DECISION Approving the national electricity development plan for the period of 2021 - 2030, with a vision to 2050

Summary

Vietnam's Prime Minister has approved the National Electricity Development Plan (Power Master Plan VIII) for 2021-2030, with a vision to 2050. The plan aims to ensure national energy security, meet socio-economic development goals, and transition to a green, low-carbon economy. Total investment is estimated at US$134.7 billion for 2021-2030 and US$399.2-523.1 billion for 2031-2050. Key targets include increasing renewable energy's share to 30.9-39.2% by 2030 and 67.5-71.5% by 2050, achieving a maximum power capacity of 90,512 MW by 2030, and reducing greenhouse gas emissions from electricity to 204-254 million tons by 2030, with a coal phase-out to 0 MW by 2050.

Key Facts

Source Document

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