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COUNTRY PAGE - VIETNAM 

Vietnam is a country in the mainland of Southeast Asia with Hanoi in the North as its capital and Ho Chi Minh City in the South as its largest city. The country is a socialist republic. Vietnam is in the midst of a power sector transition, moving from a monopolized energy market to a more decentralised system. With this transition, the government hopes to invest more in renewables, in order to provide energy security and meet the rising power demand, as an eight percent annual rise in electricity demand until 2025 is predicted. Vietnam has an electrification rate of about 99%, which is higher than in most of its neighbouring countries.

JETP - Vietnam

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In December 2022, Vietnam and the International Partners Group (IPG) - led by the European Union and the United Kingdom and including the United States, Japan, Canada, Denmark, France, Germany, Italy and Norway - announced the third ever JETP. The JETP is a commitment from the IPG to mobilise an initial USD 15.5 bn from public and private finance over the next three to five years, to support Vietnam in achieving its net zero 2050 target, as set out in its National Strategy on Climate Change to 2050. Of the total investment, half will be contributed by the IPG countries. The remaining USD 7.75 bn will consist of private finance, contingent on the mobilisation of the public sector finance, and will be facilitated by the Glasgow Financial Alliance for Net Zero (GFANZ).

POWER SECTOR SNAPSHOT

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With a combined power generation of almost 12%, Vietnam has the largest share of wind and solar power in the region and hydro power accounts for another 30%. Nevertheless, coal still generated almost half of the country’s electricity in 2021.

Vietnam has a large industry sector, which consumes more than half of its electricity. This is followed by households (31%) and services (12%).

Generation by Fuel
Emissions by Fuel
Demand by Sector

POWER TRANSITION PROGRESS TOOL

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ET PROJECTS IN VIETNAM

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UPCOMING EVENTS

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LATEST NEWS

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SEO
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2/19/2024 10:45:34 PM | Sugam sharma
USAID Launches PHP1.6 Billion Project to Promote Clean Energy in the Philippines
Manila, June 28, 2021—The U.S. government, through the U.S. Agency for International Development (USAID), launched on Monday, June 28, its flagship project to support a more competitive, secure, and resilient Philippine energy sector.  The five-year, Php1.6-billion ($34 million) Energy Secure Philippines (ESP) project will promote the country’s key energy sector priorities and support its climate mitigation goals.
3/24/2023 4:16:10 AM | shubhi vijayvargiya

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