bet88 kèoVietnam requires -18 billion a year for investment in power projects through 2035

Vietnam will require an annual investment of around –18 billion from now until 2035 bet88 kèo implement its revised National Power Development Plan (PDP VIII), the Vietnam News Agency quoted the Ministry of Industry and Trade as reporting on May 2.

This amount will rise bet88 kèo approximately billion per year thereafter.

The updated PDPVIII, approved under Prime Ministerial Decision No. 768/QD-TTg, dated April 15, 2025, outlines ambitious targets bet88 kèo ensure national energy security and meet economic growth demands.

The country aims bet88 kèo supply sufficient electricity bet88 kèo support average GDP growth of 10% per year between 2026 and 2030, and 7.5% per year from 2031 bet88 kèo 2050.

According bet88 kèo the updated PDPVIII, by 2030, Vietnam’s commercial electricity consumption is expected bet88 kèo reach 500.4–557.8 billion kWh, rising bet88 kèo 1,237.7–1,375.1 billion kWh by 2050. The total power generation and imports are projected at 560.4–624.6 billion kWh by 2030, with a 2050 forecast of 1,360.1–1,511.1 billion kWh.

Peak load capacity is forecast bet88 kèo hit 89,655–99,934MW by 2030 and 205,732–228,570MW by 2050.

The plan also places strong emphasis on reliability and resilience. It sets the goal of achieving N-1 reliability standards for critical load areas and N-2 for highly critical zones and nuclear power facilities by 2030.

N-1 means the power grid can handle the failure of one component without disruption, while N-2 ensures reliability even if two critical elements fail.

Vietnam is aiming bet88 kèo be among the top four ASEAN countries for electricity reliability and in the top three for ease of electricity access.

bet88 kèo support the plan’s rollout, Minister of Industry and Trade Nguyen Hong Dien has called on EVN and relevant agencies bet88 kèo review pricing regulations and adopt market-based electricity pricing mechanisms bet88 kèo attract investors. Local departments are tasked with updating local power projects in line with increased capacity projections in the revised PDP VIII.

The minister also urged stronger communication efforts bet88 kèo build public consensus around the plan and called for more frequent inspections of power generation and grid projects, bet88 kèo ensure timely implementation.

Authorities have been instructed bet88 kèo address project delays by replacing stalled developments with more feasible alternatives.

Vietnam is also pushing for increased rooftop solar adoption, aiming for 50% of office buildings and residential homes bet88 kèo use self-produced, self-consumed solar power by 2030 – without feeding back into the national grid.