Net Zero Roadmap for Vietnam's Steel Industry

Vietnam has committed to achieving net-zero greenhouse gas (GHG) emissions by 2050. As the country advances toward its climate targets, emissions from the steel sector will need to peak and decline. Steel production in Vietnam is highly carbon-intensive due to the large share of primary blast furnace-basic oxygen furnace (BF-BOF) steelmaking. With continued investment in new BF-BOF capacity, Vietnam will face challenges in decarbonization of the steel sector.

This report provides an overview of steel production, energy use, and emissions trends in Vietnam and presents a data-driven roadmap for deep decarbonization through to 2060. It evaluates multiple technology and policy pathways through scenario analysis and outlines key milestones for 2030, 2040, 2050, and 2060. The report concludes with actionable policy recommendations for Vietnam’s government, steel producers, consumers, and other relevant stakeholders.