(Reuters) HANOI – According to the Ministry of Industry and Trade late on Monday, the prime minister of Vietnam has given his approval to a power plan that calls for investing $134.7 billion to build new power plants and infrastructures between 2021 and 2030.

According to a statement from the ministry, the PDP8 plan will provide energy security for the nation of Southeast Asia based on a predicted 7% yearly growth in GDP over that time.

By 2030, the government predicted that half of Vietnam’s residences and business buildings will be powered by rooftop solar panels. A target of 5 to 10 gigawatts (GW) of green energy production for export would also be the goal of the nation by 2030.

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