To approve Vietnam National Energy Master Planning

To approve Vietnam National Energy Master Planning (Internet image)

To approve Vietnam National Energy Master Planning 

The content mentioned in Decision 893/QD-TTg in 2023 approving the National Energy Master Planning for the period 2021–2030, with a vision to 2050, issued by the Prime Minister of Vietnam.

**Overall objectives

- Firmly ensure national energy security, meet the requirements of socio-economic development and industrialization, modernize the country, ensure national defense and security, and improve people's living standards and ecological environment protection.

- The successful implementation of the energy transition plays an important role in meeting the net zero emissions target by 2050; The energy industry develops harmoniously among sub-sectors with synchronous and intelligent infrastructure, reaching the advanced level of the region, in line with the world's scientific and technological development trend.

- Developing an independent and self-sufficient energy industry; forming an overall energy industry ecosystem based on renewable energy, new energy, aiming to become a clean energy industry center and renewable energy exporter in the region.

**Detail objectives

- Regarding ensuring national energy security

+ Supplying enough domestic energy demand, to meet socio-economic development objectives with an average GDP growth rate of about 7%/year in the period of 2021–2030 and about 6.5–7.5%/year in the period of 2031–2050:

++ Total final energy demand will be 107 million tons of oil equivalent by 2030 and 165–184 million tons of oil equivalent by 2050.

++ Total primary energy supply will be 155 million tons of oil equivalent in 2030 and 294–311 million tons of oil equivalent in 2050.

+ Raising the total petroleum reserve of the country (including crude oil and products) to 75–80 days of net import by 2030. Orientation after 2030, consider gradually increasing the reserve level to 90 days of net import.

- Regarding fair energy conversion

+ The proportion of renewable energy in total primary energy will be 15-20% in 2030 and about 80–85% in 2050.

+ Energy savings of about 8–10% in 2030 and about 15-20% in 2050 compared to the normal development scenario.

+ The level of greenhouse gas emissions is about 399–449 million tons in 2030 and about 101 million tons in 2050.
The target of reducing greenhouse gas emissions by 17–26% by 2030 is about 90% by 2050 compared to the normal development scenario. Towards peak emissions by 2030, provided commitments under the JETP are fully and substantively implemented by international partners.

- On the development of the energy industry

+ Efficiently exploiting and using domestic energy resources.

+ Crude oil production in the period of 2021–2030 will reach 6.0–9.5 million tons/year. Orientation for the period 2031–2050 to reach 7.0–9.0 million tons/year.

+ Production of natural gas in the period 2021–2030 will reach 5.5–15 billion m3/year. Orientation for the period 2031–2050 to reach 10–15 billion m3/year.

+ Coal mining output in the period 2021–2030 is about 41–47 million tons of commercial coal/year. Orientation period: 2031–2050; about 39 million tons of commercial coal by 2045, about 33 million tons of commercial coal by 2050. Striving to put into operation and trial mining in the Red River Coal Basin before 2040 and proceed to industrial-scale mining before 2050 (if the test is successful).

+ Focusing on developing the energy industry towards becoming a clean energy industry center and exporting renewable energy of the region, to form and develop renewable energy centers in regions and localities with advantages:

++ Striving to 2030, forming and developing a number of clean energy centers, including energy production and use, the renewable energy equipment manufacturing industry, oil and gas processing, construction, installation, and related services in the North, the South Central, and the South when conditions are favorable.

++ Developing new energy production to serve domestic and export demand. Striving to 2030, the capacity of green hydrogen production is about 100–200 thousand tons/year. Oriented to 2050, the scale of green hydrogen production capacity is about 10–20 million tons/year.

More details can be found in Decision 893/QD-TTg in 2023.

Duong Chau Thanh

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