How is the Vietnam power market segmented?

The Vietnam power market is segmented by power generation and transmission & distribution. By power generation, the market is segmented into thermal, hydro, renewables, and other generation sources. For each segment, the market sizing and forecasts have been done based on revenue (USD billion). Need A Different Region Or Segment?

Is Vietnam a good place to invest in wind energy?

Nevertheless, Vietnam has some of the most significant wind resources, creating enormous opportunities to exploit wind energy for power generation. The factors above clubbed with foreign investment and extensive R&D projects, offer an opportunity to grow the power market in Vietnam.

Will Vietnam build a better energy future?

Building a cheaper, cleaner, and more secure energy future for Vietnam will not happen overnight. Other markets further along in development of renewable power greatly benefited from the support of the government.

Will government support and policies drive the power market in Vietnam?

Therefore, government support and policies to ensure power distribution and allocation of investments to develop transmission lines and towers to cater to consumers are expected to drive the power market in Vietnam during the forecast period. The Vietnamese power market is moderately consolidated.

Why is the power market growing in Vietnam?

Over the medium term, in Vietnam, the power market is undergoing significant transformation owing to the efforts taken by the government to improve electricity access in the country, along with its plans to increase the share of renewables in the country's power generation mix, these factors aid in driving the market growth.

Who are the key players in the Vietnam power market?

The Vietnamese power market is moderately consolidated. Some key players in this market (not in particular order) include Vietnam Electricity, Jera Co. Inc., AES Mong Duong Power Company Limited, General Electric, and Mekong Energy Company Ltd, among others. *Disclaimer: Major Players sorted in no particular order