Vietnam has opportunity to become global leader in renewable energy: Entrepreneur Magazine
Given Vietnam's high solar PV potential and ambitious green energy targets by 2050, the country has every opportunity to become a global leader in renewables, the Entrepreneur Magazine said on its e-version.
Vietnam has opportunity to become global leader in renewable energy. (Photo: VNA)
Hanoi (VNA) - Given Vietnam's high solar PV potential and ambitious green energy targets by 2050, the country has every opportunity to become a global leader in renewables, the EntrepreneurMagazine said on its e-version.
Eric Chin, the author of the article published on entrepreneur.comcited the World Bank as saying that Vietnam currently has the mostcomprehensive installed solar power capacity in Southeast Asia, with 16,500MWgenerated in 2020. Moreover, Vietnam was among the top 10 nations globally,with the most solar energy capacity installed in 2020.
There is also a compelling rationale forestablishing wind energy projects in Vietnam due to evidence that it has someof the greatest wind resources in the region with a potential of 311 GW,according to the article.
Market analysts believe that if Vietnam maintains itsrapid expansion of renewable energy, it will rise much higher in the rankings,perhaps overtaking nations like Australia and Italy in renewable energydevelopment and creative solutions.
The climate and topography of Vietnam make renewableenergy, particularly wind power, a significant investment prospect. Vietnam'svast wind resource is thanks to the country's long and narrow geographic shapeconsisting of over 3000 kilometers of coastline, including a mix of hills andmountains.
According to the World Bank, more than 39 percent ofVietnam has wind speeds more than 6 meters per second (m/s) at 65 meters,equivalent to 512 gigawatts (GW) of capacity. Vietnam assumes excellentpotential, with 8.6 percent of its land area suitable for large wind farms.
Vietnam has recently seen phenomenal solarphotovoltaic (PV) growth, which is just the beginning of the country's vastenergy transition away from coal. The country's solar PV capacity increasedfrom 86 MW in 2018 to about 16,500 MW in 2020.
Consequently, Vietnam has surpassed Thailand as theASEAN country with the greatest installed solar power capacity. Solar PVsystems provide roughly 10.6 TWh of electricity in 2020, accounting for nearly4 percent of total output.
Rooftop solar will account for approximately half ofVietnam's total solar capacity by 2030. With a promising solar energyproduction environment, international investors will have difficulty passing upsuch lucrative investment prospects, the author said./.
A Policy Dialogue on “Auction Mechanism for Sustainable Development of the Renewable Energy Market” was held via video teleconference by independent think tank Vietnam Initiative for Energy Transition (VIETSE) on January 11.
Vietnam’s total installed power capacity totalled 76,620 MW in 2021, 7,500 MW higher than the previous year, and the highest among ASEAN member states, said CEO of the Vietnam Electricity (EVN) Tran Dinh Nhan at the company’s year-end meeting on January 14.
Vietnam is determined to restruct its enegy sector, said Deputy Minister of Industry and Trade Dang Hoang An at the 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) held in Hanoi on January 24.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Vietnam has opportunity to become global leader in renewable energy. (Photo: VNA) 
