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COUNTRY PAGE - Vietnam

Vietnam is a country in the mainland of Southeast Asia with Hanoi in the North as its capital and Ho Chi Minh City in the South as its largest city. The country is a socialist republic. Vietnam is in the midst of a power sector transition, moving from a monopolized energy market to a more decentralised system. With this transition, the government hopes to invest more in renewables, in order to provide energy security and meet the rising power demand, as an eight percent annual rise in electricity demand until 2025 is predicted. Vietnam has an electrification rate of about 99%, which is higher than in most of its neighbouring countries.

Population
Population

97 Million

GDP
GDP/capita

3700 USD

Target
Net-zero Target

2050

JETP - VietnamExplore more

Vietnam

In December 2022, Vietnam and the International Partners Group (IPG) - led by the European Union and the United Kingdom and including the United States, Japan, Canada, Denmark, France, Germany, Italy and Norway - announced the third ever JETP. The JETP is a commitment from the IPG to mobilise an initial USD 15.5 bn from public and private finance over the next three to five years, to support Vietnam in achieving its net zero 2050 target, as set out in its National Strategy on Climate Change to 2050. Of the total investment, half will be contributed by the IPG countries. The remaining USD 7.75 bn will consist of private finance, contingent on the mobilisation of the public sector finance, and will be facilitated by the Glasgow Financial Alliance for Net Zero (GFANZ).

POWER SECTOR SNAPSHOT Explore more

Vietnam

With a combined power generation of almost 12%, Viet Nam has the largest share of wind and solar power in the region and hydro power accounts for another 30%. Nevertheless, coal still generated almost half of the country’s electricity in 2021.

Viet Nam has a large industry sector, which consumes more than half of its electricity. This is followed by households (31%) and services (12%).

Generation by Fuel
Emissions by Fuel
Demand by Sector

POWER TRANSITION PROGRESS TOOL Explore more

Vietnam

ET PROJECTS IN VIETNAM Explore more

Vietnam

UPCOMING EVENTS Explore more

Vietnam

LATEST NEWS Explore more

Vietnam
Clean Energy – Green Earth” Event responding to the Earth Hour 2023

The “Clean, Affordable and Secure Energy for Southeast Asia” (CASE) project, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK), collaborated with Vietnam Electricity (EVN) and the Hoan Kiem District People’s Committee to co-organize the awareness-raising event “Clean Energy – Green Earth” in the pedestrian zone around Hoan Kiem Lake. 

5/9/2023 8:09:40 AM | Sasina Tangphitthayawet
Vietnam Low Emission Energy Program held CMVP Program

The Vietnam Low Emission Energy Program (V-LEEP), funded by the United States Agency for International Development (USAID), is designed to assist the Government of Vietnam (GVN) in establishing an effective policy, regulatory, and incentive environment for low-emission growth in the energy sector, while simultaneously attracting public- and private sector investment in renewable energy development and industrial energy efficiency.

9/14/2022 10:40:52 AM | Ralph Justice Apita
US-funded project to boost Vietnam’s renewable energy development

The Vietnam Low Emission Energy Programme II (V-LEEP II), which is worth US$36 million and funded by the US Agency for International Development (USAID), was kicked off in Hà Nội late last week.  

 

 

9/14/2022 10:06:27 AM | Admin Admin
United States Contributes to Advancing Vietnam’s Energy Sector

The United States Agency for International Development (USAID) and Vietnam’s Ministry of Industry and Trade (MOIT) marked the completion of the five-year USAID Vietnam Low Emission Energy Program (V-LEEP) today. Through V-LEEP, MOIT and USAID worked together to enhance Vietnam’s capacity in developing long-term energy strategies, mobilize private investments for renewable energy, and improve compliance of industrial energy efficiency.

9/14/2022 10:03:35 AM | Ralph Justice Apita
VIRTUAL POWER PLANT TECHNOLOGY RECOMMENDED FOR VIET NAM

The very first testing of Virtual Power Plant (VPP) should be shortly organised with appropriate scale and amount of time in Viet Nam, so power system and market operators, as well as the Electricity Regulatory Authority of Vietnam (ERAV) have a basis for considering and issuing legal and technical regulations. The VPP can be then put into operation to support the integration of renewable energy resources into the country’s power grid.

9/14/2022 9:29:26 AM | Ralph Justice Apita

Knowledge Hub

Explore more Vietnam
solar-living-book Diagnostic Study on Net-Zero for The Energy Sector in Vietnam

The project is a part of ETP's program, in collaboration with the Department of Oil, Gas, and Coal, Ministry of Industry and Trade, to support the transition of the coal, gas, and oil sectors in Vietnam towards a clean energy future while prioritizing people's well-being. The project aims to identify technical, social, and policy challenges to transition towards renewable energy and produce practical roadmaps to address them. Additionally, the project intends to devise strategies to repurpose coal assets effectively and develop comprehensive social protection packages to support affected workers and communities for social stability in Vietnam. The project aligns with Vietnam's National Energy Master Plan and its commitments to the Paris Agreement.

 

solar-living-book Decision 845/QD-TTg 2023

Decision on launching the Secretariat for the Political Declaration on establishing the Just Energy Transition Partnership.

solar-living-book Political Declaration on establishing the Just Energy Transition Partnership with Viet Nam

Political Declaration on establishing the Just Energy Transition Partnership with Viet Nam between the Governments of the Socialist Republic of Viet Nam, together with the International Partners Group, consisting of the European Union, the United Kingdom of Great Britain and Northern Ireland, the United States of America, Japan, the Federal Republic of Germany, the Republic of France, the Italian Republic, Canada, the Kingdom of Denmark and the Kingdom of Norway

solar-living-book Beyond Net Zero: Empowering Climate Mitigation by Linking to Development Goals

This report focuses on how countries that are dealing with climate change planning can ensure that these plans are integrated into their overall development planning to meet the needs of their populations—in other words, how they can go “Beyond Net Zero” to achieve balanced and complementary plans that first and foremost meet their development needs, but also move toward decarbonisation of their energy sectors and their economies.

The report focuses on four developing and emerging economies that are participating in the international cooperation program, Clean Affordable and Secure Energy for Southeast Asia (CASE): Indonesia, the Philippines, Thailand and Vietnam.