{"id":22684,"date":"2025-10-13T14:43:05","date_gmt":"2025-10-13T07:43:05","guid":{"rendered":"https:\/\/b-company.jp\/?p=22684"},"modified":"2025-10-13T15:18:52","modified_gmt":"2025-10-13T08:18:52","slug":"vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/","title":{"rendered":"\u30d9\u30c8\u30ca\u30e0\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\uff1a\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u5e02\u5834\u53c2\u5165\u30ac\u30a4\u30c9"},"content":{"rendered":"<div class=\"vc_row wpb_row vc_row-fluid\"><\/div><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_message_box vc_message_box-standard vc_message_box-rounded vc_color-info\" ><div class=\"vc_message_box-icon\"><i class=\"fas fa-info-circle\"><\/i><\/div><p><em>B&amp;Company is the first Japanese company specializing in market research and investment consulting in Vietnam since 2008.<\/em><\/p>\n<p><em>In this section &#8220;Vietnam Briefing&#8221;, young researchers of B&amp;Company will provide timely information of Vietnam&#8217;s industrial trends, consumer trends, and social movements.<\/em><\/p>\n<p><em>This article is written in English and automatic translation is used for other language versions. Please refer to the English version for accurate content. Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher. <\/em><\/p>\n<\/div>\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n<p>Vietnam\u2019s renewable energy market is one of Southeast Asia\u2019s most dynamic, driven by rapid economic growth and strong government commitments. Renewables already account for about 27% of Vietnam\u2019s installed power capacity. Recent policies under Power Development Plan VIII (PDP8) aim to boost this further \u2013 targeting 28-36% of electricity generation from renewables by 2030. It highlights the robust opportunities for foreign investors penetrating Vietnam renewable energy market.<\/p>\n<h3>Market Overview of Vietnam\u2019s Renewable Energy Market<\/h3>\n<p>Vietnam has experienced a renewable energy boom in the past decade, transforming from a minor player to a regional leader. By the end of 2023, Vietnam had the largest solar capacity in Southeast Asia (18.6 GW)<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=In%20recent%20years%2C%20Vietnam%20has,fossil%20fuels%20and%20align%20with\">[1]<\/a>. Renewables (mainly solar and wind) now make up roughly 27% of the country\u2019s installed power capacity<a href=\"https:\/\/b-company.jp\/introduction-of-some-main-industries-in-vietnam-a-strategic-guide-for-foreign-investors\/#:~:text=Energy%20demand%20in%20the%20Vietnamese,8\">[2]<\/a>, a remarkable increase fueled by supportive policies and Vietnam\u2019s favorable geography (abundant sun and a 3,000 km coastline with strong winds).<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nInstalled power capacity in Vietnam<img decoding=\"async\" class=\"aligncenter size-full wp-image-22685\" src=\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/15.png\" alt=\"\" width=\"681\" height=\"318\" srcset=\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/15.png 681w, https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/15-300x140.png 300w, https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/15-18x8.png 18w\" sizes=\"(max-width: 681px) 100vw, 681px\" \/><\/strong><\/p>\n<p style=\"text-align: center;\">Source: B&amp;Company compilation<\/p>\n<p>The government\u2019s orientation is firmly pro-renewables, motivated by energy security and climate commitments. Under the newly approved PDP8 (2023), Vietnam targets renewable sources to supply 28-36% of electricity by 2030, rising to 74-75% by 2050<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=Vietnam%E2%80%99s%20renewable%20energy%20sector%20has,shift%20in%20national%20energy%20priorities\">[3]<\/a> \u2013 a drastic shift from its past reliance on coal and hydropower. Accordingly, Vietnam aims to maximize electricity generation from renewable sources, particularly solar and wind.