Country approves national energy master plan for 2021-30 period

By 2030, Vietnam will establish and develop several clean energy centers in the northern, central, and southern regions, and develop new energy production to meet domestic and export demands. The capacity of green hydroelectricity production is estimated at about 100,000-200,000 tons per year by 2030 and about 10-20 million tons annually by 2050.

By 2030, Vietnam will establish and develop several clean energy centers in the northern, central, and southern regions, and develop new energy production to meet domestic and export demands. The capacity of green hydroelectricity production is estimated at about 100,000-200,000 tons per year by 2030 and about 10-20 million tons annually by 2050.

Such are targeted in Decision 893/QD-TTg, approving the national energy master plan for the 2021-2030 period, with a vision toward 2050.

Country approves national energy master plan for 2021-30 period
Country approves national energy master plan for 2021-30 period (Illustration)

Under the Decision, the overall objective of the plan is to ensure the country's energy security, meet the requirements of economic and social developments, industrialization, and modernization, ensure national defense and security, improve the people's living standards, and protect the ecological environment. In addition, it aims to develop an independent and autonomous energy industry and establish a comprehensive energy industry ecosystem based on renewable and new energy sources, with a goal of becoming a regional center for clean energy industries and renewable energy exports.

It sets a target for total primary energy supply to reach 155 million tons of oil equivalent by 2030 and between 294 and 311 million tons by 2050. The total national oil and petroleum reserves (including crude oil and products), meanwhile, is expected to rise to 75-80 days of net imports by 2030 and gradually to 90 days after that year.

Regarding equitable energy transition, the plan sets a target for the share of renewable energy in the total primary energy to be 15-20 percent by 2030 and about 80-85 percent by 2050. It also aims to achieve energy savings of about 8-10 percent by 2030 and about 15-20 percent by 2050 compared to the normal development scenario.

The projected greenhouse gas emissions are about 399-449 million tons by 2030 and about 101 million tons by 2050. The goal is to cut emissions by 17-26 percent by 2030 and about 90 percent by 2050 compared to the normal development scenario.

Efficient exploitation and utilization of domestic energy resources are highlighted, with the production of crude oil, natural gas, and commercial coal targeted at 6 - 9.5 million tons, 5.5 - 15 billion cubic meters, and 41-47 million tons, respectively, for the 2021-2030 period.

To achieve these goals, the Decision sets out six implementation solutions, including capital mobilization and allocation; mechanisms and policies; environment, science, and technology; human resource development; international cooperation; and implementation and supervision of the master plan.-

By VLLF

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