Prime minister hosts meeting to complete PDP8

Prime minister hosts meeting to complete PDP8

The participants include leaders from the Ministry of Industry and Trade, the Ministry of Natural Resources and Environment, the Commission for the Management of State Capital at Enterprises, the Ministry of Planning and Investment, the Ministry of Construction, and representatives from two state-run groups of Electricity of Vietnam and PetroVietnam.

Previously on August 20, Prime Minister Pham Minh Chinh chaired a meeting of the government cabinet on the PDP8. Following the conclusion of the committee, there were several comments.

The PDP8 is considered an important aspect of national sector planning, which should be carefully considered before approval and must ensure national energy security and sufficient electricity supply for socioeconomic development and people’s lives. The most importance is that national interests must be put first.

In general, the content of the PDP8 has basically followed the directions of the government, and Resolution No.55-NQ/TW dated February 11 of the Politburo on orientations for Vietnam's national energy development strategy to 2030, with a vision towards 2045.

The PDP8 shows efforts to concretise solutions to implement Vietnam's international commitments that were made at COP26.

However, local authorities still need to continue to carefully and comprehensively study the content of the PDP8, especially the transition to green energy. It is necessary to calculate the maximal, most effective, and most reasonable exploitation of renewable energy and the management of power tariffs.

According to the government, it is necessary to consider the overall optimal planning for five specific stages in close relationship with each other, including power sources, power transmission, electricity distribution, efficient use of electricity, and power tariffs.

The PDP8 must ensure the highest level of regional balance and reduce long-distance power transmission and power losses while calculating the most reasonable, transparent, and competitive power tariffs.

The government required the MoIT to study and collect opinions from relevant offices, especially those assigned by the Politburo and the government to find ministries, agencies, and investors to inspect, examine, and supervise the implementation of Resolution 55 and the process of developing and implementing the PDP.