Vietnam has lowered its preferential LNG import tariff from 5 percent to 2 percent under Decree No. 73/2025/ND-CP. The reduction boosts cost competitiveness of LNG-fuelled power and incentivises investment across the LNG value chain, from importers to generators, the Vietnam News Agency has reported.
This is in line with broad discussions about increasing imports of LNG from the United States to help close the gap in the balance of trade between the two countries. Of note, however, this change was made before the April 2 “reciprocal” tariff announcement.
The article also notes that:
- PV GAS and PV Power, key players in Vietnam’s LNG sector, are expected to benefit from lower input costs and improved project economics.
- Experts warn that unclear policies on price pass-through, purchase guarantees, and cost regulations hinder financing and long-term planning.
- The Vietnam Petroleum Association has called for comprehensive reforms across energy, environment, and investment laws to ensure project bankability and secure foreign capital.
See also: Gas Power in Vietnam