Vietnam has finally released its updated Power Development Plan VII. The Plan continues to place a firm emphasis on coal as the cheapest way to meet Vietnam's urgent power requirements. However the plan also anticipates a growing role for renewables. Wood Mackenzie is more cautious about capacity growth than the PDP VII. Stillwe forecast that gas and coal capacity will double and triple respectively by 2030. Crucially the plan is more positive about the role and need for foreign investment. This recognises the power crunch facing Vietnam and the extreme financial constraints that PVN and EVN are operating under. However the investment climate in Vietnam will need to improve significantly to facilitate this investment.In this report we introduce a new section covering the renewable and environmental policies in the country and status of renewable growth along with future prospects.