PDP8
On May 15, the Prime Minister issued a decision approving the national electricity development plan for the period 2021-2030, with a vision to 2050 (PDP8).
Previously, the PDP8 was first submitted to the Prime Minister by the Ministry of Industry and Trade in March 2021. Since then, the Ministry of Industry and Trade has in turn made eight other submissions on this project, with the most recent being in November 2022.
Some figures:
(Decision 500)
In terms of capital, Vietnam will need nearly 135 billion USD to develop transmission power source and grid by 2030. Capital demand for electricity development (source, grid) will increase to 399 - 523 billion USD by 2050, of which over 90% for the construction of new power sources, the rest is for the transmission grid.