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Regional front-runner

Certain steps are required for Vietnam to foster a hydrogen
energy market and be aligned with the global clean energy shift.
| By LINH TONG

s of early 2023, more than 40 coun- on Green Hydrogen in Vietnam held in and requires cooperation across different
tries and territories had issued Hanoi recently as part of Vietnam Interna- industries, but the payoff is significant eco-
A national hydrogen strategies along tional Innovation Expo 2023. “It holds prom- nomic and social benefits.
with significant financial support policies ise for developing countries, including Viet- Vietnam is one of the fastest-growing
to shape and develop the hydrogen industry. nam, enhancing the value of renewable countries in the world but remains highly
In Vietnam, the development of hydrogen energy across various industries and in daily dependent on fossil fuels, Mr. Chey noted.
energy has been directed by the Politburo life,” he said in his remarks. “The develop- But it can also leverage decarbonization
through Resolution No. 55-NQ/TW on ment of green hydrogen is considered essen- using its potential in different regions. “In
the orientation of Vietnam’s National tial in Vietnam’s energy transition.” the south, where renewable energies are
Energy Development Strategy by 2030 with plentiful, we can expand renewable energy
a vision to 2045. This includes specific ini- SHAPING THE FUTURE generation and green hydrogen production,”
tiatives to conduct technological research, According to Mr. Chey Tae-won, Chair- he said. “But in the north, as the demand
implement experimental production proj- man of the SK Group, hydrogen stands for electricity grows within the industry,
ects, and encourage the use of hydrogen out as a powerful alternative in the world we see the opportunity for expanding the
energy in line with global trends. of clean energy. It has the potential to range of power generation and producing
Green hydrogen has emerged as a promi- directly reduce carbon emissions in power blue hydrogen using available gas resources.
nent solution in the pursuit of a “green generation and transportation through the This approach allows us to explore various
future”, Minister of Planning and Investment transition to clean fuel. The journey from hydrogen production methods, tailoring
Nguyen Chi Dung told the National Summit production to utilization involves barriers them to each residence, resource, and need.”

28 | VIETNAM ECONOMIC TIMES | DECEMBER 2023 en.vneconomy.vn