INSIGHT

Renewables in Vietnam - opportunities for investment

By Linh Bui
Asia Energy Renewables Vietnam

In brief

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, with installed capacity planned to rise from the 2015-level of 38.6GW to 60GW by 2020 and 130GW by 2030. It is estimated that Vietnam will need as much as US$15 billion per year in capital investment for power development, a large part of which is expected to come from the private sector.

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