- Asia
- Natural Resources & Energy
Vietnam Issues First Pricing Framework for Battery Energy Storage Systems (BESS)
Circular 62/2025/TT BCT dated 10 December 2025 (“Circular 62”) issued by the Ministry of Industry and Trade (MOIT) has taken effect as from 26 January 2026, marking a long awaited milestone for Vietnam’s power sector: the country’s first methodology for determining pricing for standalone Battery Energy Storage Systems (BESS) as well as the main required contents of their power purchase agreements (PPAs). Circular 62 has important implications for BESS investors, lenders, EVN, and other electricity market participants. Among other things it introduces Vietnam’s first capacity based revenue model for storage resources, bringing the country closer to global best practices in modern power market design. The release of Circular 62 demonstrates concrete action by the Vietnamese government to implement its aspirations for a massive addition...To read the full article, please see the PDF file
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Natural Resources & Energy | Asia Newsletter
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Stationed in Singapore in 2010 and in Vietnam since 2013, and supported foreign investors in their investments and business development in South East Asia. Provided legal advice on various projects including the following: • M&A deals • infrastructure development projects including smart city, road, and railway • natural resources and energy projects including renewable energy projects • real-estate development projects including residential housing, commercial/logistics, offices, hospitality properties, complex buildings Kazuhide has also advised foreign invested companies in South East Asia in various areas, such as labor, trade, information security, digital regulations, crisis management, and compliance.