Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/29466
Title: A stronger energy strategy for a new era of economic development in Vietnam: A quantitative assessment
Contributor(s): Nong, Duy (author); Nguyen, Duong Binh (author); Nguyen, Trung H (author); Wang, Can (author); Siriwardana, Mahinda  (author)
Publication Date: 2020-09
Early Online Version: 2020-07-16
DOI: 10.1016/j.enpol.2020.111645
Handle Link: https://hdl.handle.net/1959.11/29466
Abstract: Energy security has been a major concern in developing countries because of rapid economic development and population growth, low power generation capacity, and unwell-developed transmission infrastructure. Vietnam in this context has been under energy security threats for more than a decade and is currently having a new power policy to strongly develop power generation and distribution networks. It is expected that the country's economy is able to develop substantially due to massively additional energy supply once completing the plants and distribution networks but the likely impacts are still undefined. This paper extends an economic electricity-detailed model to examine the potential impacts of such a new power policy in Vietnam. We find that the policy will decrease the prices of both fossil-based and renewable-based electricity significantly by 40%–78% under a 2030 target scenario, benefiting all sectors in the economy to substitute for fossil fuels. Households are particularly benefited as evidenced by 5.64%-19.19% increases in per-capita utility. Overall, the Vietnamese economy is significantly advantaged with real GDP increasing by 5.44%-24.83% over different scenarios, which are much higher than the findings in other countries. More importantly, the policy moves the country to a low-carbon energy structure in the near future.
Publication Type: Journal Article
Source of Publication: Energy Policy, v.144, p. 1-11
Publisher: Elsevier Ltd
Place of Publication: United Kingdom
ISSN: 1873-6777
0301-4215
Fields of Research (FoR) 2008: 140205 Environment and Resource Economics
Fields of Research (FoR) 2020: 380105 Environment and resource economics
Socio-Economic Objective (SEO) 2008: 910103 Economic Growth
Socio-Economic Objective (SEO) 2020: 150203 Economic growth
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Appears in Collections:Journal Article
UNE Business School

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