Vietnam has set priorities for climate change mitigation in its national charter on environment, Strategic Orientation for Sustainable Development (SD), National Climate Change Strategy (NCCS) and (Draft) Green Growth Strategy (GGS).
Vietnam has ambitious laws and action programs for energy efficiency and the large-scale development of renewable energy sources. The mid to long-term objectives of these are to bring the share of renewable energy to 4.5% in 2020 and to 6.0% in 2030 and reduce average energy elasticity ratio of 1.5 by 2015 and 1 by 2020. [Power Master plan VII].
Vietnam is developing a Green Growth Strategy with following targets:
To reduce energy consumption per unit of GDP by 2.5-3%per year to 2020 and reduce GHG emissions relative to its business-as-usual (BAU) scenario by 2-3 % per year from 2020 to 2030.
To reduce GHG emissions in the energy sector by 10% -15% by 2020 relative to 2010 level.
Source: PMR Organizing Framework submitted by the Ministry of Planning and Investment of Vietnam, May 11, 2012