Energy supply and clean transition process in Vietnam at the center of national competition
While the Ministry of Industry and Trade warns of the risk of power outages, experts draw attention to the importance of the transition to clean energy for economic competitiveness.
Energy in Vietnam has become a critical leverage point for national competitiveness and attracting foreign direct investment, while it is stated that investments in infrastructure and human resources need to be increased.
The New Role of Energy
Energy is no longer just a matter of having enough to keep the lights on, but has become a vital leverage point for national competitiveness. This creates the necessity to increase the capacity to absorb clean electricity.
Consumption Growth and Report Findings
Electricity consumption in Vietnam has increased by more than nine percent per year over the past three years, outpacing GDP growth. Peak load is expected to rise to ninety gigawatts by 2030.
Foreign Investment and Risk Warning
Providing a reliable and low-carbon energy source determines the attractiveness of foreign direct investment flows. The ministry has warned of the risk of outages due to delays in generation projects.
Infrastructure and Transmission Needs
The increase in renewable energy capacity can exceed the absorption capacity of the transmission network. Therefore, it is necessary to establish smart grid technologies and battery storage systems.