<\/p>\n<p style=\"text-align: center;\"><strong>Power source structure in Vietnam towards 2030 and 2050<\/strong><\/p>\n<table width=\"602\">\n<tbody>\n<tr style=\"background-color: #E0F4FF;\">\n<td rowspan=\"2\" width=\"184\"><strong>Power source <\/strong><\/td>\n<td colspan=\"2\" width=\"215\"><strong>Power capacity 2030<\/strong><\/td>\n<td colspan=\"2\" width=\"203\"><strong>Power capacity 2050<\/strong><\/td>\n<\/tr>\n<tr style=\"background-color: #E0F4FF;\">\n<td width=\"130\">MW<\/td>\n<td width=\"85\">%<\/td>\n<td width=\"129\">MW<\/td>\n<td width=\"73\">%<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Solar<\/td>\n<td width=\"130\">46,459 &#8211; 73,416<\/td>\n<td width=\"85\">25-31<\/td>\n<td width=\"129\">293,088 \u2013 295,646<\/td>\n<td width=\"73\">35-38<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Hydro<\/td>\n<td width=\"130\">33,294 &#8211; 34,667<\/td>\n<td width=\"85\">15-18<\/td>\n<td width=\"129\">40,624<\/td>\n<td width=\"73\">5<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Onshore and nearshore wind<\/td>\n<td width=\"130\">26,066 &#8211; 38,029<\/td>\n<td width=\"85\">14-16<\/td>\n<td width=\"129\">84,696 &#8211; 91,400<\/td>\n<td width=\"73\">11<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Coal-fired thermal power<\/td>\n<td width=\"130\">31,055<\/td>\n<td width=\"85\">13-17<\/td>\n<td width=\"129\">0<\/td>\n<td width=\"73\">0<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Storage power source<\/td>\n<td width=\"130\">10,000 &#8211; 16,300<\/td>\n<td width=\"85\">5-7<\/td>\n<td width=\"129\">95,983 \u2013 96,120<\/td>\n<td width=\"73\">11-12<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Offshore wind<\/td>\n<td width=\"130\">6,000 &#8211; 17,032<\/td>\n<td width=\"85\">3-7<\/td>\n<td width=\"129\">113,503 &#8211; 139,097<\/td>\n<td width=\"73\">15-17<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Nuclear power<\/td>\n<td width=\"130\">4,000 &#8211; 6,400<\/td>\n<td width=\"85\">2-3<\/td>\n<td width=\"129\">10,500 &#8211; 14,000<\/td>\n<td width=\"73\">1-2<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Biomass<\/td>\n<td width=\"130\">1,523 &#8211; 2,699<\/td>\n<td width=\"85\">1<\/td>\n<td width=\"129\">4,829 \u2013 6,960<\/td>\n<td width=\"73\">1<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Waste-to-energy<\/td>\n<td width=\"130\">1,441 \u2013 2,137<\/td>\n<td width=\"85\">1<\/td>\n<td width=\"129\">1,784 -2,137<\/td>\n<td width=\"73\">0.2-0.3<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Other power sources<\/td>\n<td width=\"130\">14,628-23,453<\/td>\n<td width=\"85\">6-13<\/td>\n<td width=\"129\">129,496-152,697<\/td>\n<td width=\"73\">17-18<\/td>\n<\/tr>\n<tr>\n<td width=\"184\">Total<\/td>\n<td width=\"130\">183,291 \u2013 236,363<\/td>\n<td width=\"85\">100<\/td>\n<td width=\"129\">774,503 &#8211; 838,681<\/td>\n<td width=\"73\">100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">Source: Decision 768\/Q\u0110-TTg<\/p>\n<p>Vietnam initially used generous feed in tariffs (FiTs) from 2019 to 2021 to jumpstart solar and wind. Wind capacity rose from 53 MW in 2013 to about 5,888 MW in 2023. Grid bottlenecks then caused about 1.3 billion kWh of solar curtailment in 2022. Policy now pivots to sustainable growth through grid upgrades, a 2024 direct power purchase agreement for sales to large users, and promotion of storage, grid digitalization, and rooftop solar with a goal of 50 percent of buildings by 2030. The regime is moving from fixed FiTs to competitive auctions, while incentives such as tax holidays and import duty exemptions remain to attract foreign capital and expertise.<\/p>\n<h3>Main Players in Vietnam\u2019s Renewable Energy Market<\/h3>\n<p>Historically, foreign investors have been the primary drivers of Vietnam\u2019s renewable rollout. Companies from Thailand, Singapore, Japan, and elsewhere brought in capital and technology to build early solar farms and wind parks. However, it also raised questions about domestic companies\u2019 role in large projects. Now the trend is shifting as Vietnamese powerhouses step up. Several local conglomerates (Vingroup, Trungnam, TTC, BIM, etc.) are aggressively expanding in clean energy.