PM approves adjusted national power development plan for 2021-2030

The key objective is to ensure sufficient electricity for national socio-economic development toward an average GDP growth rate of around 10% per annum during 2026–2030, and approximately 7.5% per annum for 2031–2050.

Wind and solar power projects in Loi Hai and Bac Phong communes, Thuan Bac district, Ninh Thuan province. (Photo: VNA)
Wind and solar power projects in Loi Hai and Bac Phong communes, Thuan Bac district, Ninh Thuan province. (Photo: VNA)

Hanoi (VNA) – Deputy Prime Minister Bui Thanh Son has signed the PM’s decision approving adjustments to the national power development plan for the 2021–2030, with a vision to 2050.

The decision outlines the scope and boundaries of the plan, covering power generation and transmission projects with a voltage level of 220kV or higher, as well as the renewable and new energy industries and services across Vietnam, which include interconnection projects linking the national grid with neighbouring countries.

The key objective is to ensure sufficient electricity for national socio-economic development toward an average GDP growth rate of around 10% per annum during 2026–2030, and approximately 7.5% per annum for 2031–2050.

Concerning electricity targets by 2030, commercial output is set at 500.4 – 557.8 billion kWh, power generation and imports at 560.4 – 624.6 billion kWh, and peak power capacity at 89,655 – 99,934 MW.

Also by 2030, the plan aims for 50% of office buildings and 50% of households to use self-generated rooftop solar power for on-site consumption (not fed into the national grid).

Towards a just energy transition, it calls for a major push in renewable energy development (excluding hydropower), targeting a 28 – 36% share of electricity generation by 2030, with the figure rising to 74 – 75% by 2050. A smart grid capable of safely and efficiently integrating large-scale renewable energy sources will be built.

By 2030, two interregional renewable energy industry and service centres will be established, encompassing production, transmission, consumption, equipment manufacturing, construction, installation, and related services. These will be located in high-potential regions such as the North, South Central, and South, depending on favourable conditions.

The plan also envisions developing renewable and new energy sources for export to Singapore, Malaysia, and other regional partners. By 2035, electricity exports are expected to reach a capacity of 5,000–10,000 MW, with potential for higher levels depending on demand and economic viability, while ensuring national energy security and defence.

The total investment required for power generation and transmission infrastructure is estimated at 136.3 billion USD for 2026–2030. For the periods 2031–2035 and 2036–2050, projected investments are 130 billion USD and 569.1 billion USD, respectively./.

VNA

See more

Processing dragon fruit for exports (Photo: VNA)

Overseas Vietnamese help Vietnamese products go global

In 2016, approximately 4.5 million Vietnamese were residing in 109 countries and territories. Today, the figures have risen to over 6 million and more than 130, respectively. Once focused on small-scale trade, many OV entrepreneurs now own major retail centres and operate extensive wholesale networks, boosting the availability of Vietnamese products abroad.

Illustrative image (Photo: VNA)

PM orders fast-track construction of Lao Cai - Hanoi - Hai Phong railway

The Minister of Construction was asked to work closely with local authorities to hasten land clearance, compensation, resettlement, site surveys, and the drafting of a feasibility study, which must be completed by June 2025, setting the stage for the project's groundbreaking on December 19, 2025.

LNG import operations at Thi Vai terminal. (Photo: VNA)

Vietnam cuts LNG import tariff to boost clean energy transition

The Vietnamese Government has reduced the preferential import tariff on liquefied natural gas (LNG) from 5% to 2% under Decree No. 73/2025/ND-CP, issued on March 31. The move marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.

Prime Minister Pham Minh Chinh chairs the meeting (VNA)

PM urges proactive engagement with US on trade talks

Trade negotiations with the US must be calm, consistent, and flexible, aiming to protect national sovereignty, security, and interests, while upholding international commitments and pursuing “balanced interests, shared risks," said Prime Minister Pham Minh Chinh.

Fisshing vessels in Quang Binh province (Photo: VNA)

Vietnam races against time to have EC’s "yellow card" lifted before Sept. 15

The Ministry of Agriculture and Environment particularly focused on resolving all EC concerns before September 15, the deadline for submitting a progress report to the commission, as well as ensuring thorough preparations for the fifth inspection so as to secure the removal of the “yellow card” warning.

The daily reference exchange rate for the US dollar is set at 24,960 VND/USD on April 29. (Photo: VNA)

Reference exchange rate down April 29

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,960 VND/USD on April 29, down 4 VND from April 28.

Investment in artificial intelligence surges eightfold compared to 2023 (Photo: VNA)

Investment in AI in Vietnam increases eightfold

Vietnam is entering a new phase of growth, where innovation, science, and technology are at the forefront of shaping its future. From being an emerging market, Vietnam has now risen to become a strategic destination for technology investment in Southeast Asia, driven by the aspirations of the entrepreneurial community and strategic guidance from the government

The talks between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Cambodian Minister of Commerce Cham Nimul on April 28 (Photo: VNA)

Vietnam, Cambodia seek ways to bolster economic, trade ties

Vietnam and Cambodia inked an agreement on promoting bilateral trade for the 2025–2026 period, which provides preferential tariffs for many competitive goods from each side – much more favourable than those under the ASEAN Trade in Goods Agreement (ATIGA).

President of Vietnam Luong Cuong (10th from left), Party General Secretary and President of Laos Thongloun Sisoulith (ninth from left), and officials of the two countries at the inauguration ceremony of Wharf No. 3 of Lao - Viet International Port on April 28 (Photo: VNA)

New wharf at Lao - Viet Int’l Port inaugurated

The launch of Wharf No. 3 of Lao - Viet International Port expected to help ensure infrastructure for socio-economic development in both Vietnam and Laos, meeting the increasing demand for goods transportation.