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.
After decades of development, many family-run groups have begun the power transition process. The next generations have taken over leadership, while veteran businesspeople are retiring from their positions.
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.
Deputy Prime Minister Tran Hong Ha stressed the need to incentivise the conversion of fossil fuel-powered vehicles to electric vehicles and other types of clean energy.
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.
The Vietnam Electricity Group (EVN) is negotiating to purchase more electricity from China and Laos, according to EVN General Director Tran Dinh Nhan.
VOV.VN - Two localities of Quang Ninh province will purchase electricity from China’s Guangxi province to fee local consumption and production.
Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.
The Northern Power Corporation will buy electricity from China’s Guangxi Power Grid Company to ease the power shortage this summer.
VinES, a member of Vietnamese conglomerate Vingroup, and Marubeni Green Power Vietnam, a fully-owned subsidiary of Japan’s Marubeni Corporation, have signed a strategic partnership deal to promote the adoption of battery energy storage systems (BESS) in Vietnam.