Vietnam at the dawn of its energy transition

Le Vietnam à l'aube de sa transition énergétique

Minh Ha-Duong

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Abstract: Vietnam's Power Development Plan 8 (PDP8) sets a course for the country's energy transition to carbon neutrality by 2050. The plan targets significant growth in renewable energy, diversification of energy sources, and reduced reliance on imported coal. However, implementing PDP8 poses considerable challenges, including securing an estimated $13 billion annually for new power capacities and grid upgrades, expanding the power grid to accommodate more renewables, and managing the risk of dependence on imported liquefied natural gas (LNG). The success of this plan could provide a model for other middle-income countries undergoing similar energy transitions.

Keywords: Vietnam; Sustainable development; Energy transition; Carbon neutrality; Power Development Plan; Energy security; Just Energy Transition Partnership; Sécurité énergétique; Énergies renouvelables; Renewable energy; Développement durable; Transition énergétique; Neutralité carbone; Partenariat pour une Transition Énergétique Juste (search for similar items in EconPapers)
Date: 2024-04-12
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Published in Mondes en Développement, 2024, n° 205 (1), pp.115-136. ⟨10.3917/med.205.0115⟩

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Journal Article: Vietnam at the dawn of its energy transition (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04571483

DOI: 10.3917/med.205.0115

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