Investors are still like to have serious concerns over the risks they are left to shoulder under the latest power deal structure unveiled by the Vietnamese government, which represents only a “step in the right direction”, said an expert in the country’s energy law.

Vietnam – which has big ambitions in wind development and improved its feed-in tariff last year – has faced ongoing questions over the power purchase agreement (PPA) on offer from state utility EVN, an issue identified as a barrier to external investment in the Southeast Asian nation.