On 15 April 2025, the Prime Minister issued Decision No. 768\/QD-TTg approving the adjustment of the national electricity development plan for the 2021 \u2013 2030 period with a vision to 2050 (Decision 768). Decision 768 outlines the newly adopted demand forecast and provides more support towards the net-zero goal of Vietnam by 2050. Please find below the key takeaways of Decision 768:
\n1. Development of industrial ecosystems
\nBy 2030, two interregional industrial centers for renewable energy will have been established in the northern, south-central, and southern areas.
\nBy 2035, 5,000\u201310,000 MW of electricity is expected to be exported to Malaysia, Singapore, and other nearby markets.
\n2. Power structure by 2030:
\nThe total capacity of power plants serving domestic demand (exclusive of exports) will be 183,291 \u2013 236,363 MW, comprising:
\n– Onshore and nearshore wind: 26,066 \u2013 38,029 MW (14.2% \u2013 16.1%).
\n– Offshore wind: 6,000 \u2013 17,032 MW to be commissioned during 2030\u20132035, with the possibility of earlier deployment if conditions are favorable and costs are appropriate.
\n– Solar: 46,459 \u2013 73,416 MW (25.3% \u2013 31.1%)
\n– Biomass: 1,523 \u2013 2,699 MW
\n– Hydropower: 33,294 \u2013 34,667 MW (14.7% \u2013 18.2%)
\n– Nuclear: 4,000 \u2013 6,400 MW to be commissioned during 2030\u20132035
\n– Storage sources: 10,000 \u2013 16,300 MW (5.5% \u2013 6.9%)
\n– Coal-fired: 31,055 MW (13.1% \u2013 16.9%)
\n– Domestic gas-fired: 10,861 \u2013 14,930 MW (5.9% \u2013 6.3%)
\n– LNG-fired: 22,524 MW (9.5% \u2013 12.3%)
\n– Flexible power sources: 2,000 \u2013 3,000 MW (1.1% \u2013 1.3%)
\n– Pumped-storage hydropower: 2,400 \u2013 6,000 MW
\n– Imports: 9,360 \u2013 12,100 MW from Laos and China (4.0% \u2013 5.1%)
\n3. Orientation towards 2050:
\nThe total capacity of power plants serving domestic demand (exclusive of exports) will be 774,503 \u2013 838,681 MW, comprising:
\n– Onshore and nearshore wind: 84,696 \u2013 91,400 MW (10.9%)
\n– Offshore wind: 113,503 \u2013 139,097 MW (14.7% \u2013 16.6%)
\n– Sola: 293,088 \u2013 395,646 MW (35.3% \u2013 37.8%)
\n– Biomass: 4,829 \u2013 6,960 MW
\n– Hydropower: 40,624 MW (4.8% \u2013 5.2%)
\n– Nuclear: 10,500 \u2013 14,000 MW (1.4% \u2013 1.7%)
\n– Storage sources: 95,983 \u2013 96,120 MW (11.5% \u2013 12.4%)
\n– Coal-fired: 0 MW (0%), coal will no longer be used for power generation
\n– Domestic gas-fired and conversion to LNG: 7,900 MW (0.9% \u2013 1.0%)
\n– Domestic gas-fired converted to run entirely on hydrogen: 7,030 MW (0.8% \u2013 0.9%)
\n– LNG-fired with CCS: 1,887 \u2013 2,269 MW (0.2% \u2013 0.3%)
\n– LNG-fired co-fired with hydrogen: 18,200 \u2013 26,123 MW (2.3% \u2013 3.1%)
\n– LNG-fired converted to run entirely on hydrogen: 8,576 \u2013 11,325 MW (1.1% \u2013 1.4%)
\n– Flexible power sources: 21,333 \u2013 38,641 MW (2.8% \u2013 4.6%)
\n– Pumped-storage hydropower: 20,691 \u2013 21,327 MW
\n– Imports: 14,688 MW from Laos and China (1.8% \u2013 1.9%)
\n– Participation in DPPA and new energy production is expected to take up about 30\u201360% of total electricity output from renewable energy, or higher, depending on the status of market development.
\nElectricity exports will be maintained at around 10,000 MW, possibly higher.
\n***
\nPlease do not hesitate to contact Dr. Oliver Massmann at omassmann@duanemorris.com if you have any questions. Dr. Oliver Massmann is the General Director of Duane Morris Vietnam LLC.<\/p>\n","protected":false},"excerpt":{"rendered":"
On 15 April 2025, the Prime Minister issued Decision No. 768\/QD-TTg approving the adjustment of the national electricity development plan for the 2021 \u2013 2030 period with a vision to 2050 (Decision 768). Decision 768 outlines the newly adopted demand forecast and provides more support towards the net-zero goal of Vietnam by 2050. Please find … <\/p>\n
Continue reading “VIETNAM – NATIONAL ELECTRICITY DEVELOPMENT PLAN UNTIL 2030 – What you must know:”<\/span><\/a><\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"ppma_author":[1007],"class_list":["post-1723","post","type-post","status-publish","format-standard","hentry","category-vietnam-general"],"authors":[{"term_id":1007,"user_id":24,"is_guest":0,"slug":"omassmann","display_name":"Dr. Oliver Massmann","avatar_url":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-content\/uploads\/sites\/19\/2014\/08\/massmannoliver-125x150.jpg","author_category":"1","last_name":"Massmann","first_name":"Dr. Oliver","job_title":"","user_url":"http:\/\/www.duanemorris.com\/attorneys\/olivermassmann.html","description":"Read Oliver's bio.<\/a>"}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts\/1723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/comments?post=1723"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/posts\/1723\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/media?parent=1723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/categories?post=1723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/tags?post=1723"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/vietnam\/wp-json\/wp\/v2\/ppma_author?post=1723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}