Over the past decade, Vietnam has emerged as one of the world’s fastest growing GDP as well as one of the fastest growth rates in power consumption. However, demand offsets the capacity for power generation, making this the main challenge for Vietnam. Industrial plants account for ~54% of Vietnam’s total energy consumption, followed by household with ~36%. To meet the challenge of growing energy demand, government reforms are underway to increase new generation capacity and allowing other companies to invest in power generation. Changes in Vietnam’s power sector therefore create promising opportunities for private investors interested in both power generation and distribution in the years to come. Vietnam’s recently improved Build-Operate-Transfer policy will draw in private investors to the market. Significant investments in advanced grid technology, data management, automation, and transmission infrastructure are also expected as the national grid of the country undergoes extensive upgrades.
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Our project experience covers the manufacturing , technology, and healthcare sectors. We aim to provide clients with the data, insights, and roadmap necessary to enter Vietnam and quickly grow their business. Contact us today in our Ho Chi Minh City or Singapore office.
By Market Research Vietnam | Posted June 3, 2017
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