The share of renewable energy in total primary energy supply is projected to reach 15-20 per cent by 2030, with a long-term target of about 80-85 per cent by 2050 under Vietnam’s national energy master plan.

Deputy Prime Minister Tran Hong Ha has signed a decision approving the master plan for the 2021-2030 period with a vision to 2050.

The plan is aimed at ensuring sufficient energy supply in the country and meeting socio-economic development goals, posting average annual GDP growth of around 7 per cent in the period from 2021 to 2030 and 6.5-7.5 per cent in the 2031-2050 period.

Vietnam intends to develop an independent and self-sufficient energy industry, building an overall energy ecosystem based on renewable and new energy sources. The goal is to establish and develop multiple clean energy centers by 2030.

The production scale of green hydrogen is expected to reach around 100,000-200,000 tons per year, with a long-term vision of 10 to 20 million tons per year by 2050.