New Power Plan: Vietnam to Invest $136B in Energy Infrastructure by 2030

The Vietnamese government has officially approved adjustments to its national power development plan for the 2021–2030 period, with a long-term vision extending to 2050. The plan sets an ambitious roadmap to meet the country’s growing energy needs and accelerate its energy transition.

According to a statement from Vietnam Electricity (EVN), the primary goal is to ensure sufficient power supply to support an average annual GDP growth of around 10% during 2026–2030, and approximately 7.5% per year from 2031 to 2050.

To achieve this, Vietnam plans to invest approximately $136.3 billion from 2026 to 2030 in power generation and transmission infrastructure. Investment estimates for the 2031–2035 and 2036–2050 periods are projected at $130 billion and $569.1 billion, respectively.

By 2030, Vietnam targets commercial electricity output of 500.4 to 557.8 billion kilowatt-hours (kWh), total generation and imports between 560.4 and 624.6 billion kWh, and peak power capacity ranging from 89,655 to 99,934 megawatts (MW).

In a major push for distributed renewable energy, the government aims for 50% of office buildings and 50% of households to adopt self-generated rooftop solar power for on-site consumption within five years.

The plan also outlines a renewable energy generation share of 28% to 36% by 2030, rising to as high as 75% by 2050. This transition will be supported by the development of a smart grid to ensure stability and efficiency.

Vietnam also aims to position itself as a regional energy exporter, targeting electricity exports to Singapore, Malaysia, and other neighboring countries. By 2035, export capacity is expected to reach between 5,000 MW and 10,000 MW.

Additionally, the government plans to establish two interregional renewable energy industry and service centers by 2030, reinforcing its commitment to becoming a clean energy hub in Southeast Asia.