The recent approval for Vietnam’s eighth national power development plan (PDP8) has heated up discussions around business strategies of energy giants in the race to gain advantages in energy transition towards the country’s net-zero goals.

VOV.VN - Prime Minister Pham Minh Chinh met with leaders of several Chinese conglomerates on September 16 in Nanning city of China’s Guangxi province to mark the occasion of his attendance at the 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) there.

A conference was held in Hanoi on July 4 to evaluate the role of green hydrogen in Vietnam’s energy policy, contributing to implementing the National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 (PDP VIII).

The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate coal and gas-fired power generation and promote renewable energy to achieve the target of net zero emissions by 2050.

The National Power Development Plan VIII, which has been recently approved by the Prime Minister, aims to ensure national energy security, thus satisfying the country's socio-economic requirements in the time ahead.

VOV.VN - Along with traditional co-operation, Vietnam and the Netherlands boast great potential for further linkages in new fields such as developing renewable energy and forming a carbon market, according Dutch Ambassador in Vietnam Kees van Baar.

VOV.VN - After nearly four years of formulation and revision, the National Power Development Plan VIII targeting energy conversion, renewable energy ecosystem development, and electricity imports and exports has been approved by the Government.

VOV.VN - Vietnam will pool all resources, both at home and abroad, to realise its net zero emissions commitments by 2050, said Deputy Prime Minister Tran Hong Ha.

The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants.

The latest draft National Power Development Plan for the 2021 - 2030 period, with a vision to 2045 has made drastic reduction of CO2 emissions with no new coal-fired power plants to be built in the planning period, and with the switch from coal and natural gas to biomass, ammonia, and hydrogen.