Vietnam’s total renewable power capacity is forecast to reach 112.1 gigawatts in 2035, reflecting a compound annual growth rate (CAGR) of 14.3% from 2024 to 2035.
“The Vietnamese power sector presents significant opportunities for renewable energy, with wind, solar power, and biopower holding large potential for development.”
Vietnam has implemented various policies, such as feed-in tariffs (FiTs), and revised Power Development Plan 8 (PDP 8), for the development of renewable energy in the country. Specifically, the PDP 8 aims for a diversified energy portfolio that includes natural gas, coal, hydroelectric, solar, and wind power, with the long-term goal of attaining net-zero emissions by 2050.