<\/p>\n<table width=\"629\">\n<tbody>\n<tr style=\"background-color: #E0F4FF;\">\n<td width=\"36\"><strong>No<\/strong><\/td>\n<td width=\"95\"><strong>Company<\/strong><\/td>\n<td width=\"58\"><strong>Founded<\/strong><\/td>\n<td width=\"74\"><strong>Headquarters<\/strong><\/td>\n<td width=\"78\"><strong>Country<\/strong><\/td>\n<td width=\"288\"><strong>Profile<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"36\">1<\/td>\n<td width=\"95\">Vietnam Electricity (EVN)<\/td>\n<td width=\"58\">1995<\/td>\n<td width=\"74\">Hanoi<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">State-owned utility monopoly (generation, grid, retail). Controls most of Vietnam\u2019s power infrastructure and is the sole off taker for IPP projects. EVN operates large hydro plants and is critical for integrating new renewable capacity.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">2<\/td>\n<td width=\"95\">Vingroup (VinEnergo)<\/td>\n<td width=\"58\">1993<\/td>\n<td width=\"74\">Hanoi<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">Vietnam\u2019s largest conglomerate (real estate, retail, auto) entering energy via VinEnergo (launched 2024). Plans massive solar and wind projects (e.g. proposed 4.5 GW offshore wind)<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=and%20central%20Vietnam%20by%202030\">[4]<\/a>, signaling growing domestic investment in renewables.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">3<\/td>\n<td width=\"95\">Trungnam Group<\/td>\n<td width=\"58\">2004<\/td>\n<td width=\"74\">Hanoi<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">Leading private energy developer in Vietnam. Built some of the biggest renewable projects, including a 450\u00a0MW solar farm and the country\u2019s largest wind farm (400\u00a0MW Ea Nam in \u0110\u1eafk L\u1eafk)<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=Separately%2C%20other%20major%20renewable%20projects,in%20the%20country%20%2062\">[5]<\/a>. Also invests in grid infrastructure and battery storage.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">4<\/td>\n<td width=\"95\">TTC Group (Thanh Thanh Cong)<\/td>\n<td width=\"58\">1979<\/td>\n<td width=\"74\">Ho Chi Minh City<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">Diversified conglomerate (sugar, real estate, energy). Through its energy arm (TTC Energy\/GEC), TTC has developed solar farms and wind projects. Partnered with foreign investors like Gulf (Thailand) on solar plants<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=8%20Onshore%20Wind%20Farms%2C%20Gia,14%5D%20Copenhagen%20Infrastructure%20Partners%20%28CIP\">[6]<\/a> and owns wind projects (e.g. 300\u00a0MW in B\u1ea1c Li\u00eau)<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=Ea%20Nam%20Wind%20Complex%20,BIM%20Group%2088%2022%204\">[7]<\/a>.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">5<\/td>\n<td width=\"95\">Bamboo Capital (BCG)<\/td>\n<td width=\"58\">2011<\/td>\n<td width=\"74\">Ho Chi Minh City<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">Emerging conglomerate focusing on infrastructure and renewable energy (via BCG Energy). Has invested in multiple solar farms (e.g. Ph\u00f9 M\u1ef9 solar complex) and wind projects. BCG often collaborates with international partners; aims to expand its clean energy portfolio nationwide.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">6<\/td>\n<td width=\"95\">BIM Group<\/td>\n<td width=\"58\">1994<\/td>\n<td width=\"74\">Hanoi<\/td>\n<td width=\"78\">Vietnam<\/td>\n<td width=\"288\">Major private conglomerate (real estate, agriculture) with a renewables division. Developed one of Vietnam\u2019s largest solar farms (330\u00a0MW in Ninh Thu\u1eadn) in partnership with ACEN of the Philippines<a href=\"https:\/\/en.wikipedia.org\/wiki\/ACEN_Corporation#:~:text=In%20June%202018%2C%20ACEN%20entered,15\">[8]<\/a>. BIM is expanding into wind power and other green projects as well.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">7<\/td>\n<td width=\"95\">Gulf Energy Development<\/td>\n<td width=\"58\">2011<\/td>\n<td width=\"74\">Bangkok<\/td>\n<td width=\"78\">Thailand<\/td>\n<td width=\"288\">One of Thailand\u2019s largest power companies, actively investing in Vietnam\u2019s energy sector. Gulf has stakes in various projects \u2013 from solar farms in T\u00e2y Ninh (joint venture with TTC Group)<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=8%20Onshore%20Wind%20Farms%2C%20Gia,14%5D%20Copenhagen%20Infrastructure%20Partners%20%28CIP\">[9]<\/a> to onshore and offshore wind farms (e.g. 310\u00a0MW offshore wind in B\u1ebfn Tre)<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=,200%20million%2C%2049%20MW%20capacity\">[10]<\/a>.