The total coal-fired thermal power capacity in the eighth national electricity development plan (Plan 8) is 14,800MW lower than the revised seventh plan. Vietnam is also considering developing offshore wind power.

Vietnam’s target of raising renewable electricity to 45% of the national power generation capacity by 2030 and the need for investment worth up to $14 billion towards this goal have created opportunities for domestic and foreign firms.

Vietnam’s commitment to achieving net zero emissions by 2050 at COP26 is expected to bring a tailwind of opportunities, facilitating the export of made-in-Vietnam products.

Deputy Minister of Industry and Trade Dang Hoang An has asked localities to compile the lists of wind and solar power plants in their areas.

In the Draft Power Development Planning 8, one of the power source scenarios with the highest scores is the development of power sources associated with renewable energy under Resolution 55 of the Politburo.

A clear power policy and early publication of new power planning are urgently needed for Vietnam to attract private capital in infrastructure energy.

European financial institutions are displaying their optimism about Vietnam’s sustainability path by fostering green financing alternatives, thus empowering the country to fulfil its net-zero carbon emission promise by 2050.

A mass of applications to develop wind power farms have been sent to Lang Son People’s Committee and Lang Son Department of Industry and Trade.

Vietnam’s commitments at 26th United Nations Climate Change Conference of the Parties (COP 26) will have a big impact on the country’s energy system. 

A Policy Dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” was held via an online format on January 11 by independent think tank Vietnam Initiative for Energy Transition (VIETSE).

The Feed in Tariff (FIT) incentive helps attract a private investors but there are still bottlenecks that causes them to hesitate to pour money into solar and wind power projects.

Developing energy is a strategic task to realise the goal of industrialisation and modernisation.

Vietnam’s commitment to increasing its energy capacity using renewable sources will lead to increasing recruitment demand, especially in the next few years, but its human resources are not sufficient.

After the 2021 United Nations Climate Change Conference, commonly referred to as COP26, the Ministry of Industry and Trade (MoIT) was asked to review the Draft Power Development Planning 8.

The country’s road map aims to improve the quality and reliability of the national power supply and the efficient use of electricity.

“The higher the proportion of renewable energy, the higher the electricity price,” said Chair of the Binh Thuan Wind and Solar Power Association Bui Van Thinh.

More Japanese investors are actively entering Vietnam's renewable energy market to satisfy increasing energy demand.

Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

The Government of Vietnam is building open mechanisms to mobilise private investment in power projects, especially in renewable energy (RE).

Vietnam is well aware of the importance of changing the structure of energy sources in the direction of increasing the proportion of renewable energy associated with economical, efficient and sustainable use of energy.