VIETNAM HAS A GREAT OPPORTUNITY IN THE FIELD OF RENEWABLE ENERGY.

Vietnam currently has abundant and inexhaustible renewable energy resources due to its advantage of having a coastline stretching over 3000 km and a harmonious climate. As a result, the potential for renewable energy development in Vietnam is enormous.

? According to the World Bank, more than 39% of Vietnam’s areas have wind speeds of more than 6 meters per second (m/s), which is equal to a capacity of 512 GW. 8.6% of Vietnam’s land and water areas are good places to build wind power plants, which help the national grid get a lot of electricity. The electricity capacity in Vietnam has increased from 86 MW in 2018 to 16,500 MW in 2020, a 200-fold increase. Vietnam has surpassed Thailand as ASEAN’s solar power leader. This is the start of the country’s coal-free energy transition.

? Solar power contributed 10.6 TWh to the national power grid in 2020, or 4% of total output. According to entrepreneur.com, rooftop solar will provide half of Vietnam’s solar capacity by 2030. According to the article, international investors will find it hard to ignore the promising solar energy market.

? Vietnam’s primary strategy for sustainable development is to use renewable energy, which will boost its economy. Compliance with Vietnam’s environmental commitments to the world at the COP 26 conference related to global climate change is also an advantage in promoting renewable energy development. Foreign investors benefit from Vietnam’s renewable energy potential and opportunities.

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Foreign Investment Agency Vietnam