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">8<\/td>\n<td width=\"95\">B.Grimm Power<\/td>\n<td width=\"58\">1878<\/td>\n<td width=\"74\">Bangkok<\/td>\n<td width=\"78\">Thailand<\/td>\n<td width=\"288\">Thailand\u2019s oldest infrastructure conglomerate, operating many power plants. B.Grimm was an early foreign investor in Vietnam\u2019s solar sector \u2013 for example, it co-developed the 420\u00a0MW Dau Tieng solar cluster (one of Asia\u2019s largest) \u2013 and continues to explore new renewable projects in Vietnam.<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">9<\/td>\n<td width=\"95\">ACEN (Ayala Corporation)<\/td>\n<td width=\"58\">2011<\/td>\n<td width=\"74\">Manila<\/td>\n<td width=\"78\">Philippines<\/td>\n<td width=\"288\">The Ayala Group\u2019s energy arm and a leading renewable investor in Southeast Asia. ACEN has ~7 GW in renewables and entered Vietnam by co-developing solar and wind projects. It partnered with BIM Group to build 330\u00a0MW of solar capacity in Ninh Thu\u1eadn<a href=\"https:\/\/en.wikipedia.org\/wiki\/ACEN_Corporation#:~:text=In%20June%202018%2C%20ACEN%20entered,15\">[11]<\/a> and has stakes in multiple wind farms (e.g. 40\u00a0MW M\u0169i N\u00e9 wind).<\/td>\n<\/tr>\n<tr>\n<td width=\"36\">10<\/td>\n<td width=\"95\">Orsted A\/S<\/td>\n<td width=\"58\">2006<\/td>\n<td width=\"74\">Fredericia<\/td>\n<td width=\"78\">Denmark<\/td>\n<td width=\"288\">World\u2019s largest offshore wind developer. Orsted is exploring Vietnam\u2019s offshore wind potential, having signed agreements with local partners (e.g. T&amp;T Group) to study giant offshore wind farms along Vietnam\u2019s coast. Though projects are in preliminary stages, Orsted\u2019s involvement brings valuable expertise and confidence to Vietnam\u2019s nascent offshore wind segment.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;\">Sources: B&amp;Company compilation<\/p>\n<p>Another insight is the breadth of the market \u2013 spanning solar PV (both utility-scale and rooftop), onshore wind, and the frontier of offshore wind. Different players specialize in different segments. For instance, some companies (like B.Grimm or ACEN) focus on solar and onshore wind farms, whereas Orsted and CIP (Denmark) target offshore wind opportunities. The main utility EVN underpins the entire sector, as all projects ultimately connect to EVN\u2019s grid and sell power to it under long-term PPAs. Any investor must work within the EVN single-buyer model and its evolving regulations.<\/p>\n<h3>Opportunities and Challenges in Vietnam\u2019s Renewable Energy Market<\/h3>\n<p>Entering Vietnam\u2019s renewable energy market offers tremendous promise but also comes with pitfalls to navigate. Foreign investors should weigh the following opportunities and challenges to approach the market:<\/p>\n<h4>Key Opportunities<\/h4>\n<table>\n<tbody>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Booming Energy Demand<\/strong><\/td>\n<td width=\"499\">Vietnam\u2019s electricity demand is forecast to grow ~10\u201312% annually through 2030<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=,and%20high%20returns%20on%20investment\">[12]<\/a>. This growth, plus government limits on new coal plants, creates huge room for renewables to expand. Projects that can deliver reliable power will find a ready market and high utilization rates.<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Abundant Natural Potential<\/strong><\/td>\n<td width=\"499\">Vietnam has world-class renewable resources. Solar radiation is high in the south, and offshore wind potential is estimated at 311 GW \u2013 among the largest globally<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=,wind%20technology%20and%20expertise%20in\">[13]<\/a>. This unparalleled resource base means Vietnam could host many gigawatts of profitable solar farms and wind parks, including large offshore wind farms that few other ASEAN nations can support.