Prospects for Hydrogen Energy in Vietnam

Abstract

The goal of decarbonizing the economy, achieving regional leadership in the production and export of environmentally friendly hydrogen by 2050, and the dynamic growth of energy consumption require the development of hydrogen energy in Vietnam. The present study aims to assess the potential role of hydrogen in the development of the Vietnamese economy, the formation of the hydrogen market, the essence and measures of government policy in the field of hydrogen energy, as well as to identify the main problems and prospects for its development in Vietnam. The latter are mainly related to the advantages of having large reserves of renewable energy, low financial risks, favorable geographical location and proximity to potential markets, opportunities to reduce capital costs, and well-thought-out government policies and measures to promote hydrogen energy.