Hanoi, April 2 -- From the Politburo's Resolution No. 70 on national energy security through 2030 with a vision to 2045, to Conclusion No. 14-KL/TW on ensuring stable fuel supply and prices, alongside the Government's responses to rising Middle East tensions, Vietnam's proactive and anticipatory approach to external energy shocks is increasingly evident.

However, recent developments have not only disrupted global energy prices and supply chains but also underscored the necessity of speeding up policy implementation and improving system resilience.

Structural risks from fossil fuel dependence

Vietnam's energy system remains heavily reliant on fossil fuels, particularly coal-fired and gas-fired power generation, while emerging energy sou...