<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Government Support &amp; Net-Zero Goal<\/strong><\/td>\n<td width=\"499\">The government\u2019s policy environment remains very supportive. Incentives like tax holidays, land rent exemptions, and low import duties for renewable equipment are available<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=,foreign%20capital%20into%20its%20energy\">[14]<\/a>. Vietnam\u2019s commitment to net-zero emissions by 2050 (pledged at COP26) and PDP8 targets indicate strong political will to favor clean energy projects<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=Vietnam%E2%80%99s%20commitment%20to%20renewable%20energy,avenue%20for%20growth%20and%20investment\">[15]<\/a>. Foreign investors with long-term vision can benefit from a generally favorable, stable policy trend (despite short-term adjustments as FiTs evolve to auctions).<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Untapped Segments<\/strong><\/td>\n<td width=\"499\">Beyond grid-scale plants, segments like rooftop solar, battery storage, and green hydrogen are nascent and encouraged by policy<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=while%20bolstering%20long,scale%20plants%20%5B7\">[16]<\/a>. Foreign investors can carve niches in providing advanced solutions (e.g. storage systems, smart grid tech) that Vietnam is incentivizing to improve grid resilience and integrate renewables.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>Key Challenges<\/h4>\n<table>\n<tbody>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Regulatory Uncertainty<\/strong><\/td>\n<td width=\"499\">While Vietnam\u2019s direction is pro-renewables, policy details can shift. The transition from fixed FiTs to an auction model introduced uncertainty in project economics<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=,a%20more%20predictable%20business%20environment\">[17]<\/a>. Procedures for project approvals, PPA negotiations, and tariff setting can be lengthy and bureaucratic. Investors must stay agile and informed as regulations (e.g. auction rules, grid codes) are still evolving. Regulatory inconsistency or delays in implementation remain a top concern<a href=\"https:\/\/b-company.jp\/wind-energy-in-vietnam-and-potential-for-foreign-investors\/#:~:text=,a%20more%20predictable%20business%20environment\">[18]<\/a>.<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Grid Infrastructure Constraints<\/strong><\/td>\n<td width=\"499\">The power grid is underdeveloped relative to the rapid renewables growth. Many solar\/wind projects face curtailment due to transmission bottlenecks<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=,in%202022%20alone%20%2048\">[19]<\/a>. The weakest links are in exactly the regions with richest renewable resources (central and southern Vietnam). Until grid upgrades catch up (which government is addressing, but will take time), new projects risk output curtailment or connection delays. Foreign investors should factor in grid expansion timelines and possibly invest in or advocate for grid improvements as part of project planning.<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>PPA and Bankability Issues<\/strong><\/td>\n<td width=\"499\">Vietnam\u2019s standard PPA for renewables has been criticized for lacking certain investor protections (e.g. no sovereign guarantee for EVN\u2019s payment obligations, dispute resolution difficulties). While many projects still secured financing, these contractual and currency risks can raise financing costs. Investors might face challenges in raising non-recourse project finance unless these terms improve or are mitigated by guarantees.<\/td>\n<\/tr>\n<tr>\n<td width=\"139\" style=\"background-color: #E0F4FF; vertical-align: top; padding: 8px;\"><strong>Land and Permitting Hurdles<\/strong><\/td>\n<td width=\"499\">Securing land rights and permits can be complex. Renewable projects must undergo environmental impact assessments, and offshore wind requires extensive marine spatial planning. Overlaps with local communities (fishing zones for offshore, farmland for solar) can lead to social opposition if not managed. For example, some wind farms had to conduct lengthy community consultations before proceeding. Foreign developers must navigate local land acquisition and stakeholder engagement carefully, often relying on local partners to handle on-the-ground issues.