The demand for electricity in Vietnam is rising rapidly to power the growing economy.
Forecasts predict an annual growth rate for electricity of ‘near-double’ digits in the years to come. To keep pace with demand, the Government has envisioned substantial expansion to the national power generation capacity and introduced policies to cultivate the development of renewable energy. Following an eventful 2020 this year has continued to witness significant developments for renewables. Last year the attention gradually shifted from solar to wind. On the regulatory front, after issuing the long-awaited regulatory framework for solar power, the Government remains busy dealing with other issues including master planning, transmission infrastructure and wind power.
In this section, we provide an overview of the Vietnamese renewable energy market and discuss recent developments, as well as the opportunities and challenges they bring about for investors
Publication Date: January 2021