This report “Viet Nam’s Transition Pathways: Technology and Innovation for Carbon Neutrality by 2050” by the Economic Research Institute for ASEAN and East Asia aims to address the critical research question: How can Viet Nam achieve carbon neutrality by 2050 whilst meeting its growing energy demand and realising its potential for double-digit economic growth? It employs a comprehensive energy system modelling approach to evaluate Viet Nam’s pathways towards carbon neutrality. It uses a cost-optimal technology selection framework that assesses more than 350 energy technologies across the entire energy system, examined under three distinct scenarios: baseline, carbon neutral, and carbon neutral with high economic growth. These scenarios examine the economic efficiency of key decarbonisation technologies and strategies, including renewable energy integration; nuclear power; H2 adoption; electrification; and carbon capture, utilisation, and storage (CCUS). The analysis quantifies the economic implications of the energy transition by estimating total system costs, marginal abatement costs, and marginal electricity prices required to support low-carbon development.
It then provides an in-depth examination of nuclear energy’s role in Viet Nam’s energy transition. It evaluates various nuclear technologies, including conventional largescale reactors and emerging SMRs, considering their feasibility within the energy landscape. The analysis addresses regulatory frameworks, infrastructure readiness, public acceptance, and economic viability. It explores strategic implementation pathways, such as policy incentives and international cooperation, to determine how nuclear energy could complement Viet Nam’s decarbonisation strategy whilst ensuring a stable baseload power supply. By integrating energy system modelling, technology assessments, and policy recommendations, this report provides structured guidance to support Viet Nam’s transition to a carbon-neutral economy whilst sustaining economic growth and ensuring long-term energy security.
Access the report here
