Approval of the revised national energy master plan to 2030, with a vision to 2050

Development orientations

1. Align energy development with socio - economic strategies, ensuring sustainability and system optimization.

2. Efficiently utilize domestic resources while combining with energy imports to ensure energy security.

3. Develop a competitive and transparent energy market, gradually removing subsidies.

4. Ensure balanced development across energy sectors and regions, promoting renewable and clean energy.

5. Apply advanced technologies to improve efficiency and energy savings.

6. Integrate energy development with environmental protection and climate change response.

General objectives

1. Ensure national energy security and a stable, high - quality energy supply.

2. Efficiently exploit domestic resources combined with reasonable imports.

3. Promote energy transition towards net-zero emissions by 2050.

4. Develop a modern, synchronized energy system aligned with ASEAN standards.

5. Build a competitive, transparent, and efficient energy market.

6. Strengthen domestic energy industry capacity and develop a renewable energy ecosystem.

Specific targets

1. Meet energy demand for socio-economic development (GDP growth of around 10% annually in 2026 - 2030):

- Final energy consumption: 120 - 130 million toe by 2030, 175 - 200 million toe by 2050;

- Primary energy supply: 150 - 170 million toe by 2030, 210 - 250 million toe by 2050;

- Strategic petroleum reserves: around 90 days of net imports by 2030.

Just energy transition

1. Renewable energy share: 25 - 30% by 2030, 70 - 80% by 2050.

2. Energy savings: 8 - 10% by 2030.

3. GHG emissions reduction: 15 - 35% by 2030.

4. Energy sector emissions: 433 - 474 million tons CO₂e by 2030, about 101 million tons by 2050.

5. Target emissions peak by 2030, subject to full implementation of JETP commitments.

Domestic and imported energy supply

1. Crude oil production: 5.8 - 8.0 million tons/year (2026 - 2030).

2. Natural gas production: 5.4 - 11 billion m³/year (2026 - 2030).

3. Develop LNG import infrastructure to support gas-fired power and other demand.

4. Expand and integrate coal infrastructure systems.

Energy industry development

1. Develop Vietnam into a regional clean energy and renewable energy export hub.

2. Establish clean energy centers in key regions.

3. Develop hydrogen production: 100,000 - 200,000 tons/year by 2030, 10 - 20 million tons/year by 2050.

The revised plan also outlines land use orientation, environmental protection measures, and resources for implementation./.