This is the 8th plan of its kind setting out Vietnam's future electricity generation plans. It also aligns Vietnam's power generation plans with the commitments made through its Just Energy Transition Partnership (JETP) agreed in 2022.
The plan sets out a widescale modernisation of infrastructure and the prioritisation of renewable electricity generation. The plan aims to more than double Vietnam’s power generation capacity, from 69 GW at the end of 2020 to 150 GW by 2030 – and enable the country to reach carbon neutrality by 2050.
The plan also sets out how Vietnam will reduce its long-term reliance on coal, including phasing out coal power generation entirely by 2050.
