How Vietnam’s Revised PDP8 is Reshaping National Energy Priorities

On 30 May 2025, Vietnam’s Ministry of Industry and Trade (MoIT) issued Decision 1509/QD-BCT (Decision 1509) to approve the Revised PDP8 Implementation Plan.

Based on the Revised PDP8 which was approved by the Prime Minister on 15 April 2025, Decision 1509 determines the detailed period of Power Generation/Transmission Grid projects in each city/province.

Additionally, Decision 1509 provides the list of:

Public investment projects
Projects using non-public investment capital
Projects using socialized capital (private funds)

Decision 1509 highlights Vietnam’s potential as one of the most promising energy markets in Southeast Asia for both local and international investors over the next decade, particularly in wind (onshore and offshore), solar, hydropower and nuclear power markets. Furthermore, this decision also outlines Vietnam’s ambition to become a “battery” of Southeast Asia through plans to export electricity to Malaysia, Singapore and other countries in this region.

Under this Legal Update, CNC will provide (i) the comparison table of power generation between the Revised PDP8 and the Original PDP8, and (ii) the capital mobilization plan under the Revised PDP8.

Power Generation		Capacity (MW) under Revised PDP8 (by 2035)	Capacity (MW) under Original PDP8 (by 2030)	Increased Capacity (MW)	Note	List of projects (under Appendix II.1 of Decision 1509)
Thermal Power	LNG	22.524 (by 2030)	22.400	124		Table 1
	Domestic Gas	14.930 (by 2030)	14.930	0		Table 6
	Coal-fired	31.055 (by 2030)	30.127	928		Table 3
	Co-generation	1.404 (by 2030) 3.204 (by 2035)	2.700	504	Including co-generation and generation using residual heat, blast furnace gas, byproducts of the technological chain.	Table 5
Renewable Energy	Hydropower	33.294 – 34.667	29.346	3.948 – 5.321	Not including Pumped-storage Hydropower.	Table 8
	Hydropower (Pumped-storage)	2.400 – 6.000	2.400	0 – 3.600		Table 9
	Wind (Onshore)	26.066 – 38.029	21.880	4.186 – 16.149	Including onshore and nearshore wind power.	Table 12 and 13
	Wind (Offshore)	6.000 (by 2030) 17.032 (by 2035)	6.000	11.032	Only including offshore wind for domestic supply.	Table 17
	Solar	46.459 – 73.416	–		Including concentrated and rooftop. Excluding any solar generation that: have no impact or negligible impact on the national electricity system; no connection or sales of electricity output to the national electricity system, except for cases involving electricity import or export; renovation or upgrading of power projects that do not increase capacity or voltage levels and do not require additional land use.	Table 14
	Biomass	1.523 – 2.699	1.088	435 – 1.611		Table 15
	Waste-to-Energy	1.441 – 2.137	1.182	259 – 955		Table 16
	Battery Storage	10.000 – 16.300 (by 2030)	300	9.700 – 16.000	The development of the concentrated solar system shall be associated with the installation of battery storage with a minimum capacity rate of 10% and 2-hour storage).	Table 11
Others	Nuclear	4.000 – 6.400	0	4.000 – 6.400		Table 10
	Flexible	2.000 – 3.000	300	1.700 – 2.700		Table 19
	Import (from Laos)	9.360 – 12.100 (by 2030)	5.000 – 8.000	1.360 – 7.100	Promoting electricity imports from ASEAN and GMS (Greater Mekong Subregion) countries which have significant potential in hydropower. Importing the reasonable electricity output from China. Prioritizing the import to the Northern Region of Vietnam.
	Export (to Cambodia)	400 (by 2030)	0	400		Table 19
	Export (to Singapore, Malaysia and other countries)	5.000 – 10.000	0	5.000 – 10.000		Table 19
	Renewable Energy for Export	5.000 – 10.000	5.000 – 10.000	0	The Central and Southern Region of Vietnam has the potential for power export.
	Renewable Energy for New Energy Production	15.000	5.000	10.000	Including green hydrogen and ammonia. Production for domestic supply and export. Prioritizing offshore wind power generation.

Comparison table of power generation between the Revised PDP8 and the Original PDP8

	Power Generation		Transmission Grid
	2025 – 2030	2031 – 2035	2025 – 2030	2031 – 2035
State-funded	USD 27.4 billion	USD 26.5 billion	USD 12.9 billion	USD 11.9 billion
Socialization (privately funded)	USD 90.8 billion	USD 87.6 billion	USD 5.2 billion	USD 4.0 billion
Total	USD 118.2 billion	USD 114.1 billion	USD 18.1 billion	USD 15.9 billion
	Note: Exchange rate: 24.355 VND/USD on 31 December 2024