The Government of Vietnam has approved the revision of its National Energy Master Plan for 2021–2030 with a vision to 2050. The decision, signed by Deputy Prime Minister Bui Thanh Son on August 4 under Decision No. 1654/QD-TTg, aims to align energy development with the country’s socio-economic goals and climate commitments.
The updated plan will span oil and gas, coal, electricity, and renewable energy, covering the full value chain from exploration to consumption. It seeks to ensure energy supply meets the needs of industrialisation and modernisation while phasing out subsidies, boosting efficiency, diversifying sources, and enhancing market competition. The strategy also highlights regionally balanced development and deeper integration of Fourth Industrial Revolution technologies.
A central focus is on environmental sustainability, calling for the energy sector to contribute actively to national climate change mitigation and green growth.