Modernization

Vietnam grid modernization

In April 2025, Vietnam approved Decision No. 768/QD-TTg, updating the National Power Development Plan VIII (PDP8) to reflect evolving market conditions and reinforce the country's commitment to sustainable growth and energy security. This marks the first year of implementing the 2026-2030 five-year strategic development plan in a new. . rt Grid Development Roadmap defined by Prime Minister Decision No. Since that time, Viet Nam's policies and energy sector has evolved with significant growth in renewable energy and expectations for scaling up of energy storage t chnologies, wider use of electric. . Vietnamese authorities are looking to retroactively revise purchase prices for 173 solar and wind projects, reducing revenues by 25% to 46%, risking bankruptcies across the renewable energy sector, and jeopardizing investor confidence needed to meet the government's 2030 targets of 73 gigawatts. . In April 2025, Vietnam approved Decision No. 27 million in 2024 and is anticipated to reach USD 467. 51% during the forecast period (2024-2032). The government's. . HCMC – Vietnam's Ministry of Industry and Trade today, April 28, announced the revised National Power Development Plan for 2021-2030, with a vision extending to 2050.