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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.

JETP - Vietnam

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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

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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

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ET PROJECTS IN VIETNAM

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UPCOMING EVENTS

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LATEST NEWS

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Vietnam adds nuclear to $136 billion plan to boost power capacity

Vietnam announced plans to boost its generation capacity to 183–236 GW by 2030, requiring $136 billion in investment. The plan includes the development of nuclear power by 2030–2035, a strong focus on renewables, and transmission upgrades. The move aims to support rising electricity demand and ensure energy security.

4/23/2025 11:21:12 AM | Drishti Chhibber
Over $13 billion in solar, wind investment at risk in Vietnam, industry letter says

Over $13 billion in solar and wind investments in Vietnam are at risk as investors warn that proposed retroactive tariff changes could damage financial stability and erode long-term investor confidence.

4/2/2025 10:22:22 AM | Drishti Chhibber
Over $13 billion in solar, wind investment at risk in Vietnam, industry letter says

More than two dozen foreign and Vietnamese investors, including Adani Green Energy, have warned Vietnam's plans to retroactively change rules on subsidised prices for wind and solar energy could affect more than $13 billion of investments.

In a letter to Vietnamese leaders dated March 5 and reviewed by Reuters, the investors expressed "deep alarm" about the possible end of favourable energy tariffs, noting the policy change could undermine broader financial stability and erode confidence in Vietnam at a time when the country plans to significantly expand its renewables capacity.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Reuters

3/12/2025 2:29:30 AM | Admin Admin
Vietnam, Laos strengthen energy cooperation

The Lao Government and Chitchareune Construction Co., Ltd. on February 13 signed an agreement to develop a 1,200 MW wind power plant in Nong district, Laos’ Savannakhet province which aims to supply electricity to Vietnam from late 2027.

The signing ceremony saw the participation of Vietnamese Ambassador to Laos Nguyen Minh Tam; Lao Minister of Planning and Investment Phet Phomphiphak; representatives of the Lao Government Office and the Ministry of Energy and Mines, agencies and units of Vietnam and Laos.

In order to support energy security for Vietnam and meet the growth needs of the Lao economy, Chitchareune Construction Co., Ltd. has coordinated with authorities and consulting companies to research and develop the Nong wind power plant t on a surveyed land area of nearly 28,500 ha.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: VNA

2/14/2025 1:49:21 PM | aastha.manocha
Vietnam’s chemical giant Stavian invests $22 mln in manufacturing battery energy storage system

Vietnam’s chemical giant Stavian Group will invest $22 million in making battery energy storage system (BESS), in order to promote green and clean energy development and sustainable energy industrialization in the country.

Stavian Energy Solutions and Stavian Industrial Park, two units of Stavian Group, have signed a deal for the former to lease infrastructure of the latter to manufacture BESS, electric vehicle charging equipment, and electric cables.

*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' . 

**Photo credit: Stavian

2/3/2025 2:01:28 PM |

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