VIETNAM AT THE CENTRE OF ASIA’S ENERGY EXPANSION
Asia’s energy demand is rising at unprecedented scale, intensifying the need for new supply, stronger infrastructure and sustained investment across the region.
As one of Asia’s most dynamic energy markets, Vietnam is advancing a substantial investment pipeline across LNG, power generation, transmission, renewables, energy storage and grid modernisation. Driven by the implementation of the Revised Power Development Plan VIII, more than US$136 billion in generation and transmission investment is required by 2030 to meet rising electricity demand and sustain economic growth.
The market is now firmly in execution mode. Projects are progressing, infrastructure is being delivered and capital deployment is accelerating, creating major opportunities for utilities, developers, investors, EPCs and technology providers across the energy value chain.
MARKET OPPORTUNITY
A market defined by scale, investment, and sustained energy demand growth
$136 BN
Planned energy investment under PDP8 by 2030
>3X
Increase in power demand by 2050
90 GW
Renewable energy capacity targeted by 2030
$38BN+
Annual FDI inflows driving industrial and energy demand
1,100TWh+
Projected electricity demand by 2050
104GW
Planned ASEAN cross-border transmission capacity by 2030
Strengthening the national grid
The 519-kilometre 500kV Circuit 3 transmission line was completed in six months, strengthening electricity transfer between central and northern Vietnam and demonstrating the country’s ability to deliver strategic infrastructure at pace.
Establishing LNG-to-Power capacity
The US$1.4 billion Nhon Trach 3 and 4 complex entered commercial operation in 2025. With 1,624MW of combined capacity, it is Vietnam’s first LNG-to-power complex and an important source of system flexibility.
Opening new routes to market
Vietnam’s direct power purchase mechanism is opening new routes between renewable generators and large electricity users, supporting greater private-sector participation.
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