Vietnam is one of the most efficient power markets in Southeast Asia, driven by low-cost resources such as hydro and coal.
At present, hydropower holds the largest share amongst all renewable energy sources, followed by wind and biomass. Solar energy, biogas, and waste-to-energy technologies are picking up slowly while geothermal energy and tidal energy are at a very early stage.
The government aims to increase the electricity output produced from renewable sources from approximately 58 billion kWh in 2015 to 101 billion kWh by 2020, and 186 billion kWh by 2030.
The Vietnamese renewable energy industry is appealing to foreign investors as demand for electricity is high. Under the Vietnamese law on investment, foreign investors can incorporate 100% ownership of Vietnamese companies in the energy sector and can trade in different types such as 100% foreign invested company, joint ventures or public-private partnership and BOT (Build-Operate-Transfer). Moreover, Vietnam has adopted flexible policies for the renewable energy in recent years, particularly paying attention to the solar and wind energy projects in the country.
In this report, we will lead you through 4 main sections:
- Outlook of Vietnam energy industry
- Fossil fuel electricity
- Renewable electricity
- FDI projects in electricity sector