Vietnam’s Power Sector: Opening the Way towards a Greener Future?
Vietnam has one of the world’s fastest GDP growth rates over the past decade, as well as one of the fastest growth rates in power consumption. The growth in Vietnam’s power consumption is driven mainly by industry and households, accounting for~90% of total consumption. Vietnam’s power production has more than doubled in 10 years, but with little improvement in overall system efficiency and has not mirrored the growth in demand. Hydropower currently accounts for the largest share of power generation but is approaching its maximum utilization – and the government sees coal and gas as main energy sources of the future. The increasing cost of electricity will eventually drive energy efficient technology implementation in Vietnam, with the rise of green building adoption.
This white paper aims to address these main questions :
- 01. What is the current state of Vietnam’s power sector?
- 02. What are the drivers of future trends in Vietnam’s power sector?
- 03. What opportunities are available in the power sector?