The demand for electricity in Vietnam is rising rapidly to power its fast-growing economy. In order to meet this demand, the Government of Vietnam is planning for substantial expansion to the national power generation capacity. Renewable energy forms an important part of this vision and is targeted to make up 21 per cent of the overall power capacity and generate 10 per cent of electricity by 2030.
The Government has been rolling out a series of regulations aimed at clarifying the legal framework and incentives for private sector investment in renewable energy projects. However, a number of issues remain that cause difficulties for investors and call for more coherent rules and stronger support from the Government.
In this report, we discuss some of the key issues, opportunities and challenges that foreign investors may face when considering investments in renewable energy in Vietnam.
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