, Vietnam

Vietnam’s renewables growth to slow in near-term: report

This is due to regulatory and operational uncertainties, Fitch said.

Vietnam’s renewables growth is at risk of significantly slowing down due to regulatory and operational uncertainties, Fitch Solutions reported.

This comes as the government continues to draft the new National Power Development Plan 2021-2030, which Fitch noted could affect investor sentiment.

“We note that the plan has already been revised four times since the first draft was released in February 2021, with notable differences across each revision, in terms of the roadmap that government wants to adopt for the sector,” the report read in part.

“We believe the lack of a clear policy direction will weigh on near-term investor sentiment.”

Vietnam’s Deputy Prime Minister had also recently raised that the need to lower the country’s solar capacity targets that are “too high.” At the COP26 Summit, the government also stated plans to modify the PDP8 to reduce the share of liquefied national gas and coal.  

Despite this, Fitch expected renewables growth to pick up again due to strong fundamentals as well as expectations for an ongoing commitment to the sector.

“We maintain our current forecast for non-hydro renewables capacity to more than double over the coming decade, to reach over 50.3GW by 2031,” Fitch also said.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Southeast Asia at the forefront of coal phase-out in power plants
Amidst the challenges of eliminating coal in the region’s energy mix, ASEAN Taxonomy Board paves way for sustainable financing for phase-out.
Power Utility
SMRs may deliver their climate promise too little, too late 
As these nuclear reactors are still in development, their wide deployment is unlikely, analysts say. 
How grid enhancements can ignite Malaysia's solar energy boom
Experts warn that grid enhancements will be crucial for the solar energy mix, which accounted for 18% of the country's RE.