Vietnamese Deputy Prime Minister Tran Hong Ha approved the National Energy Master Plan (NEMP) for the period 2021-2030 on the 27th. The plan has three main goals: ensuring national energy security, achieving a just transformation and development of energy, and developing domestic energy resources.
The following is the specific content of NEMP.
Guarantee national energy security
- Satisfy domestic energy demand and achieve an average annual growth rate of approximately 7% in Vietnam's GDP from 2021 to 2030, and approximately 6.5% to 7.5% from 2031 to 2050.
- Final energy demand is projected to reach 107 million MT of oil equivalent by 2030 and 165-184 million MT by 2050. Meanwhile, primary energy supply is expected to reach 155 million MT of oil equivalent by 2030 and 294-311 million MT by 2050.
