The Government of Vietnam has been intensifying efforts to secure its energy future by expanding its green energy sector, including reviving nuclear power projects. The country aims for 7 per cent economic growth in 2025 but faces concerns over power shortages, as only 56.7 per cent of planned power generation projects have been completed since 2021. The need for urgent action to develop sustainable energy sources to support economic expansion and prevent energy deficits between 2026 and 2028.
Vietnam is also attracting record foreign direct investment (FDI) in high-tech sectors, with USD25.35 billion disbursed in 2024, a 9.4 per cent increase from the previous year. The government is focused on bolstering energy infrastructure to support initiatives such as the USD67 billion North-South high-speed railway and electric vehicle (EV) adoption. A World Bank report projects that by 2035, Vietnam must increase electricity generation by 5 per cent and network capacity by 4 per cent to meet EV charging demands. To achieve its net-zero target by 2050, the country plans to invest up to USD9 billion in additional power projects by 2030 and allocate USD14 billion annually between 2031 and 2050.