On March 12, 2024, Vietnamese Prime Minister Pham Minh Chinh urged Électricité de France (EDF) to increase investments in green and clean energy projects, including nuclear power. Vietnam aims for an 8% or higher economic growth rate in 2025, projecting a 12-16% annual increase in electricity demand.
The government issued Decree No. 58/2025/ND-CP, prioritizing renewable energy projects with electricity storage connected to the national grid during peak hours. The decree supports R&D in solar panels, wind turbines, and power conversion equipment. Incentives are offered for projects generating electricity from green hydrogen or green ammonia and supplying power to the grid.
Vietnam has restarted investment plans for the Ninh Thuan 1 and Ninh Thuan 2 nuclear power plants, seeking partners for technology transfer. The country aims for net-zero emissions by 2050, transitioning from fossil fuels to renewable energy and nuclear power.