Vietnam has enacted its strategic orientations for energy development through to 2030 and with a vision for the next quarter of a century, encouraging more of the private sector to develop for the future, and ensuring energy security to meet new demands.
|The country is to prioritise both wind and solar energy, and encourage deep investment in the sector, among others. Photo: Shutterstock
Under the Politburo’s recently-enacted Resolution No.55 NQ/TW on the country’s development strategy for energy over the next 10 years and with a vision towards 2045, targets have been set for sufficient and stable supply energy with reasonable prices, as well as accelerated development of a comprehensive, competitive, and transparent energy market, and diversified ownership and business models.
Doan Van Binh, director of the Institute of Energy and Science at the Vietnam Academy of Science and Technology, said that since implementing 2007’s Resolution No.18 NQ/TW, which had a vision towards 2050, specific goals have been reached. However, the international and domestic context requires an energy strategy with breakthrough solutions that meet the country’s new development and integration requirements. “The new resolution played an important role as it pointed out weakness during the past and the reason for these. But new situations force us to restructure,” said Binh.