Decision No. No. 768/QĐ-TTg approving the National Power Development Plan 2021–2030

Decision No. 500/QD-TTg on approving the National Power Development Plan for 2021-2030, vision to 2050.

English translation of Decision No. 500

Implementation Plan for National Power Development Plan for 2021-2030, vision to 2050

Plan released

<p>This Plan, approved by Decision No. No. 768/QĐ-TTg, sets out the following objectives: that by 2030, 50% of government buildings and 50% of residential homes will use self-generated and slef-consumed rooftop solar power; and to significantly expand renewable energy resources (excluding hydropower) for electricity generation, reaching a share of approximately 28-36% by 2030 and to 74-75% by 2050.</p>
<p>In addition, the Plan also aims to, by 2030, establish two inter-regional renewable energy industry and service hubs encompassing electricity generation, transmission, and consumption; renewable energy equipment manufacturing; construction; installation; and related services; and build a renewable energy industrial ecosystem in high-potential regions such as the North, South Central, and South regions when favorable conditions are met. The intention is to supply exports to Singapore, Malaysia and other regional partners.Actions include developing offshore wind power alongside solar power, onshore wind, nearshore wind, in order to produce new energy, such as hydrogen and green ammonia. This new Plan supersedes the previous version in Decision No. 500/QD-TTg on approving the National Electricity Development Plan for 2021-2030, vision to 2050.</p>

National Power Development Plan for 2021-2030, vision to 2050

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

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Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

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The management and allocation of funds, assets and investments to meet various objectives