This paper “Lessons from Hydrogen Strategy in Vietnam and the United States” by The National Bureau of Asian Research examines the hydrogen scenario in Vietnam, which is at an early stage, as well as in the United States, which has a more developed hydrogen industry.
Domestic policy and participation from foreign corporations, becomes increasingly critical for the hydrogen energy market in Vietnam. A hydrogen development roadmap is crucial to realise the future of hydrogen in Vietnam. Foreign aid will also play a key role. In October 2022, the Vietnam Initiative for Energy Transition conducted research and held a workshop to explore the potential of the domestic hydrogen industry. By utilising surplus renewable energy to generate hydrogen for serving as an energy carrier, the production cost can be lowered to a more reasonable price.
To achieve zero carbon emissions in 2050, Vietnam is planning to use biomass, ammonia, and hydrogen as energy sources along with traditional fossil fuel sources in 2028, steadily raising green energy use and finally attaining the target in 2035. The Vietnamese government is also focused on promoting the development of hydrogen technology.
Directing capital to hydrogen is key to enabling its growth in the United States. The United States has a clear vision for its domestic hydrogen economy, which could generate an estimated $140 billion per year in revenue by 2030. In the U.S. government’s ambitious scenario, hydrogen demand could reach 17 million metric tons by 2030 and 63 million metric tons by 2050. As a result, the Department of Energy created the Hydrogen Program to provide R&D strategies for hydrogen and related technologies.
Access the complete paper here
