On April 15, 2025, Vietnam’s Prime Minister issued Decision No. 768/QĐ-TTg[1], marking a significant revision to the National Power Development Plan VIII (PDP8). This adjustment reflects Vietnam’s commitment to energy security, economic growth, and its net-zero emissions target by 2050. By understanding these changes, investors can identify new opportunities in Vietnam’s evolving energy landscape.

Key Changes in Vietnam’s Revised PDP8

With Vietnam’s rapidly expanding economy and the growing demand for a green transition, the government’s revised PDP8 represents a significant strategic shift from its previous framework. The updated plan introduces more ambitious renewable energy targets, reinstates nuclear power as a long-term option, and places greater emphasis on building a modern and resilient power infrastructure.

This revision not only broadens the scope of electricity generation targets for 2030 but also significantly raises production goals for 2050. Key sectors affected by these changes include solar power, wind power, liquefied natural gas (LNG) power, and nuclear energy, highlighting the government’s commitment to diversifying energy sources and enhancing long-term energy security.

Changes between PDP8 and the revised version in 2025

Source: B&Company’s synthesis from Decision 768/QĐ-TTg and Decision 500/QĐ-TTg

In terms of renewable energy power plant projects, the Revised PDP8 also proposes the addition of several new projects to meet Vietnam’s rapidly growing electricity demand.

Some renewable and clean energy projects added in the revised PDP8

Source: B&Company’s synthesis from Decision 768/QĐ-TTg, appendix III.1

In addition, the Revised PDP8 introduces several new medium and small-scale hydropower projects and outlines plans to allocate additional wind power plants across various provinces, including Son La, Dien Bien, Bac Kan, Yen Bai, Quang Ninh, and others. Notably, the decision also calls for the deconstruction of several solar power plants that have severely deteriorated and are no longer aligned with current energy development needs. At the same time, the government has approved the renovation and upgrading of existing electricity generation facilities and renewable energy plants in various provinces across the country.

Alongside power generation planning, the government is also prioritizing the expansion of the national power grid. This includes specific directions to upgrade and expand existing infrastructure, develop new 500 kV and 220 kV transmission lines, and construct new HVDC converter stations and high-voltage substations across all three regions of Vietnam.

Conclusion

The Government is substantially raising renewable energy targets, reintroducing nuclear power, prioritizing energy storage, and including various clean energy projects through the Revised PDP8. With a clear focus on expanding various forms of clean energy, Vietnam is actively working toward its net-zero emissions goal by 2050, positioning itself as a frontrunner in Asia’s clean energy transition.

[1] The Government Portal (2025). Decision No. 768/QD-TTg: Approval of the Revised National Power Development Plan for the Period 2021–2030, with a Vision to 2050 <Access>