Vietnam’s National Power Development Plan VIII (PDP8) creates an important basis for developing the framework for investment and introducing new and significant enhancements to regulations for the energy industry in Vietnam over the next decade, toward a greener path.
The newly approved Power Development Plan VIII could open up new space for the country to realise its green path and eliminate bottlenecks in deploying renewable energy.
Vietnam’s Power Development Plan VIII (PDP8) will enable the power sector to align with the nation’s international commitments, including the Just Energy Transition Partnership. It is the dawn of green and sustainable development for the sector, with the hope of restarting pending power projects and contributing to net-zero commitments by 2050.
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.