With several key adjustments, Government Decree 57 is regarded by experts as a timely “upgrade,” addressing limitations, expanding participation, and increasing flexibility for the Direct Power Purchase Agreement (DPPA) mechanism. What changes does Decree 57 introduce? Are these new provisions truly a “boost” to a competitive electricity market in Vietnam? Decree 57 replaces Decree 80 The DPPA mechanism is seen as a breakthrough in Vietnam’s clean energy sector. For the first time, under Decree 80/2024/ND-CP, large electricity-consuming enterprises could sign direct contracts with renewable energy producers, instead of going through Vietnam Electricity Group (EVN). Upon its issuance, Decree 80 was expected to trigger a new wave of investment, encourage renewable energy development, and pave the way for a competitive and transparent electricity market. However, obstacles have emerged in the implementation process. After nearly nine months in effect, Decree 80 was replaced by Decree 57/2025/ND-CP. This article will analyze eight key highlights of Decree 57, compare them with the previous regulations in Decree 80, and discuss its potential to drive a greener, freer, and more sustainable electricity market. Key considerations when applying Decree 57 In addition to these changes, businesses seeking to make the most of the DPPA mechanism must closely […]