Vietnam Revises National Energy Security Action Plan

On November 10, the Vietnamese government adopted Resolution No. 361/NQ-CP, revising some tasks in the national energy security action plan attached to Resolution No. 328/NQ-CP of October 13, 2025. The plan implements a resolution of August 20, 2025, on ensuring national energy security through 2030, with a vision to 2045. The new resolution calls on the Ministry of Industry and Trade and local governments to strengthen oversight of energy planning and project implementation, ensuring project quality and timely completion.

The Vietnamese government has revised some tasks in its national energy security action plan.（VietVance）

On policy support, the Ministry of Industry and Trade is responsible for drafting measures to support households installing rooftop solar systems for their own production and consumption, along with energy storage systems. Relevant agencies must, within their respective mandates, introduce preferential investment credit policies for green and clean energy and new technology projects, as well as research, development and production involving energy storage systems and domestically made energy equipment. The resolution also calls for stronger policies encouraging large electricity users to recover energy for power generation, develop waste-to-energy systems and improve energy efficiency.

Electricity market reforms have specific deadlines: the Ministry of Industry and Trade must complete its review and revision of the competitive wholesale electricity market design by December 2026 and the competitive retail electricity market design by June 2027. It must also study a two-part retail electricity tariff and report to the prime minister in 2026. The resolution calls for research into an implementation roadmap and regulations for a renewable energy certificate market in 2026–2027. During the same period, Vietnam Electricity must develop a smart grid plan for 2026–2030.

On energy supply, the Ministry of Finance, the Ministry of Industry and Trade and local governments must, within their respective authority, establish penalties for investors who register energy projects but delay or fail to implement them in 2026–2030, thereby affecting national energy security. The Ministry of Industry and Trade is also responsible for advancing research into exploration technologies for the Red River coal basin and developing national storage facilities for crude oil, petroleum products, natural gas and coal in 2025–2030.

The resolution also provides for establishing a carbon credit trading mechanism, developing a domestic carbon market and connecting it with international markets in 2025–2026. It calls for improvements to the legal framework for carbon capture, storage and reuse. Power plant investors must upgrade exhaust gas and wastewater treatment systems in 2025–2030. Energy project investors must establish risk management and climate change response mechanisms covering site selection, design and operation.

Source: VietVance