This country report sets out key recommendations on a just transition and coal phase out in Vietnam. What does the country need to successfully manage the shift to a green economy in a way that leaves no one behind? And what are the implications of Vietnam’s Just Energy Transition Partnership for the country’s coal phase-out?
Key recommendations for decision-makers include:
- Energy transitions in Vietnam need to be carefully planned as country more than doubled its reliance on coal-fired energy plants from 2010-2020 (from 18% of the electricity generation mix to over 50%).
- Economic and legal instruments can maximise the benefits of a just transitions, such as lowering emissions, reducing environmental damage and public health risks, increasing national energy security, and improving the country’s national trade balance.
- Timelines for coal power plants closure will need to be carefully evaluated, as the coal industry employs roughly 122,000 workers.
The report is part of the South to South Just Transitions initiative.