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Implication for Market Entry in Vietnam\u2019s Renewable Energy Market<\/h3>\n<p>Vietnam\u2019s renewable energy market presents a compelling opportunity for foreign investors to participate in one of Asia\u2019s fastest energy transitions. Success will depend on understanding the local market intricacies: aligning with government plans, collaborating with local stakeholders, and mitigating infrastructure and regulatory risks.<\/p>\n<p><strong>&#8211; Priority sectors<\/strong>: include wind power, solar power, commercial and industrial rooftop solar, battery energy storage, grid digitalization. The strong regional opportunities are the south-central corridor such as Binh Thuan, Ninh Thuan, and Ba Ria\u2013Vung Tau for wind and solar; the Mekong Delta coast such as Soc Trang, Tra Vinh, Ben Tre, Bac Lieu for nearshore and offshore wind; the southeast solar belt of Tay Ninh, Binh Phuoc, Long An, and An Giang for large solar paired with storage; the northern industrial cluster of Bac Ninh, Bac Giang, Hai Phong, Hai Duong, Thai Nguyen, and Quang Ninh for scalable rooftop portfolios.<\/p>\n<p><strong>&#8211; Partner with Credible Local Firms:<\/strong> Form joint ventures or partnerships with established Vietnamese companies can assist in navigating regulatory processes, land acquisition, and community relations, while also meeting government expectations for local participation. Successful market entrants often emulate this approach of \u201clocalization\u201d \u2013 blending foreign capital and tech with domestic stakeholder engagement.<\/p>\n<p><strong>&#8211; Focus on Grid-friendly Solutions:<\/strong> Given grid constraints, investors who incorporate solutions (energy storage, grid upgrades, or hybrid projects combining solar, wind, and storage) will have an edge in project approval and performance. Engaging with EVN and authorities on grid integration plans \u2013 or investing in dedicated transmission for your project \u2013 can mitigate curtailment risk. Vietnam is encouraging projects with batteries or those near consumption centers<a href=\"https:\/\/b-company.jp\/vietnams-renewable-energy-boom-southeast-asias-leader-with-vingroup-emerging-as-a-key-domestic-player\/#:~:text=while%20bolstering%20long,scale%20plants%20%5B7\">[7]<\/a>, so tailoring proposals accordingly improves success likelihood.<\/p>\n<p><strong>&#8211; Long-Term Commitment and Flexibility:<\/strong> Building relationships with regulators (e.g. Ministry of Industry and Trade, ERAV) and staying adaptable to policy changes is crucial. Patience may be needed during policy transitions (such as tariff adjustments or lengthy approval queues).<\/p>\n<div style=\"background-color: #e0f4ff; \/* xanh da tr\u1eddi nh\u1ea1t *\/ border: 1px solid #004C91; \/* vi\u1ec1n xanh \u0111\u1eadm *\/ color: #000000; \/* ch\u1eef \u0111en *\/ padding: 15px 20px;\">\n<p><strong>B&amp;Company<\/strong> is a Japan-owned market research and investment consulting firm based in Vietnam, helping foreign investors enter and scale in the Vietnamese market with confidence. Drawing on deep local insight into the Vietnam renewable energy market and a trusted network of partners, we support investors through:<\/p>\n<p><strong>&#8211; Market research reports:<\/strong> An up-to-date market view (size, policy, grid, competition) with clear go\/no-go recommendations and prioritized provinces and sectors.<\/p>\n<p><strong>&#8211; Partner search in Vietnam:<\/strong> Long-list to short-list of partners, reputation checks, and curated meetings to secure a joint-venture partner.<\/p>\n<p><strong>&#8211; M&amp;A advisory:<\/strong> Deal sourcing and due diligence support (technical, commercial, legal, and ESG)<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><em>* If you wish to quote any information from this article, please kindly cite the source along with the link to the original article to respect copyright.<\/em><\/p>\n<table width=\"715\">\n<tbody>\n<tr>\n<td width=\"711\"><strong><em>B&amp;Company<\/em><\/strong><\/p>\n<p>The first Japanese company specializing in market research in Vietnam since 2008. We provide a wide range of services including industry reports, industry interviews, consumer surveys, business matching. Additionally, we have recently developed a database of over 900,000 companies in Vietnam, which can be used to search for partners and analyze the market.