Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Wednesday, November 25, 2020

Government plans to improve energy production

Updated: 07:35’ - 06/11/2020
The Government leader has recently issued a plan of action to implement the national strategy for energy development through 2030 adopted under the Party Central Committee’s Resolution 55-NQ/TW dated February 11, 2020, striving to meet the domestic energy demand and achieve the targets of the 10-year socio-economic development strategy for the 2021-30 period.

Under the plan of action, issued under Resolution 140/2020/NQ-CP, it is expected that the total primary energy supply will reach 175-195 million tons of oil equivalent (TOE) by 2030 and 320-350 million by 2045.

Meanwhile, in the next decade, the total output of power sources will increase to about 125-130 GW and power output to 550-600 billion kWh.

It is also expected to raise the percentage of renewable energy sources to 15-20 percent of the total energy supply by 2030 and 25-30 percent in the subsequent fifteen years.

In addition, the total final consumption will reach 105-115 million TOE by 2030 and 160-190 million TOE by 2045, while primary energy intensity will be 420-460 kgOE/1,000 USD GDP by 2030, and 375-410 kgOE/1,000 USD GDP by 2045.
The ratio of energy saving to gross final consumption compared to the normal development scenario will be increased to around 7 percent by 2030 and 14 percent by 2045.

The Government also targets to reduce greenhouse gas emissions from energy production activities against the normal development scenario by 15 percent and 20 percent by 2030 and 2045.

In a vision toward 2045, the Government will synchronously develop elements of a competitive and transparent energy market suitable to  the socialist-oriented market economy; and ensure sustainable development of energy sub-sectors, efficient utilization of natural resources, environmental protection, and adaption to climate change.

The Government will also focus on ensuring the quality of human resources, technological and scientific level and administration capacity of the energy sector in order to attain the level of the developed countries.- (VLLF)

 

Send Us Your Comments:

See also:

Video

Vietnam Law & Legal Forum