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Vietnam aims to produce 100,000-500,000 tons of hydrogen a year by 2030

Vietnam aims to produce 100,000500,000 metric tons of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's. hydrogen development strategy adopted previously this month.

The output would be raised to 10-20 million loads by 2050,. including green hydrogen, according to a federal government file. detailing the strategy evaluated .

The production, circulation and usage of hydrogen will assist. meet the nation's nationwide targets for environment modification, green. development and to meet its net zero target by 2050, the document. stated.

Hydrogen is categorised 'green' when it is extracted. from water using electrolysis powered by renewable resource and is. seen as vital to assist decarbonise market, though the. technology is still expensive and at an early stage of. advancement.

The hydrogen output will partially change natural gas and. coal at power plants by 2030, the document said, adding that. hydrogen will likewise be utilized for transportation and for fertiliser,. steel and cement production.

By 2050, hydrogen will be responsible for 10% of the. country's electrical power generation, it included.

Vietnam will mobilise both public and personal funds for. hydrogen production, consisting of from green bond issuance and from. Just Energy Transition Partnership

(source: Reuters)