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ARTICLE · 07 SEPTEMBER 2022

Vietnam Energy Future – Power Development Plan 8 – How To Get Deals Done

Duane Morris LLP
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The Institute of Energy has calculated that commercial electricity will reach 491 billion kWh by 2030, and 877 billion kWh by 2045...

VietnamEnergy and Natural Resources
Oliver Massmann
Oliver Massmann
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Vietnam 2021 Economy at a glance

  • GDP: US$220.5 billion
  • GDP per capita: US$3,743
  • GDP Growth: 2.58% (despite national  lockdown due to Covid-19)
  • Inflation: 1.84% (lowest since 2015)
  • Population: About 97.4 million 
  • Total export and import turnover :  US$  288.14 billion (increase by 22.6% compared with 2020)
  • Regional Minimum wage (Region I): VND 4,729,400 (US$ 203.9) per month (Jan 2021)
  • Vietnam's average age: 30.9 years old

Energy Sector Background

  • The Institute of Energy has calculated that commercial electricity will reach 491 billion kWh by 2030, and 877 billion kWh by 2045
  • By 2030, the total installed capacity of Vietnam's electricity sources is predicted to be at 137.2 GW (of which coal-fired power: 27%, gas thermal power: 21%, hydroelectricity: 18%, renewable energy: 29%, imported energy about 4%, pumped hydroelectricity and other energy storage devices about 1%).

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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