Description

That is one of the statements of Prime Minister Phạm Minh Chính at the Russian Energy Week International Forum on 13-15th October. Specifically, Vietnam will not develop new coal-fired power projects by 2030, according to its (draft) National Power Development Plan VIII for 2021-2030, vision to 2045. Furthermore, the country will increase the share of renewable energy in the power mix to 20% by 2030 and 30% by 2045, gas-fueled energy from 10% in 2020 to 22% by 2030. In the meantime, Vietnam also plans to save about 5-7% of the total energy consumption by 2025 by promoting energy efficiency.

Vietnam has traditional cooperation with Russia in the oil and gas industry. This has been illustrated by many large energy projects in Vietnam, such as, Hòa Bình hydropower plant and Uông Bí thermal power plant.

Russian Energy Week is an event under the framework of the initiative of the Russian Government since 2017, aiming to discuss development issues and international cooperation in the field of energy. The topic of this year is “World Energy: Transformation for Development”.

Related article:
MoIT: minimizing coal power and increasing renewable energy in draft Power Development Plan VIII

Sources & further information: “Vietnam has fossil energy reduction roadmap: PM” at http://hanoitimes.vn, “Việt Nam keen on developing clean and renewable energy sources: PM” at https://vietnamnews.vn, “Việt Nam cam kết không tăng nhiệt điện than” at https://vnexpress.net, and “Vietnam diversifies energy sources, focuses on renewable energy, says PM” at https://english.vov.vn, accessed on 15 October 2021.