<\/p>\n<p>Please do not hesitate to contact us if you have any queries.<\/p>\n<p><a href=\"mailto:info@b-company.jp\"><em>info@b-company.jp<\/em><\/a><em>\u00a0<strong>+ (84) 28 3910 3913<\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30d9\u30c8\u30ca\u30e0\u306e\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\u306f\u3001\u6025\u901f\u306a\u7d4c\u6e08\u6210\u9577\u3068\u653f\u5e9c\u306e\u5f37\u529b\u306a\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u306b\u727d\u5f15\u3055\u308c\u3001\u6771\u5357\u30a2\u30b8\u30a2\u3067\u6700\u3082\u6d3b\u529b\u306e\u3042\u308b\u5e02\u5834\u306e\u4e00\u3064\u3067\u3059\u3002\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u306f\u65e2\u306b\u30d9\u30c8\u30ca\u30e0\u306e\u8a2d\u7f6e\u96fb\u529b\u5bb9\u91cf\u306e\u7d04271\u5104\u30c8\u30f3\uff08TP3T\uff09\u3092\u5360\u3081\u3066\u3044\u307e\u3059\u3002<\/p>","protected":false},"author":3,"featured_media":22686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1357,85],"tags":[1250],"class_list":["post-22684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-press-release-en","category-vietnam-briefing","tag-resources-energy-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vietnam Renewable Energy Market: A Market Entry Guide for Foreign Investors - B-Company<\/title>\n<meta name=\"description\" content=\"This analyzes high-value aquaculture and staple rice production case studies, offering clear examples of the ROI in agriculture in Vietnam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vietnam Renewable Energy Market: A Market Entry Guide for Foreign Investors\" \/>\n<meta property=\"og:description\" content=\"This analyzes high-value aquaculture and staple rice production case studies, offering clear examples of the ROI in agriculture in Vietnam.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"B-Company\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-13T07:43:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T08:18:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"B&amp;Company Vietnam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"B&amp;Company Vietnam\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593\" \/>\n\t<meta name=\"twitter:data2\" content=\"11\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/\",\"url\":\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/\",\"name\":\"Vietnam Renewable Energy Market: A Market Entry Guide for Foreign Investors - B-Company\",\"isPartOf\":{\"@id\":\"https:\/\/b-company.jp\/vi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg\",\"datePublished\":\"2025-10-13T07:43:05+00:00\",\"dateModified\":\"2025-10-13T08:18:52+00:00\",\"author\":{\"@id\":\"https:\/\/b-company.jp\/vi\/#\/schema\/person\/f40eb53b8ff521146838bce1186f866e\"},\"description\":\"This analyzes high-value aquaculture and staple rice production case studies, offering clear examples of the ROI in agriculture in Vietnam.\",\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage\",\"url\":\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg\",\"contentUrl\":\"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg\",\"width\":1920,\"height\":1440},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/b-company.jp\/vi\/#website\",\"url\":\"https:\/\/b-company.jp\/vi\/\",\"name\":\"B-Company\",\"description\":\"Vietnam Market Research &amp; Investment Consulting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/b-company.jp\/vi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/b-company.jp\/vi\/#\/schema\/person\/f40eb53b8ff521146838bce1186f866e\",\"name\":\"B&amp;Company Vietnam\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\/\/b-company.jp\/vi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/c710a95c38e556ec059da88a68ccf844a0f0bc9dfbb0293babfe5fbd1730e55a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/c710a95c38e556ec059da88a68ccf844a0f0bc9dfbb0293babfe5fbd1730e55a?s=96&d=mm&r=g\",\"caption\":\"B&amp;Company Vietnam\"},\"url\":\"https:\/\/b-company.jp\/ja\/author\/lynth\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"\u30d9\u30c8\u30ca\u30e0\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\uff1a\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u5e02\u5834\u53c2\u5165\u30ac\u30a4\u30c9 - B-Company","description":"\u3053\u308c\u306f\u3001\u9ad8\u4fa1\u5024\u306e\u6c34\u7523\u990a\u6b96\u3068\u4e3b\u98df\u7528\u7c73\u306e\u751f\u7523\u306e\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u3092\u5206\u6790\u3057\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u8fb2\u696d\u306b\u304a\u3051\u308b ROI \u306e\u660e\u78ba\u306a\u4f8b\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/","og_locale":"ja_JP","og_type":"article","og_title":"Vietnam Renewable Energy Market: A Market Entry Guide for Foreign Investors","og_description":"This analyzes high-value aquaculture and staple rice production case studies, offering clear examples of the ROI in agriculture in Vietnam.","og_url":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/","og_site_name":"B-Company","article_published_time":"2025-10-13T07:43:05+00:00","article_modified_time":"2025-10-13T08:18:52+00:00","og_image":[{"width":1920,"height":1440,"url":"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg","type":"image\/jpeg"}],"author":"B&amp;Company Vietnam","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"B&amp;Company Vietnam","\u63a8\u5b9a\u8aad\u307f\u53d6\u308a\u6642\u9593":"11\u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/","url":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/","name":"\u30d9\u30c8\u30ca\u30e0\u518d\u751f\u53ef\u80fd\u30a8\u30cd\u30eb\u30ae\u30fc\u5e02\u5834\uff1a\u5916\u56fd\u4eba\u6295\u8cc7\u5bb6\u5411\u3051\u5e02\u5834\u53c2\u5165\u30ac\u30a4\u30c9 - B-Company","isPartOf":{"@id":"https:\/\/b-company.jp\/vi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage"},"image":{"@id":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg","datePublished":"2025-10-13T07:43:05+00:00","dateModified":"2025-10-13T08:18:52+00:00","author":{"@id":"https:\/\/b-company.jp\/vi\/#\/schema\/person\/f40eb53b8ff521146838bce1186f866e"},"description":"\u3053\u308c\u306f\u3001\u9ad8\u4fa1\u5024\u306e\u6c34\u7523\u990a\u6b96\u3068\u4e3b\u98df\u7528\u7c73\u306e\u751f\u7523\u306e\u30b1\u30fc\u30b9\u30b9\u30bf\u30c7\u30a3\u3092\u5206\u6790\u3057\u3001\u30d9\u30c8\u30ca\u30e0\u306e\u8fb2\u696d\u306b\u304a\u3051\u308b ROI \u306e\u660e\u78ba\u306a\u4f8b\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002","inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/b-company.jp\/ja\/vietnam-renewable-energy-market-a-market-entry-guide-for-foreign-investors\/#primaryimage","url":"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg","contentUrl":"https:\/\/b-company.jp\/wp-content\/uploads\/2025\/10\/sang-eun-kim-Qwh3mrRCtAo-unsplash.jpg","width":1920,"height":1440},{"@type":"WebSite","@id":"https:\/\/b-company.jp\/vi\/#website","url":"https:\/\/b-company.jp\/vi\/","name":"B\u793e","description":"\u30d9\u30c8\u30ca\u30e0\u5e02\u5834\u8abf\u67fb\u3068\u6295\u8cc7\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/b-company.jp\/vi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Person","@id":"https:\/\/b-company.jp\/vi\/#\/schema\/person\/f40eb53b8ff521146838bce1186f866e","name":"B&amp;\u30ab\u30f3\u30d1\u30cb\u30fc\u30d9\u30c8\u30ca\u30e0","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/b-company.jp\/vi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/c710a95c38e556ec059da88a68ccf844a0f0bc9dfbb0293babfe5fbd1730e55a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c710a95c38e556ec059da88a68ccf844a0f0bc9dfbb0293babfe5fbd1730e55a?s=96&d=mm&r=g","caption":"B&amp;Company Vietnam"},"url":"https:\/\/b-company.jp\/ja\/author\/lynth\/"}]}},"_links":{"self":[{"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/posts\/22684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/comments?post=22684"}],"version-history":[{"count":22,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/posts\/22684\/revisions"}],"predecessor-version":[{"id":22708,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/posts\/22684\/revisions\/22708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/media\/22686"}],"wp:attachment":[{"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/media?parent=22684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/categories?post=22684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/b-company.jp\/ja\/wp-json\/wp\/v2\/tags?post=22684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}