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.

The Just Energy Transition Partnership (JETP) provides important financial and technological solutions and should also be a target for the implementation of Power Development Plan VIII, Deputy Prime Minister Tran Hong Ha has said.

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 Danish Embassy in Vietnam and the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT) jointly held a conference in Hanoi on June 2 to discuss measures to promote the development of offshore wind power in Vietnam.

VOV.VN - Norwegian energy company Equinor have outlined their desire to invest and develop offshore wind power in Vietnam, with the international company viewing the nation as a promising market.

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.