How Vietnam’s Revised PDP8 is Reshaping National Energy Priorities On 30 May 2025, Vietnam’s Ministry of Industry and Trade (MoIT) issued Decision 1509/QD-BCT (Decision 1509) to approve the Revised PDP8 Implementation Plan. Based on the Revised PDP8 which was approved by the Prime Minister on 15 April 2025, Decision 1509 determines the detailed period of…
Procedure of Appointing Ad – Hoc Arbitrators under Uncitral Arbitration Rules 2021 Amid the rapid growth of international trade as well as the increase of commercial disputes, selecting an appropriate dispute resolution mechanism is crucial to ensuring transparency and equity among business partners. In this regard, ad hoc arbitration is often favored as it affords…
Practical issues in the release of Retention money With respect to the timing for the release of Retention money, although in theory the release of retention money provisions appear to set out clear provisions, practical application reveals that Clause 2, Article 28 of Decree No. 06/2021/ND-CP (“Decree 06/2021”) still leaves room for significant debate. Specifically,…
Legal Framework for FEED in Vietnam: A Key Milestone Begins with Key Railway Projects On 11 June 2025, the Government of Vietnam issued Decree 123/2025/ND-CP detailing FEED applying for key railway projects as follows: Lao Cai – Ha Noi – Hai Phong Line North – South Express Railway Metro Systems in Hanoi and Ho Chi…
Introduction Adopting a strategy that places infrastructure development as the driving force behind economic growth, Vietnam is accelerating and planning many major infrastructure projects, named as airports, metros, railways, seaports, and highways. Reinforced by Resolution No. 68 on promoting private sector participation in economic development, domestic and foreign enterprises are presented with strong opportunities to…
CNC’s Experience regarding Project Finance transaction in the Renewable Energy Sector CNC Counsel is pleased to announce its successful collaboration with a multinational solar energy corporation in closing a multi-million USD project financing transaction. The transaction, conducted with a branch of an international bank operating in Vietnam, marks a significant milestone in Phase 2 of…
Statute of limitations in international arbitration – Vietnam perspective The statute of limitations, defining the timeframe within which legal action must be initiated, plays a pivotal role in ensuring justice and protecting parties’ rights in international arbitration. This article examines the application of the statute of limitations in arbitration from Vietnam’s perspective, where its characterization…
CNC, the Law Firm of the Year in the Infrastructure & Project Finance Sectors CNC Vietnam Law Firm Co., Ltd is proud to be honored at the Vietnam Law Firm Awards 2025 held by Asia Business Law Journal, in the Infrastructure & Project Finance category, which is currently considered an essential and strategic sector in…
Legal Policy on Direct Power Purchase Agreement (DPPA) in Vietnam: Updated Since March 2025 The new policy on Direct Power Purchase Agreement (“DPPA”) comes into force on 03 March 2025 via the new Decree No. 57/2025/ND-CP of the Government of Vietnam (“Decree 57”), following the ratification of the New Law on Electricity (2024). Decree 57…
