CHAPTER 11
Renewable Energy Policy in Vietnam
Nam Hoai Nguyen, Binh Van Doan, Huyen Van Bui,
and Quyen Le Luu
Overview
Vietnam’s economic transition has led to a high economic growth rate
and remarkable poverty reduction in recent decades. This transformed
Vietnam from one of the world’s poorest countries into a lower middleincome country by 2010. The country’s high economic growth rate has
led to an increasing demand for energy, with an average growth rate
of 11.8%. Electricity demand is expected to increase during the current
decade, driven mainly by further industrialization, increased urbanization, and economic growth. The country’s energy policies have primarily
focused on building up electricity generating capacity through investment
in coal, gas, and medium and large-scale hydropower. Vietnam’s domestic
N. H. Nguyen (B) · B. Van Doan · Q. Le Luu
Institute of Energy Science, Vietnam Academy of Science and Technology,
Hanoi, Vietnam
e-mail: nhnam@ies.vast.vn
H. Van Bui
Institute of Economics, Ho Chi Minh National Politics Academy, Hanoi,
Vietnam
© The Author(s) 2021
P. Midford and E. Moe (eds.), New Challenges and Solutions
for Renewable Energy, International Political Economy Series,
https://doi.org/10.1007/978-3-030-54514-7_11
247
Renewable Energy Policy in Vietnam
Nam Hoai Nguyen, Binh Van Doan, Huyen Van Bui,
and Quyen Le Luu
Overview
Vietnam’s economic transition has led to a high economic growth rate
and remarkable poverty reduction in recent decades. This transformed
Vietnam from one of the world’s poorest countries into a lower middleincome country by 2010. The country’s high economic growth rate has
led to an increasing demand for energy, with an average growth rate
of 11.8%. Electricity demand is expected to increase during the current
decade, driven mainly by further industrialization, increased urbanization, and economic growth. The country’s energy policies have primarily
focused on building up electricity generating capacity through investment
in coal, gas, and medium and large-scale hydropower. Vietnam’s domestic
N. H. Nguyen (B) · B. Van Doan · Q. Le Luu
Institute of Energy Science, Vietnam Academy of Science and Technology,
Hanoi, Vietnam
e-mail: nhnam@ies.vast.vn
H. Van Bui
Institute of Economics, Ho Chi Minh National Politics Academy, Hanoi,
Vietnam
© The Author(s) 2021
P. Midford and E. Moe (eds.), New Challenges and Solutions
for Renewable Energy, International Political Economy Series,
https://doi.org/10.1007/978-3-030-54514-7_11
247