Vietnam’s energy transition is anchored by three major policy pillars: Power Development Plan VIII (PDP8), the Direct Power Purchase Agreement (DPPA) mechanism, and the Just Energy Transition Partnership (JETP).
A solar power project in Thuan Nam district, Ninh Thuan province, now part of Khanh Hoa province. (Photo: VNA)
Hanoi (VNA) – A series of major policy breakthroughs are setting the stage for increased investment, removing transmission bottlenecks, and accel🍨erating clean energy devܫelopment in Vietnam.
On July 12, Prime Minister Pham Minh Chinh issued Directive No. 20/CT-TTg on urgent tasks to prevent and address environmental pollution. The move marks a shift in environmental policy and plays a key role in building a sustainable energy ecosystem. Addressing environmental and energy issues in tandem is expected to strengthen Vietnam’s power system, supporting green growth, energy security, and the country’s Net Zero target by 2050.
Vietnam’s energy transition is anchored by three major policy pillars: Power Development Plan VIII (PDP8), the Direct Power Purchase Agreement (DPPA) mechanism, and the Just Energy Transition Partnership (JETP). PDP8 outlines a long-term legal framework prioritising renewables and grid upgrades. The DPPA fosters a competitive electricity market, connecting businesses with green power and attracting private capital. JETP mobilises international funding and technical support to phase out coal and promote clean, equitable energy.
These policies are creating a robust legal foundation and helping to relieve transmission congestion, particularly in areas with high renewable energy potential.
Internationally, Vietnam is the first developing country to sign the JETP agreement with the G7 - a milestone that opens access to green finance, technology, and global expertise. At home, critical transmission projects are being accelerated, including the completed 500kV circuit-3 line and inter-regional substations, to unlock capacity from key energy hubs such as Khanh Hoa and Lam Dong.
In the liquefied natural gas (LNG) sector, major projects like Nhon Trach 3 and 4 LNG-powered plants and the 4,500 MW Hai Phòng LNG centre are progressing rapidly. LNG development is expected to diversify energy supply and support the transition from coal to lower-emission sources.
However, several challenges remain. Dr. Tran Chi Thanh, President of the Vietnam Atomic Energy Institute, noted that restarting the nuclear programme in Ninh Thuan would require comprehensive preparation in infrastructure, legislation, and workforce.
PV Power leaders and engineers officially operate the Nhon Trach 3 LNG-fuelled power plant as it connects to the national grid on February 5. (Photo: VNA)
Vietnam Energy Association Vice President and Secretary General Nguyen Anh Tuan warned of possible power shortages between 2026 and 2028 due to slow project rollout and incomplete pricing and bidding mechanisms.
Human resources also pose a constraint. The International Renewable Energy Agency (IRENA) found that training programmes have yet to meet the needs of modern technologies like wind and solar. Ta Dinh Thi, Vice Chairman of the National Assembly Committee on Science, Technology, and Environment, called for a strategy to develop “green jobs” aligned with the energy transition.
Green finance remains a major hurdle. Le Hoang Lan of the State Bank of Vietnam said green projects lack a unified legal framework despite high capital demand.
Dr. Nguyen Quoc Thap, Chairman of the Vietnam Petroleum Association, proposed a National Assembly resolution to designate energy as a core economic pillar to attract long-term investment.
Some localities are leading the charge. Former Ninh Thuan province (now part of Khanh Hoa province) has become a renewable hotspot with 57 projects totalling 3,750 MW. Investors like Trung Nam Group, BIM Group, and Thien Tan are active, with Trung Nam also exploring a green hydrogen complex with a projected capacity of 824,000 tonnes per year by 2050.
Despite progress, grid constraints and peak-hour curtailments persist. Projects such as the 1,500 MW LNG-fuelled Ca Na Power Plant, the Bac Ai pumped-storage hydropower station, and offshore wind farms are helping form a complete industrial energy ecosystem.
Turning policies into progress will require close coordination among central and local authorities and the private sector. Achieving Net Zero by 2050 demands synchronised action across regulation, finance, technology, and workforce development. /.
Vietnam is undergoing rapid change amid the Industry 4.0 and facing global challenges such as pollution, climate change, energy insecurity, and resource depletion.
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.
The corporation recently signed a contract with Petrovietnam Power Corporation (PV Power) to provide LNG power for the commercial operations of Nhon Trach 3 and 4 thermal power plants, which PV Power manages, for 25 years.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
