Professional Documents
Culture Documents
IN VIETNAM AND
SOLUTIONS
Bui Tuan Vu
With growing industrialization and economic modernization, energy demand is predicted to increase by
over eight percent (8%) per annum during the 2021-2030 period.
The demand is expected to increase from 265-278 TWh in 2020 to 572-632 TWh in 2030.
To meet the growing demand, Vietnam needs 60,000 MW of electricity by 2020, 96,500 MW by 2025,
and 129,500 MW by 2030. To do so, the country needs to increase its installed capacity by 6,000 MW –
7,000 MW annually and spend close to US$148 billion by 2030.
With electricity demand projected to increase by eight percent (8%) annually until 2025, the
government is moving forward to develop renewable energy sources to ensure energy security and
addressing the growing power demand.
Well-known source of renewable energy: Hydro, solar farm, wind farm, biomass.
(source: https://www.vietnam-briefing.com/)
Industry is currently the largest consumer of energy as well as electricity. This will continue for
many years to come as Vietnam is in the process of industrialization. It can be said that the
increase in energy use in industrial production is a concern of Vietnamese policymakers.
One of the most common reasons cited by large energy users for the failure to invest in energy
efficiency is the lack of access to financing. Because many energy-efficiency investments are
actually quite profitable, energy-efficiency loan businesses also can be potentially attractive to
banks
A number of commercial banks in Vietnam have begun to explore energy-efficiency lending
possibilities, with support from IFC and others
Training and increasing hand-son experience is needed, especially among third-party service
groups, to help efficiently identify and package financially attractive technology choices and
renovations.