Vietnam sets challenging hydrogen targets

Prime minister approves strategy aimed at ramping up production of green and blue hydrogen by 2030

Vietnam could be at risk of missing near- and long-term clean hydrogen production targets set out in a national industry strategy approved in February due to unattractive conditions that include a lack of funding to incentivise producers and relatively high production costs. Vietnam’s Ministry of Industry and Trade held a conference in Hanoi on 22 February to outline the hydrogen production strategy that was formulated in summer 2023. The policy document calls for green and blue hydrogen output to reach a combined 100,000–500,000t/yr by 2030, rising to 10–20mt/yr by 2050. A first draft of the strategy was prepared last summer and then circulated to ministries, departments and groups for comm