According to its newly issued national plan in the fields of energy and mining, the Southeast Asian country aims to ensure the country's energy security and development of forms of energy in a systematic, suitable and diverse manner, Xinhua quoted the local newspaper Vietnam News report on Friday, citing the plan.
The plan noted that the country will promote investment and establish harmonious and effective extraction and processing methods using advanced technology and modern equipment in conformity with the trends of the world. The national energy master plan aims to create favourable conditions for all economic sectors to engage in energy development while underlining the need for implementing digital transformation in the field of energy, the newspaper reported.
Under the plan, the total national oil and petroleum reserves, including crude oil and products, are expected to rise to 75-80 days of net imports by 2030 and gradually to 90 days from then on. By the end of 2022, Vietnam's total installed power capacity was almost 77,800 megawatts , an increase of 1,400 MW against 2021. Renewable energy comprised 26.4 per cent, or 20,165 MW, according to the country's Ministry of Industry and Trade. - Bernama-Xinhua