On August 14, in Ho Chi Minh City, the Vietnam Energy Association in coordination with the Electricity Department (Ministry of Industry and Trade) organized the "Forum on realizing the goals of the Adjustment of the VIII Power Plan and Solutions for power sources by 2030".
After nearly 2 years of implementation, the National Power Development Plan for the period 2021-2030, with a vision to 2050 (power Plan VIII) has been adjusted according to Decision 768/QD-TTg dated April 15, 2025. GDP growth target of 8%/year by 2025 and double-digit increase in the period of 2026-2030 compared to the previous growth target of 7%.
Mr. Doan Ngoc Duong - Deputy Director of the Department of Electricity and Renewable Energy (Ministry of Industry and Trade) - said that adjusting the VIII Power Plan has been identified by the leaders of the Government and the Ministry of Industry and Trade as an urgent task, and at the same time, one of the important solutions to quickly find a plan to provide enough electricity for the upcoming development stage.
To meet new development requirements, it is necessary to prepare comprehensively, especially in terms of energy and electricity infrastructure. Recently, many new factors have appeared domestically and internationally affecting electricity consumption demand, as well as the orientation for developing power sources and grids.
firmly ensuring national energy security and providing enough electricity for socio-economic development is an important task that the Government and the Prime Minister always pay attention to and direct strongly.
At the forum, managers, experts and businesses discussed solutions to successfully implement the Adjustment of Power Plan VIII, including: developing renewable energy under the FIT bidding mechanism, promoting direct power purchase and sale; mobilizing capital for renewable energy and LNG projects; removing technological obstacles, selecting investors; perfecting mechanisms for EPC general contractors, suppliers of LNG equipment and fuel, to ensure economic and environmental efficiency for the Vietnamese electricity industry.
Vietnam Electricity Group (EVN) said that the adjustment of Power Plan VIII poses many challenges in investing in power grid development, especially in releasing renewable energy sources. To synchronize the progress between power sources and the grid, EVN recommends that the Government and ministries and branches issue transparent and attractive investment mechanisms and policies to attract private capital to the power transmission sector, ensuring capital recovery and reasonable profits. Prioritize capital and land support for backbone transportation projects, regional linkages, HVDC, 500kV lines and important transformer stations. Issue a coordination mechanism between the power source investor and the transmission unit to ensure investment progress and efficiency.
At the same time, a roadmap will be developed for research and application of new transmission technology (HVDC, UHVAC) associated with capital allocation and human resource training. EVN also requested the Government, ministries, branches and localities to support capital, procedures, site clearance; direct power source investors to closely coordinate, provide timely information; and organize the selection of social investors for transmission projects in sync with the progress of power sources.
