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There is ample room for Vietnam's power industry to develop in the future as the demand for electricity grows, a trend that is forecast to continue for the next decade, according to industry insiders.
Japanese wind power company Eurus Energy Holdings Corporation has established a new business entity in Vietnam.
The Ministry of Industry and Trade is proposing to encourage rooftop solar power in offices and homes – but not in service and production businesses or industrial zones, which has caused concern for foreign and local producers in implementation of carbon reduction commitments.
To double its electricity capacity by 2030 and hit net-zero by 2050, Vietnam seeks a balance of domestic and global investments.
Climate Fund Managers (CFM) of the Netherlands has entered into strategic cooperation with Vietnam’s The Green Solutions (TGS) to promote hydrogen industry in the country.