The upcoming revision to Vietnam’s Power Development Plan 8 (PDP8) is a necessary step toward a more economically viable and sustainable energy future.
At Indochina Energy Partners (IEP), we support the government’s decision to significantly reduce the role of offshore wind and liquefied natural gas (LNG) in the plan—technologies we have long maintained are too costly and unnecessary for Vietnam’s current energy needs. Read our original 2022 commentary here: ASEAN Wind Energy x Solar PV Show Vietnam 2022
Unlocking Renewable Investments: Financing is Not the Problem By prioritizing onshore and nearshore wind, together with a strong Direct Power Purchase Agreement (DPPA) framework, Vietnam can unlock substantial investment in renewable energy—without the financial burden of high Feed-In Tariffs (FITs) that have contributed to EVN’s operating losses. A shift toward market-based mechanisms will improve bankability and accelerate project deployment across the country.
Regional Power Imports: A Smart Strategy We also support the plan’s increased focus on electricity imports from Laos and China. Mature power grid economies like Denmark leverage cross-border trade for grid stability and economic efficiency. Vietnam can benefit from a similar approach—reducing costs and optimizing power resources through regional collaboration, rather than relying solely on domestic supply.
Stay tuned for Part 2, where we take a closer look at Vietnam’s current energy consumption and what it means for future planning.
At Indochina Energy Partners, we remain committed to supporting Vietnam’s transition to cost-effective, clean energy solutions—working closely with commercial and industrial partners to navigate this evolving landscape.
Source: https://vir.com.vn/energy-moves-can-ensure-confidence-134733.html Fuelled by generous feed-in tariffs, Vietnam’s renewable energy saw an unprecedented boom in
