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Hanoi (VNS/VNA) – Vietnam needs about 128.3 billion USD of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT).

On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas.

With forecasts that Vietnam’s GDP growth will reach an average of 6.6 percent per year in 2031-2045 and 5.7 percent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045.

The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 percent from coal-fired thermal power, 21 percent from gas thermal power, 18 percent from hydroelectricity, 29 percent from wind power, solar and renewable energy and 4 percent from the imported sources and 1 percent from other types of energy from storage devices.

The MoIT’s draft said by 2045, the total installed capacity will reach nearly 276.7 GW including 18 percent from coal-fired thermal power, 24 percent from gas thermal power, 9 percent from hydroelectricity, 44 percent from wind power, solar and renewable energy and 2 percent from the imported sources and 3 percent from other types of energy from storage devices.

The power master plan VIII encourages the development of renewable energy and discourages hydroelectricity. Renewables made up 13 percent of power in 2020 and are aimed to make up 30 percent by 2030 and 44 percent by 2045.

Regarding the power grid development programme, the plan proposes to continue building the 500kV power transmission system to transmit electricity from major power source centres in the Central Highlands, south-central, north-central and central regions to the large load centres in Ho Chi Minh City and the Red River Delta. It also asked to strengthen the interconnected transmission grid to support the transmission of power capacity.

In the draft, they also research the application of smart grid and the 4.0 technology in power transmission to calculate and propose in the master plan.

The MoIT calculated total investment capital for electricity development in 2021-2030 of about 128.3 billion USD including 95.4 billion USD for electricity and 32.9 billion USD for the grid.

For the next 15 years, the ministry calculated the need at about 192.3 billion USD including 140.2 billion USD for electricity and 52.1 billion USD for the grid.

Combining the two periods, Vietnam needs 320.6 billion USD to develop its national power system./.

VNA

If each proposal was to be approved, there would be one airport every 100km across several Northern and Central regions in Vietnam, while the resources for traffic infrastructure are still scarce, experts pointed out.

Additionally, according to the Civil Aviation Authority of Vietnam (CAAV), only one-third of the 23 airports nationwide have been operating at full capacity and making profits, while the rest cost the national budget billions of Dong each year even before Covid-19 hit.

One reason for the slow traffic at airports is the lack of connecting routes between airports and neighboring cities and economic centers. Most localities have only focused on building airports to attract short-term investment without planning for efficient inter-connected infrastructure.

Although early planning is necessary to avoid future lack of land, it must be based on the overall national transport network and not just to have at least one airport in each locality since the requirement of each region differs.

For example, most developed countries have a high number of airports, but most are small-scaled and mainly reserved for private aircrafts, while most of the airports proposed for the National Master Plan are medium-sized and up. As a bargaining chip, they are also labeled “airports for both commercial and military purposes”.

Experts suggested the Ministry of Transport and CAAV carefully consider the proposals before executing the National Master Plan in a feasible and sustainable manner.

PM Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)

Hanoi – The central city of Da Nang is set to be part of the global supply chain network and a gateway on the East-West Economic Corridor by 2030, a meeting in Hanoi on March 1 heard.

Discussing adjustments to the city’s master planning by 2030 with a vision towards 2045, the meeting was presided over by Prime Minister Nguyen Xuan Phuc.

By 2030, the city is also expected to become a destination for global lifestyles, a centre of tourism and services, and a maritime economic hub in Vietnam and the region at large. In the long term, it eyes becoming a special urban area and an international city.

Its population is predicted to stand at about 1.79 million by 2030 and its urban area is to cover 31,836 ha, or more than 32 percent of the local land area.

The municipal People’s Committee signed a contract with a joint venture between Sakae Corporate Advisory Ltd. and Surbana Jurong (Singapore) on the project adjusting the master planning.

During the process of building the project, the municipal People’s Committee organised three international workshops and collected feedback from local residents, businesses, departments, and agencies.

In an assessment, the Ministry of Construction said the project identified the position and role of Da Nang as a core urban area of the Hue-Da Nang-Chu Lai-Ky Ha-Dung Quat (Van Tuong)-Quy Nhon urban area chain, forming the Da Nang urban region, encompassing Chan May (Lang Co), Da Nang, Dien Ban, Hoi An, and Nam Hoi An.

In his remarks, PM Phuc lauded Da Nang’s coordination with ministries and agencies as well as its response to opinions from local residents and socio-economic organisations in the planning work.

Da Nang should develop beyond its current status as a first-tier urban area, he said, becoming a special city.

Given that it boasts one of the most beautiful beaches in the region, he urged the city to pay more attention to waste water treatment and climate change issues and suggested it seek new development drivers apart from tourism.

Corruption and other misdeeds in planning adjustment and implementation must be prevented, he reminded all in attendance, noting that planning and realisation must be in tandem.