Two years after making net zero commitments at COP26, Vietnam has taken bold action toward energy transition with the approval of the National Power Development Plan and announced a just energy transition with international partners to unlock financing for the journey.

The policy has been identified as essential for the implementation of energy transition as it matters to investors and encourages the engagement of different stakeholders.

Vietnam, since its net zero commitment made at COP26 in 2021, has taken decisive action with specific climate strategies and the adoption of a renewable energy-intensive power development plan.

Vietnam is advised to promote the engagement of different stakeholders and ensure that they benefit equally from the transition to clean energy.