Want to be in the loop?
subscribe to
our notification
Business News
SOLAR DATA SCRUTINY THE LATEST PAIN POINT FOR PDP PROGRESS
The country’s Power Development Plan VIII is now roughly three years behind schedule and way off the prime minister’s demand that “preparation must be one step ahead” because of disparities in solar power statistics.
Last week, at the demand of Deputy Prime Minister Tran Hong Ha, the Ministry of Industry and Trade (MoIT) was requested to explain the accuracy of solar power statistics in the national Power Development Plan VIII (PDP8) for this decade. The MoIT has drafted the PDP8 six times thus far.
Ha also requested that the MoIT again explain the shift from PDP7 to PDP8, with the emphasis on solar and wind power, owing to discrepancies between the MoIT and Government Inspectorate data.
Prior to mid-2022, the inspectorate looked at the adoption of renewable energy power projects in the amended PDP7, with a particular emphasis on solar energy. According to the MoIT, the inspector general believes that only completed projects with undetermined power rates, projects with signed contracts for equipment procurement, and projects under construction with a total capacity of approximately 636MW should be included in the PDP8.
Approximately 30 meetings have been held to discuss and make comments on the draft PDP8 under the leadership of Le Van Thanh, another DPM. The draft PDP8 has been twice accepted by the National Appraisal Council, but the prime minister has not yet authorised it.
In the draft PDP8 that was submitted to the government in 2021, solar power capacity will remain at 8,736MW towards 2030. A number of projects already included in the revised PDP7, totalling approximately 6,200MW, will be delayed until after 2030.
However, at the end of May 2022, the MoIT requested guidance from the government on how to address the total number of solar power projects that have to be postponed until then. These are projects included in planning, approved for investment, or included in planning but not yet approved for funding, with a combined capacity of approximately 4,100MW.
This proposal differs from previous reports, and the prime minister requested the MoIT’s viewpoint on the direction of processing.
In an explanation provided to the prime minister in July last year, the MoIT recommended deploying about 2,428MW for commercial operation until 2030. With an estimated total investment of around $500 million, the projects or portions of solar power plants whose development has been completed amount to over 450MW. There are about 1,980MW of projects that have been designed and authorised by investors but have yet to be implemented.
The MoIT indicated that the rationale for proposing to continue developing the aforementioned projects is to “avoid legal concerns, litigation, and compensation for investors”. If these projects are authorised by the prime minister and permitted to continue deployment, the system’s total power capacity would reach about 133,900MW by 2030 under the basic plan and 148,350MW under a high-load scenario.
Now, the MoIT wants to continue developing solar power projects with a total capacity of over 4,136MW that are now in the planning stages but have not yet been authorised by investors. These projects are expected to be in the planning stages until 2030.
These projects, according to the ministry, if implemented by 2030, would raise the proportion of renewable energy in the grid by nearly 26 per cent. This impacts the safety and reliability of the power system as well as the economic functioning of existing hydroelectric, thermal, and gas resources.
In March 2021, the MoIT first presented the draft PDP8 to the prime minister. Nevertheless, the calculated plan at the time was not accepted due to deficiencies in the size of power source growth, the structure of power sources, and the illogical regional balance. This results in substantial interregional transmission grid investment.
The plan was confronted with the greatest difficulty of guaranteeing energy supply security and providing sufficient electricity to fulfil the needs of socioeconomic development while improving its quality.
Minister of Industry and Trade Nguyen Hong Dien said during a private session of the National Assembly in October 2022 that the PDP8 is sluggish in terms of the move towards sustainable energy sources.
Minister Dien, who has presented a PDP8 draft to the government three times, said, “Constructing a PDP8 is like painting over an existing artwork. It has to reconcile the organisation of power sources with the framework of regions and provide coordination between supply, distribution, and planning.”
Vietnam hopes to achieve industrialisation by 2030. The MoIT predicts the 2030 electricity demand under three scenarios that correspond to each period’s GDP growth.
The MoIT recommends that the PDP8 performs under a high-load scenario with a stockpile of 15 per cent of the power capacity if the growth in large-capacity power sources falls short of the plan by only 85 per cent. This means that the electricity load will increase by 9.84 per cent per year from 2021 to 2025, which corresponds to a GDP growth rate of 7.5 per cent per year from 2021 to 2025 and 8.88 per cent per year from 2026 to 2030, with a GDP growth rate of 7.2 per cent per year from 2026 to 2030.
The installed output of power plants under this option will reach 145,930MW by 2030, exclusive of solar energy and co-generation sources.
According to data compiled by MoIT, 175 solar power projects with a combined capacity of 15,300MW have been approved and are undergoing planning. At the end of 2020, 131 projects with a total capacity of 8,735MW were in operation.
Source: VIR
Related News
VIETNAM’S SEAFOOD EXPORTS HIT OVER US$10 BILLION IN JAN-NOV
Seafood export revenue in November alone amounted to nearly US$990 million, up 6.6% year-on-year. Key product groups posted solid gains. Shrimp exports rose 11.7% to over US$385 million, supported by strong demand for whiteleg shrimp and lobster. Tra fish shipments increased 9.7% to almost US$197 million, while marine fish, squid, and mollusk exports maintained their recovery.
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS HIT NEW RECORD IN JAN-NOV
Vietnam’s agro-forestry-fishery export revenue reached an estimated US$64.01 billion in the first 11 months of 2025, up 12.6% year-on-year and surpassing the full-year record of US$62.4 billion set in 2024. Agricultural exports reached US$34.24 billion, up 15% year-on-year, while livestock products brought in US$567.4 million, a 16.8% increase. Seafood exports rose 13.2% to US$10.38 billion, and forestry products earned US$16.61 billion, up 5.9%.
HANOI REPORTS RECORD-HIGH BUDGET REVENUE IN 2025
Hanoi’s budget revenue is estimated to reach VND641.7 trillion in 2025, the highest level ever recorded and nearly 25% above the revised target, according to a report by the municipal government. Data from the city’s socioeconomic performance review shows that total state budget collections in 2025 are projected to reach 124.9% of the adjusted plan and rise 24.9% from 2024, the Vietnam News Agency reported.
VIETNAM, CHINA TO PILOT TWO-WAY CARGO TRANSPORT AT LANG SON BORDER
Vietnam and China will launch a one-year pilot program on December 10 to allow two-way cargo transport through the Huu Nghi–Youyi Guan international border gates in Lang Son Province, reported the Vietnam News Agency. The Dong Dang-Lang Son Economic Zone Management Board said the trial aims to reduce transport costs and improve customs clearance capacity.
VIETNAM’S IMPORT-EXPORT VALUE NEARS US$840 BILLION IN JAN-NOV
The total value of Vietnam’s imports and exports was nearly US$840 billion between January and November this year, the highest level ever recorded, according to the National Statistics Office. In its latest report on the country’s socio-economic performance, the National Statistics Office highlighted a series of positive economic indicators, with trade emerging as one of the strongest drivers of growth.
OVER 19 MILLION INTERNATIONAL VISITORS COME TO VIETNAM IN JAN-NOV
Vietnam received more than 19.1 million international visitors in the first 11 months of 2025, a 20.9% increase year-on-year and the highest level ever recorded, according to the National Statistics Office. The figure surpasses the full-year record of 18 million arrivals set in 2019, before the Covid-19 pandemic. Nearly two million foreign visitors arrived in November alone, up 14.2% from October and 15.6% from the same period last year.
























