The Ministry of Industry and Trade of Vietnam has unveiled the latest draft National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 (PDP VIII), outlining a roadmap to cut the share of coal-fired plants to less than 10% of the total capacity by 2045. Indeed, the country intends to stop building new coal-fired plants in the planning period and to switch some existing projects from coal and natural gas to biomass, ammonia, and hydrogen. The country's total capacity should reach 146 GW by 2030, down about 35 GW compared to the previous version submitted on March 26, 2021. The peak capacity in 2030 is estimated at around 93 GW. The share of wind and solar plants is expected to reach almost 51% by 2045.
The country’s total capacity amounts to 69.8 GW (2020), including 20.8 GW of hydroelectricity, 21.6 GW of coal, 7.5 GW of gas, 2.5 GW of oil, and 16.7 GW of solar PV. More than 22.5 GW are currently under construction, including 10.6 GW of coal, 6.4 GW of gas, 2.3 GW of hydro, 2.2 GW of solar and 1.1 GW of wind. In November 2021, Vietnam pledged to reach net-zero carbon emissions by 2050. The updated NDC (2020) aims to reduce GHG emissions by 9% in 2030 compared to a BAU scenario, equivalent to 83.9 MtCO2eq, using its domestic resources. The new target is 1% higher than in the first NDC. The GHG emissions cut target could be further increased to 27%, or 250.8 MtCO2eq, with international support.