Unlocking the Potential: Việt Nam's Journey towards Green Hydrogen Energy
Key Ideas
  • Limited adoption of hydrogen in Việt Nam despite government recognition and national strategy.
  • Challenges include unclear investment guidelines, high production costs, and lack of regulations and infrastructure.
  • Việt Nam aims to produce 100,000 to 500,000 tonnes of green hydrogen annually by 2030 as part of its ambitious hydrogen strategy.
  • Collaboration with international partners and involvement of various industries crucial for the development and competitiveness of clean hydrogen.
Despite the recognition of hydrogen energy's potential in Việt Nam and the launch of a national hydrogen energy strategy, the country is facing limited adoption of hydrogen. The Ministry of Industry and Trade (MoIT) highlighted that the majority of domestic hydrogen demand comes from fertiliser factories and oil refineries, with other industries using only small amounts. Challenges in the development of hydrogen energy include unclear investment guidelines, high production costs, and a lack of regulations and infrastructure. The cost of producing clean hydrogen remains high in Việt Nam, making large-scale projects financially nonviable at present. The Hydrogen Energy Strategy to 2030 aims to produce 100,000 to 500,000 tonnes of green hydrogen annually by 2030 and sets a long-term target for 10 to 20 million tonnes per year by 2050. Việt Nam plans to develop both blue and green hydrogen, with a focus on domestic and export markets, and pilot hydrogen and ammonia cofiring in power generation. Various green hydrogen production projects are being explored in different regions of the country, with collaboration between domestic and foreign investors, local authorities, and international partners being crucial for the successful development and competitiveness of clean hydrogen in Việt Nam.
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