Vietnam approves $136 billion power plan to expand renewables, nuclear energy

Vietnam’s revised National Power Development Plan (PDP8) strengthens renewable energy development. (Photo: iStock)

Vietnam officially approved a revised version of its National Power Development Plan (PDP8) on April 15, allocating $136.3 billion by 2030 to strengthen long-term energy security.

The updated roadmap not only boosts the share of renewable energy but also, for the first time, includes nuclear power. The country’s total installed capacity is set to increase by up to 236 GW, representing a 50% rise from the previous approved version.