Vietnam recently announced a number of plans in the mineral sector
- Expand investment in mining and processing industries with advanced technology and modern equipment
- To use energy economically and efficiently; We will promote the coordinated development of various segments of the energy industry
Since July 2023, the Vietnamese government has announced three energy and mineral sector plans, including: Vietnam's National Oil and Gas Reserve and Supply Infrastructure Plan 2021-2030 and Vision 2050, Vietnam's Mineral Exploration, Exploitation, Processing and Use Plan 2021-2030 and Vision 2050, and Vietnam's National Energy Master Plan 2021-2030 and Vision 2050.
The Plan for Vietnam's National Oil and Gas Reserves and Supply Infrastructure from 2021 to 2030 and the Vision for 2050 aims to ensure national energy security, synchronously and rationally allocate various energy sources, and gradually form a diversified development pattern of energy sources. Encourage and create all favourable conditions for the participation of various economic sectors in energy development; Apply the results of scientific and technological development to all segments of energy development; To use energy economically and efficiently; Promote the coordinated development of various segments of the energy industry, promote the synchronous and intelligent development of infrastructure, reach the regional advanced level, and conform to the world's scientific and technological development trend; The successful implementation of the energy transition will make an important contribution to the goal of net-zero emissions by 2050.
The Plan for Mineral Exploration, Exploitation, Processing and Use of Vietnam from 2021 to 2030 and Vision 2050 aims to strengthen the development, processing and utilization of mineral resources, use mineral resources economically and efficiently, and strive to achieve the goal of carbon neutrality in combination with the needs of economic, environmental protection and climate adaptation. At the same time, investment will be expanded to form a mineral mining and processing industry that conforms to the world trend, is synchronous and efficient, has advanced technology and modern equipment.
The National Energy Master Plan for 2021-2030 and Vision for 2050 put forward a series of new mechanisms, including diversification of funding sources and investment forms, to create favorable conditions for enterprises of all economic sectors to invest in the energy sector; Promote the coordinated development of various segments of the energy industry and form a market-oriented mechanism for energy.
In addition, promote green growth and efficient use of energy, as well as low-carbon and circular economy development through the use of market tools and instruments; Promote research and application of new and renewable energy conversion. Editor/Xu Shengpeng
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