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Vietnam Accelerates Energy Transition Toward Green and Sustainable Development

Vietnam is accelerating its energy transition toward green and sustainable development. The Government’s approval of the revised Power Development Plan VIII (under Decision No. 768/QĐ-TTg dated April 15, 2025) marks a strategic turning point in ensuring national energy security, reducing emissions, and adapting to climate change. With its natural advantages and potential, Thanh Hoa has been included in several large-scale energy projects, opening up opportunities to develop renewable energy, enhance electricity supply capacity, and attract green industrial investments.

Renewable Energy – A Strategic Priority in the National Power Plan

According to the revised Power Development Plan VIII, the core objective is to ensure sufficient electricity for socio-economic development, with a targeted average GDP growth rate of 10% annually from 2026–2030, and approximately 7.5% annually from 2031–2050. The peak power capacity is expected to reach 89,655–99,934 MW by 2030, increasing to 205,732–228,570 MW by 2050. The plan also emphasizes the need for a safe and reliable electricity supply, meeting the N-1 criteria for important load areas and N-2 for critical load zones, including nuclear power sources. By 2030, Vietnam aims to be in the top 4 ASEAN countries for electricity reliability and top 3 for electricity access.

A highlight of the plan is the strong promotion of renewable energy and the gradual reduction of dependence on fossil fuels. Vietnam will prioritize the development of wind power (onshore, nearshore, offshore), solar power (ground-mounted and floating), biomass, and others—aligned with the grid’s absorption capacity and power evacuation potential. By 2030, total onshore and nearshore wind power capacity is expected to reach 26,066–38,029 MW. Offshore wind power for domestic use is projected at 6,000–17,032 MW, with potential to increase to 113,000–139,000 MW by 2050. Wind power for the production of new energy such as hydrogen and green ammonia is expected to reach 15,000 MW by 2035 and approximately 240,000 MW by 2050.

With solar power potential estimated at around 963,000 MW, total solar capacity is expected to reach 46,459–73,416 MW by 2030 and nearly 295,000 MW by 2050. Fully tapping into this potential will play a vital role in the energy transition and realizing the net-zero emissions goal by 2050.

A New Growth Engine for “Clean” Energy

The revised Power Development Plan VIII allocates additional power sources to Thanh Hoa, especially in renewable energy:

• 373 MW of rooftop solar power from 2025–2030, with an additional 68 MW from 2031–2035

• 440 MW of utility-scale solar power from 2025–2030, with an additional 164 MW from 2031–2035

• 364 MW of onshore and nearshore wind power during 2025–2030

Key LNG power projects such as the 1,500 MW Nghi Son LNG Thermal Power Plant and the 1,500 MW Cong Thanh LNG Thermal Power Plant have also been added to the list of national priority power sources with scheduled development timelines.

In addition, dozens of 220–500 kV substations and transmission lines will be newly built and upgraded in sync to ensure efficient power evacuation and meet future demand.