The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate coal and gas-fired power generation and promote renewable energy to achieve the target of net zero emissions by 2050.
The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate coal and gas-fired power generation and promote renewable energy to achieve the target of net zero emissions by 2050.
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.
Prime Minister Pham Minh Chinh has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030, with a vision until 2050.