Vietnam has greenlit an ambitious national hydrogen strategy with the goal of producing 100,000-500,000 tonnes of clean hydrogen annually by 2030, which can be scaled up to 10-20 million tonnes by 2050.
Vietnam has drawn up an ambitious national hydrogen strategy, which aims to become a significant player in the global hydrogen market. With a goal of producing 100,000 tonnes to 500,000 tonnes of clean hydrogen annually by 2030, rising to 10–20 million tonnes by 2050, the strategy seeks to leverage both green and blue hydrogen production methods.
key objectives
Hydrogen Production Target:
- To produce 100,000-500,000 tonnes of clean hydrogen per year by 2030.
- To increase production to 10-20 million tonnes by 2050.
Diverse Energy Sources:
- Emphasis on renewable energy based hydrogen production.
- Using carbon-capture technologies to produce hydrogen from conventional energy sources.
market development:
- Promote the development of Vietnam's hydrogen energy ecosystem, including production, storage, transportation and distribution.
- Targeting both domestic consumption and export markets.
Implementation Strategies
Sector Integration:
- Aligning hydrogen energy development with fuel conversion roadmaps across various sectors, including power generation, transportation and heavy industries.
Optimization of infrastructure:
- Deploying pilot projects leveraging existing infrastructure.
- Establish mechanisms and legal frameworks to facilitate the transition of businesses from fossil fuels to hydrogen energy production.
Government support and incentives
policy framework:
- Develop preferential mechanisms and policies on taxes, fees and land rights to attract investments in the hydrogen sector.
Interagency Cooperation:
- Involve ministries, local authorities and international development agencies in collaborative efforts to implement the strategy.
task assignment:
- Assign specific tasks to ministries, branches and localities, including adjusting provincial plans and proposing policies to encourage hydrogen fuel adoption.
raise capital:
- Increasing the mobilization of both domestic and foreign capital sources to support hydrogen infrastructure development and production.