Notice 92/TB-VPCP 2022 on the Permanent Government's conclusion on the National Power Development Plan for the 2021-2030 period, with a vision toward 2045 (Power Development Plan VIII)

NOTICE

On the Permanent Government's conclusion on the National Power Development Plan for the 2021-2030 period, with a vision toward 2045 (Power Development Plan VIII)

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On March 14, 2022, at the Government Office, Prime Minister Pham Minh Chinh chaired the Government standing meeting on the National Power Development Plan for the 2021-2030 period, with a vision toward 2045 (Power Development Plan VIII). Participants to the meeting include Permanent Deputy Prime Minister Pham Binh Minh, Deputy Prime Minister Le Minh Khai, Deputy Prime Minister Le Van Thanh, Minister of Industry and Trade Nguyen Hong Dien, Minister of Planning and Investment Nguyen Chi Dung, Minister of Natural Resources and Environment Tran Hong Ha, Minister - Chairman of the Government Office Tran Van Son; leaders representing the following ministries and agencies: The Ministry of Finance, the Ministry of Agriculture and Rural Development, the Ministry of Transport, the Ministry of Construction, the Ministry of Science and Technology, the Ministry of Justice, the Ministry of National Defense, the Ministry of Public Security, the State Bank of Vietnam, the Commission for the Management of State Capital at Enterprises, the Government Office, Vietnam Electricity (EVN), Vietnam Oil and Gas Group (PVN), Vietnam National Coal - Mineral Industries Holding Corporation Limited (Vinacomin) and the Institute of Energy. After listening to the Ministry of Industry and Trade’s report and delegates’ opinions, the Permanent Government gave some opinions as follows:

1. The Power Development Plan VIII is a very important national plan which needs to be completed soon to serve as a basis for investment in synchronous construction of electricity sources and grids, firmly ensuring power supply security and serving the socio-economic development, as well as maintaining the national defense and security.

2. Efforts of the Ministry of Industry and Trade and related agencies in the process of completing the Power Development Plan VIII, under the direction of Deputy Prime Minister Le Van Thanh, are highly appreciated. This sectoral plan is considered very difficult, especially in the context of a strong global clean and green energy transition after the 26^th session of the Conference of the Parties of the United Nations Framework Convention on Climate Change (COP26) was held and Vietnam has a commitment to bring net emissions to “zero” by 2050.