Shaping a resilient future for utilities
Vietnam’s energy transformation is driven by the goal of delivering reliable electricity at scale. Rapid industrial and household growth is straining power generation, grids, and system performance across the region.
Renewables are expanding quickly with strong policy ambition, but the future depends on grid readiness, storage, and flexibility. Investment in transmission, distribution and cross-border interconnection is critical to integrating new supply and maintaining affordability.
Alongside renewables, Vietnam is evaluating nuclear and hydrogen for long-term energy security and decarbonisation. These developments create major opportunities for utilities, developers, technology providers and investors.
Key Facts
Renewables share (incl. hydro)
19.9% by 2030 → 83.5% by 2050
Solar capacity
46.5-73.4 GW by 2030
Wind capacity
Onshore/nearshore: 26-38 GW by 2030
Offshore: 6 GW (domestic) and 15 GW (new energy) by 2030-2035
Hydropower
33.3-34.7 GW by 2030
Biomass & waste-to-energy
2.9-4.8 GW by 2030
Nuclear Energy
4-6.4 GW planned (Ninh Thuan 1 & 2, 2030-2035)
Grid interconnection
import 9.4-12.1 GW by 2030; export 5-10 GW by 2035
Transmission investment
US$3.6-4.9bn per year (2026-2030)
