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Vietnam to invest $136.3 billion in power sector by 2030
- 7 days ago (2025-04-18)
- David Flin
The Vietnam government has announced its intention to increase installed capacity, which stood at 80 GW in 2023, to between 183 GW and 236 GW by 2030. It will focus on developing renewable energy and re-introduce nuclear power under the country’s amended national power plan, which outlines an investment of $136.3 billion. The plan intends to reduce the country’s reliance on coal.
WBE 2025
The first nuclear power plants, providing up to 6.4 GW, are expected to be online between 2030 and 2035. Vietnam is exploring the use of SMRs, and is in discussions with Japan, South Korea, France, and the USA. Japanese contractors are being prioritised, but Vietnam said that it remains open to competitive offers.
The national power plan also intends for solar power to form between 25.3-31.1 per cent of capacity by 2030, up from 23.8 per cent in 2020. Wind energy is expected to rise to 14.2 per cent from almost zero.
Offshore wind is set to generate 6 GW to 17 GW by 2030, though no facilities have yet been built.
Coal-fired plants will decrease to 13.1-16.9 per cent.