Vietnam's Ministry of Industry and Trade Updates National Energy Master Plan for 2021-30 to Support Economic Growth
Vietnam is revising its national energy master plan for 2021-30 to accommodate a revised economic growth target of double-digit expansion from 2026-30. The updates are influenced by technological advances, national planning changes, and demand projections. The draft plan emphasizes energy security, with total final energy demand expected to reach 120-130 million tonnes of oil equivalent by 2030, and renewable energy to comprise 25-30% of total energy supply by 2030. It also includes plans for green hydrogen production and aims to develop clean energy hubs across the country.
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Vietnam's Ministry of Industry and Trade is updating the national energy master plan for 2021-30 in response to a new economic growth target of double-digit expansion for 2026-30. The revisions reflect changing energy demand projections and the need for energy security.
Key metrics include a projected energy demand of 120-130 million tonnes of oil equivalent by 2030 and a renewable energy share of 25-30% of total primary energy supply. Plans include enhancing LNG import capacity and targeting green hydrogen production of 100,000-200,000 tonnes annually by 2030. The draft also aims to establish two renewable energy industrial centres and export 5,000-10,000 megawatts of electricity.
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