Want to be in the loop?
subscribe to
our notification
Business News
MORE THAN $10 BILLION PER YEAR TO DEVELOP THE POWER SOURCES AND GRID IN THE 2021-2030 PERIOD
The demand for investment capital for the development of power sources and grids will average US$10-11.5 billion per year by 2030.
This is stated in the draft national electricity development planning for 2021-2030, with a vision to 2045 (power planning VIII) that has just been submitted to the Government by the Ministry of Industry and Trade after many revisions and reviews.
According to the draft, the total investment capital required to implement the electricity development programme will be about $99 - 116 billion in the 2021-2030 period, equivalent to US$10-11.5 billion per year.
In which, the average capital for power source development is $8.57-10.15 billion per year; while the capital for the transmission grid is about $1.36-1.44 billion a year.
The power planning this time is developed with the aim of ensuring an adequate supply of electricity in the country, meeting the socio-economic development goals of the whole country with an average GDP growth rate of about 6.6 per cent per year in the 2021-2030 period and about 5.7 per cent per year in the 2031-2045 period.
Among the set targets, exploiting and effectively using renewable energy sources for electricity production is a priority, increasing the proportion of electricity produced from renewable energy sources to about 11.9. - 13.4 per cent by 2030 and about 26.5 - 28.4 per cent by 2045.
The power source development plan by 2025 targets that the total capacity of power plants will be about 102,590 - 105,265MW.
Of which, hydroelectricity will reach 25,323 megawatts (MW), accounting for 24.1 - 24.7 per cent; coal-fired power plants 29,679MW, accounting for 28.2 - 28.9 per cent; gas thermal power (including LNG) 14,117MW, accounting for 13.4 - 13.7 per cent; renewable energy sources 29,618 - 31,418MW, accounting for 28.9 - 29.8 per cent; and electricity imports 3,853 - 4,728MW, accounting for 3.7 - 4.5 per cent.
By 2030, the total capacity of power plants will be about 130,371 - 143,839MW and the total capacity of power plants will be about 261,951-329,610MW by 2045.
Source: VNS
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
VIETNAM ECONOMY INVESTMENT
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
BANKING / FINANCE / INSURANCE / TAX
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
VIETNAM ECONOMY INVESTMENT
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
Events Sponsors
