Politburo Resolution No. 70-NQ/TW dated August 20, 2025 on national energy security through 2030, with a vision to 2045, identifies energy security as a critical foundation for national development and an integral part of national security. The resolution stresses that energy development must be prioritised to support sustained economic growth of more than 10% in the coming years.

​Chairman of the Vietnam National Industry-Energy Group (Petrovietnam) Le Ngoc Son said Vietnam’s energy demand will continue rising sharply, creating enormous pressure on power generation investment. To sustain GDP growth of around 10%, electricity demand is expected to increase by 12-15% annually, requiring an additional 7,000-8,000 MW of new capacity each year.​

Dr. Nguyen Dinh Hoa from the Institute of Vietnam and World Economy said total energy consumption would need to increase by at least 8% to sustain double-digit economic growth. However, higher energy consumption would also raise the risk of greenhouse gas emissions.​

To ensure energy development stays ahead of economic demand while reducing emissions, Petrovietnam is focusing investment on LNG-to-power complexes. The Nhon Trach 3 and 4 projects, Vietnam’s first imported LNG-fired power plants, have already come into operation, marking an important step in the country’s energy transition.​

According to Son, LNG power centres should be developed at a scale of 3,000-5,000 MW instead of isolated projects of around 1,500 MW. Such a model could reduce LNG port and storage infrastructure costs by 20-30% and lower plant construction costs by about 10% through standardised designs. LNG facilities could also utilise cold energy generated during regasification to support data centres and improve investment efficiency.

Petrovietnam is also promoting large-scale eco-industrial and energy hubs by leveraging its integrated energy value chain. The group has proposed an eco-industrial energy centre in Vung Ang township in the central province of Ha Tinh, focusing on three pillars: LNG-based energy, industry, and logistics services.

In Can Tho city, Petrovietnam has proposed another eco-industrial energy hub in O Mon ward. Nguyen Van Tu, deputy director of the Vietnam Petroleum Institute, described the model as a strategic solution supporting energy security, food security, and the net-zero target while contributing to the development of Can Tho and the Mekong Delta.

Alongside these initiatives, Petrovietnam is accelerating research into offshore wind power, an area where Vietnam’s potential is estimated at 600-1,000 GW, far exceeding the country’s current total installed power capacity of about 85 GW.

Experts also called for stronger policy support for offshore wind surveys and mandatory regulations on energy efficiency. Dr. Hoang Xuan Quoc from the Vietnam Petroleum Association proposed treating offshore wind as a national resource, allowing State agencies to conduct preliminary surveys before auctioning project sites to investors. Meanwhile, Hoa stressed that compulsory energy-saving measures would be essential for Vietnam to honour its climate commitments while sustaining economic expansion./.

​Source: VNA