Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)

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The Journey to Sustainable Green in Vietnam by 2050

Authors
Huy Mach Tran1, Nhien Vo Thanh2, *
1Ho Chi Minh City University of Economics and Finance, Gia Dinh Ward, Ho Chi Minh City, Vietnam
2Head of SME Banking Department, Head Office, Hanoi, Vietnam
*Corresponding author. Email: nhienvt@gmail.com
Corresponding Author
Nhien Vo Thanh
Available Online 6 April 2026.
DOI
10.2991/978-94-6239-624-1_38How to use a DOI?
Keywords
Power Development Plan 8 (PDP8); Net Zero 2050; Renewable Energy Transition; Sustainable Development Goals (SDGs); Feed-in Tariffs (FiTs)
Abstract

Doi Moi reforms have balanced rapid economic growth with an “energy paradox” of increasing emissions and energy scarcity. This research evaluates the Power Development Plan 8 (PDP8) framework's ability to achieve Net Zero by 2050 while sustaining a 7% GDP growth rate. Employing a quantitative design via the Low Emissions Analysis Platform (LEAP) and historical data (2000–2018), the study models a least-cost pathway using merit-order dispatch logic to prioritise renewables. Results indicate an optimal generation mix for 2050 dominated by solar energy (76,504,754 KTOE), facilitating a total phase-out of coal and gas. A key finding is the “wind paradox”: despite its vast technical potential, wind is excluded from the cost-optimal mix because of prohibitive capital and storage costs. Projections show a 638% capacity surplus, enabling Vietnam to transition from an energy importer to a significant regional energy exporter. This transition requires a minimum investment of more than USD 232 million. Ultimately, the paper investigates certainty and long-term capital commitment for a sustainable green development pathway.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
6 April 2026
ISBN
978-94-6239-624-1
ISSN
2352-5428
DOI
10.2991/978-94-6239-624-1_38How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Huy Mach Tran
AU  - Nhien Vo Thanh
PY  - 2026
DA  - 2026/04/06
TI  - The Journey to Sustainable Green in Vietnam by 2050
BT  - Proceedings of the International Conference on Sustainable Economics and Finance in the Digital Business Transformation (INCOSEF 2025)
PB  - Atlantis Press
SP  - 510
EP  - 532
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-624-1_38
DO  - 10.2991/978-94-6239-624-1_38
ID  - Tran2026
ER  -