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Vietnam’s Growing Demand For Energy

In the past two decades, Vietnam has experienced one of the worlds´ most rapid economic growth rates. Economic growth has been key to the improvement of the quality of the people’s lives, expressed most clearly in the dramatic drop in the poverty rate.
With growing industrialization and economic modernization, energy demand is predicted to increase by over 10 percent annually during 2016-2020 and by eight percent per annum during 2021-2030.

60,000MW

by 2020

96,500MW

by 2025

129,500MW

by 2030

To do so, the country needs to increase its installed capacity by 6,000MW – 7,000MW annually and spend close to US$148 billion by 2030.

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