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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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US tariffs cloud Vietnam's energy transition

New U.S. tariffs on Chinese solar components threaten to disrupt Vietnam’s clean energy ambitions, as many of its solar exports rely on Chinese materials. The article examines how these trade measures could raise costs, delay projects, and hinder the country’s energy transition plans.

5/22/2025 9:30:21 AM | Drishti Chhibber
Vietnam Cuts LNG Import Tariff to 2% in Bid to Accelerate Energy Transition

Vietnam has cut LNG import tariffs from 5% to 2% to attract investment and support its energy transition. The move boosts LNG-to-power projects under PDP8, but policy gaps, financing hurdles, and regulatory uncertainties persist. Industry leaders call for comprehensive legal reforms to ensure long-term LNG development and energy security.

5/15/2025 8:23:29 AM | Drishti Chhibber
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

Knowledge Hub

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solar-living-book Projection of Labour Force for Viet Nam’s Energy Transition

Viet Nam’s electricity sector set to expand to 500,000 full-time jobs by 2035, up from around 300,000 today. This surge reflects the transformative scale of the country’s energy transition according to Decision 500/QD-TTg 2023 on National Power Development Plan Nr 8 dated 15 May 2023. Where will these new jobs come from? What does this mean for existing workers? NewClimate Institute's and GIZ ESP’s new report “Projection of Labour Force for Viet Nam’s Energy Transition” explores potential development of the labour force in the power sector in Viet Nam and related industries under different scenarios stated in PDP8 and JETP: (1) Solar and wind will lead job growth; (2) Workforce transition from coal to more sustainable sectors; (3) Imports now, localisation later.

solar-living-book Co-benefits of energy transition in Viet Nam’s industrial development

The study on "Co-benefits of energy transition in Viet Nam's industrial development" aims to provide an overview of the localisation of the industrial sector amid the energy transition. It examines various aspects, including policy framework, international experience, current status and the localisation potential of two key technologies: wind and solar power for the period of 2025-2050. On the other hand, this study also serves as a foundation for CASE to conduct more detailed and in-depth policy framework research for localisation in the next stages.

Download to read full report. 

solar-living-book Capacity building needs assessment for Energy Transition in Viet Nam

This study on Assessment of Capacity Building Needs has overall objective of identifying the needs from the key stakeholders and then providing suggestions on feasible measures to better support the main actors involving into energy transition (ET) progress in Viet Nam. To achieve this objective, gaps in terms of legal frameworks, institutional capacities of actors involved into state governance, implementation and supporting the process of energy transition (including but not limited to RE development and energy efficiency measures) will be analyzed. Consequently, capacity building measures will be provided to support the related parties in better performing their mandates, enhancing their voices and participation in energy transition progress.

For the Vietnamese version, download here.

solar-living-book Co-benefit of Energy Transition in Vietnam’s Industrial development

The study on "Co-benefits of energy transition in Viet Nam's industrial development" aims to provide an overview of the localisation of the industrial sector amid the energy transition. It examines various aspects, including policy framework, international experience, current status and the localisation potential of two key technologies: wind and solar power for the period of 2025-2050. On the other hand, this study also serves as a foundation for CASE to conduct more detailed and in-depth policy framework research for localisation in the next stages.