According to Vietnam Daily on May 16th, Vietnamese Prime Minister Pham Minh jung approved the "8th National Electricity Development Plan" to guide the development of power plants and grids in Vietnam from 2021 to 2030. The plan aims to promote an expected annual GDP growth rate of 7.0% during this period by ensuring sufficient electricity supply, making Vietnam one of the top four ASEAN countries in terms of electricity reliability.
According to the plan, Vietnam will invest $134.7 billion in electricity development and vigorously develop renewable energy. By 2030, half of Vietnam's office and residential buildings will be powered by rooftop solar energy, reducing energy related greenhouse gas emissions to approximately 27 to 31 million tons. Strive to increase the share of renewable energy in the electricity structure to between 67.5% and 71.5% by 2050, and the total installed capacity of renewable energy will reach 400 gigawatts. It is expected that by 2035, gas power generation will reach 40.3 gigawatts, and there will be no new additions of this type of electricity. By 2050, the share of gas in the electricity structure will reach 15.7%. Stop using coal for power generation by 2050.
