Renewable Energy

Vietnam's foreign partners, such as AmCham and EuroCham, expect to further penetrate the domestic clean energy industry.

The estimated cost for all three stages of the project is 5.5 trillion won (US$5.18 billion).

USAID commits an additional $36 million over the next five years.

Vietnam continues to push for a green growth policy by reducing coal-based power generation and increasing the share of renewables in the total primary energy supply, Vietnam’s President has said.

Vietnam gives high priority to promoting renewable energy during its transition process to a low-carbon economy.

The wind farm is expected to be commissioned by the end of third quarter of 2021.

The project will increase Vietnam’s wind power capacity by 30%, helping the country meet rapidly growing demand for energy.

The fund will enable the construction of two onshore wind power plants that will generate about 170 million kilowatt hours of clean energy per year.

Vietnam and Laos agreed to speed up the negotiation for the revision of the Vietnam – Laos Trade Agreement signed in 2015, with the target of completing it this year.