Vietnam has approved a revised national power development plan, allocating $136 billion to enhance its energy infrastructure by 2030. This plan marks the country’s first official inclusion of nuclear power, aiming to diversify energy sources and bolster long-term energy security. The strategy projects the first nuclear plants to become operational between 2030 and 2035, with an initial capacity of 4 to 6.4 gigawatts, and an additional 8 gigawatts by mid-century.
In addition to nuclear energy, the plan emphasizes a significant expansion of renewable energy. Solar power is set to become the leading energy source, expected to contribute over 25% to Vietnam’s electricity mix by 2030. Conversely, the shares of liquefied natural gas (LNG) and coal are projected to decrease, accounting for 12.3% and 16.9% respectively. This strategic shift reflects Vietnam’s commitment to reducing reliance on fossil fuels and meeting its growing energy demands through sustainable means.
News & Related Coverage
Context & Background
Vietnam’s journey toward nuclear energy has been marked by significant developments. Initially, plans for nuclear power plants were proposed in 2009, with collaborations involving Russia’s Rosatom and Japan Atomic Power Company. However, in 2016, these plans were suspended due to safety concerns and financial considerations. The recent approval to reintegrate nuclear power into the national energy strategy signifies a renewed commitment to diversifying energy sources and achieving energy security.
This strategic shift aligns with Vietnam’s broader economic and environmental objectives. The country has set ambitious targets to reduce greenhouse gas emissions and achieve net-zero emissions by 2050. By incorporating nuclear energy, Vietnam aims to meet its escalating energy demands driven by rapid industrialization and urbanization, while simultaneously reducing its carbon footprint.
In This Story
Vietnam Ministry of Industry and Trade
The governmental body responsible for formulating and implementing national industrial and trade policies, including energy development strategies.
Vietnam Electricity (EVN)
The state-owned enterprise tasked with electricity generation, transmission, and distribution across Vietnam.
Rosatom
Russia’s state nuclear energy corporation, involved in international nuclear power projects and collaborations.
Japan Atomic Power Company
A Japanese nuclear power company engaged in the development and operation of nuclear power plants.
Ninh Thuan Province
A coastal province in south-central Vietnam, designated as the site for the country’s initial nuclear power plants.
Comments are closed.