Vietnam’s vision for a renewable energy future
In recent decades, Vietnam’s demand for energy has increased along with its rapid economic development. This surge in demand could provide the impetus to develop Vietnam’s emerging renewable energy industry. In comparison to other more traditional energy sources such as oil and coal, renewable energy is relatively new in Vietnam. Its presence is strongly driven by government policies, and is mostly positioned within sustainable development and greenhouse gas reduction frameworks. Vietnam’s GDP grew at an annual rate of 6.8 per cent between 1990 and 2013, and is projected to hover around 7 per cent annually from 2016 to 2030. Industrialisation, coupled with population increases, drives the need for more energy and especially more electricity.
