NO&T Asia Legal Review
While the traditional sources of energy like coal, petroleum, and hydropower are being exhausted, Vietnam is seeking ways to encourage manufacture and development of renewable energy. According to Decision No. 2068/QD-TTg dated November 25, 2015 of the Prime Minister approving the renewable energy development strategy of Vietnam to 2030 and the vision to 2050 (“Decision 2068”), in addition to traditional hydropower, Vietnam encourages the development and use of renewable energy like wind power, solar power, biomass power. It is targeted that renewable energy will increase to 38% of total energy of Vietnam in 2020, 32% in 2030, and 43% in 2050.
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