Vietnam's Power Development Plan 8 (PDP8): A bold step towards a net-zero future

Minh Ha-Duong

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Abstract: After years of anticipation, Vietnam's Prime Minister Pham Minh Chinh recently approved Power Development Plan 8 (PDP8, Decision 500/QĐ-TTg). This plan determines how to invest $13.5 billion per year and put the country's electricity system on the way to a net-zero future. The decision comes as Vietnam, which made a head start on other Mekong countries in the clean energy race in 2019-2021, was running out of steam. Releasing the PDP8 was critical to give a new dynamic and unlock investment in the electricity sector.

Date: 2023-05-29
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
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Published in 2023

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