Vietnam aims for renewables to reach 25–30% by 2030. (Photo: iStock)
Vietnam is doubling down on its energy ambitions, with the Communist Party’s Politburo issuing a new resolution that underscores energy as the foundation of economic growth. The resolution calls for boosting installed generation capacity while lifting the share of renewables to over 25%, raising power reliability and access to a top-three ranking within ASEAN, and implementing direct power purchase agreements (DPPA) to encourage private-sector investment.
Vietnam targets over 25% renewables, cuts emissions by up to 35%
Party General Secretary To Lam signed Resolution No. 70-NQ/TW on August 20, setting out the nation’s five-year energy roadmap. It emphasizes a competitive, transparent market prioritizing renewable, new, and clean energy while safeguarding energy security.
By 2030, Vietnam aims to raise unprocessed primary energy supply to 150–170 million tons of oil equivalent, installed capacity to 183–236 GW, and generation to 560–624 billion kWh. Renewables are expected to make up 25–30% of total supply, helping reduce carbon emissions by 15–35% compared to business-as-usual. Nuclear power development is also supported under the plan.
The resolution further calls for smarter power systems to boost efficiency, with the goal of achieving ASEAN top-three status in electricity reliability and coverage. By 2045, Vietnam seeks to establish a modern, competitive, and sustainable energy industry integrated with regional and global markets.
Vietnam wants to be one of ASEAN's top three in electricity reliability and coverage.（Photo:EVN）
Two-Part Tariffs seen as key to advancing DPPA
To promote competition, the Politburo instructed authorities to expand retail power options and implement DPPA nationwide. Vietnam Electricity (EVN) reports about 7,700 customers, representing 40% of total consumption, qualify for direct purchase agreements.
EVN CEO Nguyen Anh Tuan said at a September 4 meeting that plans are being drawn up to improve pricing mechanisms and policy frameworks, including introducing a two-part electricity tariff. This would separate fixed charges based on registered capacity from variable charges based on consumption, reducing cross-subsidies between customer groups.
Currently, Vietnam applies a single tariff regardless of consumption levels, which does not reflect actual generation costs. The Ministry of Industry and Trade is drafting regulations for a phased rollout starting in early 2026, beginning with large DPPA customers and extending nationwide by 2027.
Former Deputy Director of the Energy Institute Ngo Duc Lam stressed that two-part tariffs are crucial to implementing DPPA and building a competitive power market.
Source: Vietnam News(1)、(2)、VnEconomy
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