Vietnam is entering a decisive decade in its energy transition journey. With abundant sunshine, strong wind corridors, and a long coastline, the country has positioned itself as one of Southeast Asia’s most promising markets for renewable energy infrastructure. The shift is not only about clean electricity but also about unlocking FDI opportunities, enabling capital inflows, technology transfer, and long-term sustainable growth.
Global Green Energy Trends
1. Rising demand for renewable power
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- According to IEA, by 2030 renewable sources will account for 40% of global electricity generation.
- Solar and wind are leading this expansion, representing over 70% of new capacity additions.
- According to IEA, by 2030 renewable sources will account for 40% of global electricity generation.
2. Net Zero commitments and ESG requirements
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- More than 150 countries have pledged carbon neutrality.
- Global investors are prioritizing projects aligned with ESG principles and low-carbon development.
- More than 150 countries have pledged carbon neutrality.
3. Technology breakthroughs
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- Solar module prices have fallen by more than 80% over the last decade.
- Offshore wind turbines now reach capacities of 15MW, boosting project feasibility.
- Solar module prices have fallen by more than 80% over the last decade.
See more: Foreign investment trends in Vietnam’s infrastructure
Opportunities for International Cooperation
1. Vietnam – a rising star in Southeast Asia
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- Over 2,000–2,500 sunshine hours annually, especially in Ninh Thuan and Binh Thuan provinces.
- Estimated 600 GW wind power potential, both onshore and offshore.
- The Power Development Plan VIII sets a target of 47% renewable share by 2030.
- Over 2,000–2,500 sunshine hours annually, especially in Ninh Thuan and Binh Thuan provinces.
2. The role of FDI
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- Capital inflows: Offshore wind farms typically require $10–15 billion per project.
- Technology transfer: From digital energy management to battery storage.
- Carbon market integration: Enabling Vietnam to join global carbon credit trading.
3. Landmark FDI projects
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- La Gan Offshore Wind Project: A Danish-Vietnamese joint venture.
- Trung Nam Solar Farm: Combining domestic and foreign capital, 450 MW capacity.
- Equinor (Norway): Exploring offshore wind clusters in Central Vietnam.
- La Gan Offshore Wind Project: A Danish-Vietnamese joint venture.
The Role of A-Connection
1. Infrastructure and MEP capabilities
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- Expertise in MEP systems and fire safety solutions for renewable plants.
- Delivering substations, electrical panels, and monitoring systems to global standards.
- Expertise in MEP systems and fire safety solutions for renewable plants.
2. Bridging FDI and local partners
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- Strong record of collaboration with European, Japanese, and Korean investors.
- Acting as a facilitator to help foreign firms navigate Vietnam’s legal and technical landscape.
- Strong record of collaboration with European, Japanese, and Korean investors.
3. Commitment to green development
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- Adoption of energy-efficient technologies and eco-friendly materials.
- Supporting Vietnam’s Net Zero 2050 goals through sustainable infrastructure projects.
- Adoption of energy-efficient technologies and eco-friendly materials.
See more: Explore A-Connection’s clean energy ecosystem
Renewable energy infrastructure in Vietnam represents both a necessity and a unique opportunity. By leveraging its natural advantages and aligning with global green trends, Vietnam is set to become a clean energy hub in Asia. With government support, foreign partnerships, and contributions from experienced companies like A-Connection, the path toward a sustainable future is clearer than ever.