Enviro News Asia, Hanoi – The Vietnamese government has promulgated Decree No. 272/2026/ND-CP, detailing the implementation of National Assembly Resolution No. 253/2025/QH15 on mechanisms and policies for national energy development during the 2026–2030 period, laying out clear eligibility and financial requirements for entities seeking to develop offshore wind power projects.
Under the decree, survey entities applying for the allocation of marine areas for offshore wind power project surveys must meet minimum equity capital requirements of VND 1 billion, equivalent to approximately US$43.8 million, per megawatt of proposed offshore wind capacity. Where a survey entity applies for multiple projects, its minimum equity capital must correspond to the aggregate capacity of all proposed projects combined.
Survey entities must also provide a written commitment not to seek reimbursement of survey costs under any circumstances, with a limited exception for wholly state-owned enterprises assigned the task by a competent authority. Supporting financial documentation must include at least one of the following: audited financial statements for the two most recent years, a financial support commitment from a parent company, or other documents demonstrating financial capacity.
On investment conditions, the decree stipulates that enterprises preparing dossiers requesting approval of investment policy for offshore wind projects expected to commence operations between 2025 and 2035 must contribute equity capital of no less than 20 percent of total project investment, with the remaining capital backed by a lending commitment from a bank or credit institution.
Foreign investors or foreign-invested economic organizations must hold an equity stake of at least 15 percent in the project, while domestic enterprises with no foreign investors must hold at least a 5 percent stake. Where the investor is a consortium of two or more enterprises, financial capacity conditions are assessed on the combined basis of all members.
The decree took effect on July 4, 2026, and remains in force until December 31, 2030.
