In a recent study by UK-based think tank Ember, Vietnam accounted for 69% of all solar and wind power output in Asean in 2022, which was estimated at 50 terawatt hours.

Vu Chi Mai, director of Clean, Affordable and Secure Energy for South-East Asia (Case), a programme that drives change in the South-East Asian power sector towards an increased ambition concerning climate change mitigation, said the South-East Asian country’s stable socio-political environment makes it among some of the most attractive investment destinations for solar and wind power business in the region.

In addition, the Vietnamese government has implemented numerous preferential policies, aimed at supporting renewable energy, paving the way for the development of a substantial market and workforce.