What are the main sources of electricity in Vietnam?

Coal-fired and hydropower plants are the two largest sources of electricity in Vietnam. Other energy sources providing electricity currently account for a small share, but their growth rates are increasing rapidly in line with the needs of the economy and the need to diversify the energy sector. 5.2. Fossil Energy (1) Coal

Will Vietnam face an electricity shortage?

Vietnam’s Energy Ministry predicts that the country is likely to face an electricity shortage as the development of new power plants lags behind the country’s rapidly growing energy consumption. The government allowed Vietnamese companies to have 100% foreign ownership in the energy sector.

What is Vietnam's energy mix in 2023?

An analysis was conducted on Vietnam’s energy mix in 2023, including the examination of power plant capacities and the volume of energy production from fossil sources (coal, gas, oil) and renewable sources (hydropower, solar energy, wind energy, biomass energy).

Will Vietnam build a better energy future?

Building a cheaper, cleaner, and more secure energy future for Vietnam will not happen overnight. Other markets further along in development of renewable power greatly benefited from the support of the government.

Can renewables help Vietnam meet its energy needs?

Renewables have the potential to become the lowest-cost option for Vietnam to meet its energy needs. Vietnam’s power system is at an inflection point. Over the past five years, load has increased at an average of about 10 percent a year, a staggering pace.

Does Vietnam have a photovoltaic metering system?

In May 2023, the Vietnamese government launched a 135 USD million energy strategy aimed at outfitting half of the country’s residential rooftops with photovoltaic (PV) systems using a real metering system.