According to the proposed growth scenarios, by 2030, the total power capacity of the system will increase more than twice as much as it is now, meaning that each year more than 10,000 MW of new power sources will need to be put into operation.

According to the adjusted Power Plan VIII , the total system capacity is estimated to reach over 183,000 MW by 2030. The plan also aims to strongly develop renewable energy with the proportion of renewable electricity excluding hydropower expected to account for 28 – 36%. Of which, 2 nuclear power plants will be officially deployed and put into operation.

According to the proposed growth scenarios, by 2030, the total power capacity of the system will increase more than twice as much as it is now, meaning that each year more than 10,000 MW of new power sources will need to be put into operation. With a focus on developing renewable energy projects and new power sources, by 2030, Ninh Thuan 1 and 2 nuclear power plants with a scale of 4,000 to 6,400 MW will also be put into operation, contributing to ensuring a stable base power source for the system in the coming period.

Mr. Hong Sun – Honorary Chairman of the Korean Business Association in Vietnam said: “Almost all sectors are in great need of energy. Therefore, efforts to promote energy development are extremely necessary and very timely.”

According to the assessment, the addition of clean energy sources and nuclear power is appropriate and meets the growth needs in the coming period. However, with a time period of more than 5 years for implementation, in addition to technological solutions, the investment process also needs to be adjusted accordingly.

Associate Professor, Dr. Vuong Huu Tan – Former Director of the Vietnam Atomic Energy Institute said: “There must be very specific regulations on the types of licenses that nuclear power plants need to have, from location, design, construction, trial operation, official operation… these are very important licenses for investors to know so that they can complete and the management agency can evaluate, on that basis, licenses can be issued for them to implement, avoiding being delayed due to our slow legal procedures”.

To complete the goals set out in the revised Power Plan VIII, it is estimated that the total investment capital for the power sector in the 2026-2030 period will require about 136 billion USD, an average of 27 billion USD per year. Therefore, mobilizing non-budgetary capital sources to reduce pressure on the economy is a requirement.