Coal-fired power to compose third of Vietnam electricity capacity by 2030

A solar power project of Trung Nam Group in Ninh Thuan province, south central Vietnam. Photo courtesy of Trung Nam.
The government is expected to put Vietnam’s electricity generation capacity at 146,000 megawatts by 2030, of which 25.7% is coal-fired power.
Its long-discussed draft Power Development Plan VIII (PDP VIII) has been amended many times with different capacity estimates. The country targets net-zero carbon emissions by 2050. PDP VIII aims at the 2021-2030 period, with a vision to 2045.
The Government Office late last week announced Deputy Prime Minister Le Van Thanh’s conclusions after a national conference on the plan on Friday. He concluded the participants had reached a consensus that the total generation capacity should be 146,000 MW by 2030.
The figure is down about 35,000 MW compared to the version submitted by the Ministry of Industry and Trade (MoIT) in March 2021. Meanwhile, the country’s peak capacity by 2030 is estimated at about 93,300 MW.
Of the 146,000 MW, 37,467 MW or 25.7% will come from coal-fired power, 23,900 MW is liquefied natural gas (LNG), 16,121 MW from onshore wind power, 7,000 MW from offshore wind power, and 8,736 MW from large-scale solar power. The current ratio of coal-fired electricity is nearly 44%, according to Vietnam Electricity (EVN).
Toward Vietnam’s net-zero goal, the power sector would focus on green energy transition and clean energy, while minimizing carbon emissions.
The Deputy PM requested MoIT to continue collecting opinions from cities and provinces, and urgently finalize the draft PDP VIII by April 25 for State Appraisal Council approval.
At the conference, he noted that the master plan put the country’s interest first to assure power security, making it impossible to approve all provincial proposals on their own generation capacity expansion.
A sum of the proposals put their total appeals at almost 520,000 MW, about 3.5 times higher than the national estimate. “The master plan cannot meet all the requirements of developers and localities with such a huge registration,” he noted.
Minister of Industry and Trade, Nguyen Hong Dien, told the conference that registrations and requirements from localities did not take national resources and national issues into consideration, while the ministry is taking an overall approach. “Therefore, the best plans are possible, not the most perfect.”
Embracing the country’s net-zero goal, PDP VIII promotes the use of renewable resources like wind and solar power, mentioning a shift from LNG-to-power projects to hydrogen.
- Read More
Termination of feed-in-tariff mechanism a major bottleneck in Vietnam’s electricity transition: expert
A major bottleneck in Vietnam’s electricity transition has been the termination of the feed-in-tariff (FIT) mechanism in 2021, with no suitable replacement mechanism in place, according to the director of Hanoi-based Institute of Energy Technology.
Economy - Mon, June 2, 2025 | 4:56 pm GMT+7
Vietnam Vaccine JSC launches high-quality healthcare shop chain
Vietnam Vaccine JSC (VNVC), well known for its vacciation services, on Saturday launched its VNVC Shop, a chain offering safe, high-quality healthcare products from globally recognized brands.
Companies - Mon, June 2, 2025 | 4:05 pm GMT+7
Vietnam heavyweight PV Gas plans $3 bln investment over next 5 years
PV Gas, a subsidiary of state-owned giant Petrovietnam, plans to make "strong investment" over the next five years in areas such as infrastructure and import-distribution of LNG.
Energy - Mon, June 2, 2025 | 2:01 pm GMT+7
Vietnam sees renewed output expansion, improved business confidence in May: S&P Global
May saw a more stable picture in terms of U.S. tariff policies than April, helping lead to a renewed expansion in output and improved business confidence, says Andrew Harker, economics director at S&P Global Market Intelligence.
Economy - Mon, June 2, 2025 | 9:18 am GMT+7
Vietnam considers developing 2 inter-regional renewable energy service and industry hubs
The Ministry of Industry and Trade (MoIT) has proposed building two inter-regional renewable energy service and industry hubs in the country.
Economy - Mon, June 2, 2025 | 8:00 am GMT+7
Investors advised to take profits from stocks having risen sharply
Investors should maintain a balanced stock allocation in their portfolios and consider buying opportunities if the VN-Index retreats to the 1,300-1,320 point range, say market experts.
Finance - Sun, June 1, 2025 | 8:10 pm GMT+7
Shares of Vietnam's leading jewelry maker PNJ jump over 30% ahead of gold inspection report
Shares of Phu Nhuan Jewelry JSC (PNJ), a leading jewelry producer in Vietnam, rallied sharply ahead of the central bank’s Friday release of its gold market inspection findings.
Companies - Sun, June 1, 2025 | 1:14 pm GMT+7
Vietnamese firm takes over 40-year-old Pierre Cardin shoe chain in Thailand
Emall Vietnam, which owns a network of 100 high-end business shoe stores under the Pierre Cardin and Oscar brands in Vietnam, has taken over the entire Pierre Cardin shoe system in Thailand.
Companies - Sun, June 1, 2025 | 10:29 am GMT+7
Southern Vietnam province Ba Ria-Vung Tau okays 53 projects
Ba Ria-Vung Tau authorities on Friday granted in-principle approvals or investment registration certificates for 53 projects, including a green light for a $400 million investment capital hike of the $5.4 billion Long Son Petrochemicals Complex.
Industries - Sun, June 1, 2025 | 8:00 am GMT+7
Who to receive over 97 mln ESOP shares from Vietnam's leading developer Novaland
Novaland, a major real estate developer in Vietnam, will simultaneously implement plans to issue bonus shares and offer ESOP (employee stock ownership plan) shares, with a total issuance rate of 5%, equivalent to more than 97 million units.
Companies - Sat, May 31, 2025 | 11:09 pm GMT+7
Vietnam billionaire Pham Nhat Vuong to contribute 48 mln Vingroup shares to VinSpeed
Billionaire Pham Nhat Vuong has registered to transfer more than 48 million Vingroup (VIC) shares to the newly-established VinSpeed that registered to build the North-South high-speed railway project.
Companies - Sat, May 31, 2025 | 7:14 pm GMT+7
Two investors propose $65 mln wind power project in central Vietnam
A consortium of Quang Tri Renewable Energy Investment JSC and Win Power Holding Pte Ltd, and Nam Binh Wind Power JSC have submitted an application to implement a 48-megawatt wind power plant in the central province of Quang Tri.
Energy - Sat, May 31, 2025 | 3:10 pm GMT+7
Central Vietnam city seeks investors for $209 mln LNG, LPG terminal project
The central city of Danang is calling for investment in an LNG and LPG terminal project worth over VND5.43 trillion ($208.7 million).
Infrastructure - Sat, May 31, 2025 | 10:52 am GMT+7
Thai-backed food giant C.P. Vietnam rejects pork safety accusations
C.P. Vietnam, a subsidiary of Thailand’s food giant Charoen Pokphand Foods Public Company Limited (CPF), has dismissed social media allegations of selling diseased pork, calling them fabricated and false.
Companies - Sat, May 31, 2025 | 8:54 am GMT+7
Oman Investment Authority to expand investment fund in Vietnam
Prime Minister Pham Minh Chinh has proposed Oman to enlarge the Vietnam-Oman Investment Fund (VOI) to $1 billion to better cater for the Southeast Asian country's investment needs.
Economy - Fri, May 30, 2025 | 11:26 pm GMT+7
Japanese retailer Aeon to build 2-hectare mall in Vietnam’s Mekong Delta
Retail giant Aeon will develop a 2-hectare mall in the Mekong Delta province of Tien Giang, with an estimated investment of VND1.16 trillion ($44.6 million).
Industries - Fri, May 30, 2025 | 4:44 pm GMT+7