Vietnam at the Centre of Asia’s Energy Expansion
A high-growth energy market with major investment across oil & gas, LNG, power and grids.
This growth is backed by a clear national strategy to expand capacity, strengthen transmission and accelerate delivery. Under Power Development Plan VIII (PDP8), investment is progressing across LNG, gas-fired power, renewables and grids, creating a substantial, multi-technology investment pipeline.
The market is now in active delivery: projects are advancing, infrastructure is being built and investment is accelerating, creating opportunities for utilities, developers, investors, EPCs and technology partners across the value chain.
Vietnam is entering a new phase of delivery, backed by rising investment, rapid demand growth and long-term sustainability goals.
Vietnam's Energy Growth & Transition
1,100TWh+
Projected electricity demand by 2050
$136 BN
Planned energy investment under PDP8 by 2030
90 GW
Renewable energy capacity targeted by 2030
$38BN+
Annual FDI inflows driving industrial and energy demand
104GW
Planned ASEAN cross-border transmission capacity by 2030
>3X
Increase in power demand by 2050