Vietnam has officially issued decision 768/QD-TTg, approving the amended national power development plan VIII (PDP VIII) for the 2021-30 period, with a vision toward 2050. The amended PDP VIII replaces Decision 500/QD-TTg of May 2023 and reflects Vietnam’s response to rapid economic growth and rising electricity demand. As per Decision 768, for 2030, the total installed capacity is now set at 183,291-236,363 MW, up to 57 per cent higher than the original 150,489 MW target under Decision 500, excluding exported capacity, rooftop solar, and new energy sources. For 2050, capacity is projected at 774,503 to 838,681 MW, nearly doubling previous estimates. Wind power receives a major boost: onshore and nearshore wind targets rise from 21,880 MW in 2030 to 26,066–38,029 MW, and from 60,050–77,050 MW by 2050 to 84,696–91,400 MW. Offshore wind (OSW) sees a domestic consumption increase to 6,000–17,032 MW by 2030-35 (delayed from the previous 2021-30 timeline), with the 2050 target rising to 113,503–139,097 MW from 70,000–91,500 MW as originally stipulated.. Nuclear energy is set to play a prominent role, with a projected capacity between 4,000 MW and 6,000 MW during the 2030-35 period, increasing to between 10,500 MW and 14,000 MW by 2050, contingent on various conditions being met.
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