Vietnam’s new energy strategy towards 2030 lays down the path for electricity development for this decade and with a vision to 2050, in accordance with its international climate combat commitments.
Power Development Plan VIII ("PDP8") calls for expansions to renewable energy generation and development of LNG facilities to aid a gradual phase-out of coal-fired power plants. The.
After nearly four years of formulation and revision, the National Power Development Plan VIII targeting energy conversion, renewable energy ecosystem development, and electricity imports and exports has been approved by the Government.
Legislation for renewable energy could become the corridor to draw in more resources and assist Vietnam’s energy industry in overcoming its low level of development.