The presentation outlines a transition for Vietnam's energy sector away from coal towards renewable energy sources. It proposes that Vietnam's power system is capable of rapid change, with significant potential for increased energy efficiency. The document suggests that renewables are now cost-competitive with fossil fuels and that solar and wind power generation are growing at an exponential rate. It emphasizes that hydro, flexible thermal power, and batteries can maintain system reliability without excessive costs, and that power market reforms are crucial for attracting investment in renewable energy. Technological advancements are driving a shift toward a smart, decentralized energy system, which necessitates a flexible approach to energy policy and infrastructure development.