Vietnam’s National Energy Development Strategy to 2030 and Outlook to 2045

Phan Anh, Nguyen Thi Kim Ngan and Nguyen Thi Thuy Huong

International Journal of Economics & Business Administration (IJEBA), 2020, vol. VIII, issue 4, 1023-1032

Abstract: Purpose: The article evaluates Vietnam's Energy Development Strategy to 2030 and vision to 2045, according to Vietnam Credit, 2019 and Base on Ref. 55-NQ/TW Resolution of the politburo On Orientations of the Viet Nam’s National Energy Development Strategy to 2030 and outlook to 2045. Viet Nam ‘s Energy company need to reset up the strategy and review long term plan to adapt resolution No 55-NQ/TW. Approach/Methodology/Design: This study conducted a systematic review of various documents and secondary data from various sources. Findings: the paper shows that it is vital to balance the energy supply-demand in terms of oil and gas, coal, renewable energy, and other energy sources. The gap between the supply and demand is the framework to setup strategy. Practical Implications: The result of the paper is towards an overview formulate and implement the Vietnam power sector development strategy for the new period. Enable the rapid and sustainable development of power sources, with well-designed structure and allocation, to ensure safety, reliability, stability towards diversification, an increased active power factor, and proper power reserve; and to meet the requirements for the protection of the ecological environment.

Keywords: Development strategy; energy; energy development strategy. (search for similar items in EconPapers)
JEL-codes: K23 L78 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijebaa:v:viii:y:2020:i:4:p:1023-1032

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