Developing Green Energy in Vietnam Leveraging International Resources

According to estimates, by 2050, the implementation of Vietnam’s Power Development Plan VIII (PDP8 )will require over 500 billion USD of investment for power generation and grid development. Experts agree that a significant portion of this funding needs to be sourced from the private sector, including international resources.

Power Development Plan VIII promote the green transformation of the energy sector

Released in May, the national electricity development plan (PDP8) for the period 2021-2030, with a vision until 2050, is considered a crucial legal framework. PDP8 will create new opportunities for sustainable energy development in Vietnam, aligned with the trends of green and circular economies.

Several foreign green energy companies have recognized the development potential in Vietnam and have invested in solar and wind power projects. Companies from countries like France and Norway are seeking opportunities to develop offshore wind projects in Vietnam.