A boost for renewable energy

Resolution 55-NQ/TW, issued by the Politburo in 2020, laid out Vietnam’s strategic energy orientation. More recently, Resolution 70-NQ/TW, adopted in late August 2025, serves as a true boost for renewable energy development. The new resolution not only sets out concrete solutions to address long-standing bottlenecks, but more importantly, creates practical and actionable momentum to safeguard national energy security in the years ahead sustainably.

One significant shift is increased flexibility: urgent and strategic projects can now proceed first, with planning adjustments to follow. This endeavor helps prevent delays to critical energy projects caused by time-consuming procedures for drafting, submitting, and approving planning revisions, while also reducing risks for investors.

The resolution also raises the level of strategic ambition compared to its predecessor. Specifically, the share of renewable energy in the primary energy supply has been revised upward to 25–30 percent by 2030, up from the previous target of 15–20 percent. This upward adjustment creates opportunities for provinces with strong potential in wind and solar power to attract additional investment, while also accelerating the path toward emissions reduction and Vietnam’s net-zero commitment by 2050.

To ensure feasibility, the resolution outlines a range of measures, most notably a pledge to reduce administrative processing times by 30 to 50 percent. For investors, this reform is particularly significant: it lowers costs, accelerates project timelines, and enables capital to be deployed more quickly. At the same time, it helps improve the investment environment and increases the attractiveness of renewable energy projects that are already planned but not yet implemented.

For Dong Nai, the newly issued resolution from the Politburo carries particular significance. As one of Vietnam’s leading industrial hubs, the province faces consistently high and rapidly growing demand for electricity. Relying solely on conventional power sources poses an increasing risk of supply–demand imbalance and grid overload. In addition, as local firms integrate into global supply chains, they are under pressure to meet sustainability standards in energy use, raw materials, and waste management. This challenge makes it essential for the province to gradually increase the share of renewable energy in its electricity mix.

The overarching policy is in place, the potential is clear, and the political will is strong. Yet for renewable energy to truly become a driver of development, Dong Nai must advance on multiple fronts: further simplifying legal procedures for projects, accelerating investment in grid infrastructure, and introducing appropriate financial instruments, such as preferential tax policies or green credit lines, to encourage stronger participation from all economic sectors, particularly the private sector.

By doing so, Dong Nai would not only ensure energy security for socio-economic development and establish a balanced energy structure, but also contribute to advancing the green transition, supporting sustainable development for the province in particular and the country as a whole.

By Ban Mai - Translated by Le Hung, Minho