Vietnam's Prime Minister has approved the plan on national power development for 2011-2020, which is called the master plan 7. Vietnam strives to have the power generation capacity of 75 GW by 2020 and 146.8 GMW by 2030. Hydropower plants would generate 23.1% of the total capacity, pumped storage hydroelectric plants 2.4%, coal-run plants 48%, gas-fired plants 16.5%. Vietnam also plans to have 5.6% of the total capacity from renewable energy, 1.3% from nuclear power plants and 3.1% from imports. The total investment capital of the power industry would be $48.8bn by 2020 and $123.8bn for 2030.
Vietnam also plans to increase coal production and would require coal imports as of 2015. In principle, Vietnam can exploit coal from the Red River Delta’s coal basin in Ha Nam or Thai Binh provinces. In Quang Ninh, reserves are estimated at 1 Gt and 20 new mines could bring the output of 2.5-3 Mt/year. However, in order to develop the mines, Vietnam will require $6bn to open 20 mines (based on the estimated $300m investment necessary to open a new mine in Quang Ninh).
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