Can Vietnam achieve net-zero emissions by 2050?

The report shows how Vietnam through the expansion of renewable energy, along with electrification of the industry and transport sectors, can secure a cost-efficient green transition and reach its target of net-zero emissions by 2050, while reducing Vietnam’s dependence on energy imports.

Who is Vergo solar?

Vergo is a pioneer solar mounting structure company exceeding 8.5 GWp worldwide references in 8 years.

What energy resources does Vietnam have?

Vietnam has a diverse energy fuel resource of various types such as coal, natural gas, petroleum, hydropower and renewables such as solar and wind energy. The country has recently been successful in renewable energy deployment, especially solar and wind power development. Coal has been the key power generation source since 2018.

Will Vietnam face an electricity shortage?

Vietnam’s Energy Ministry predicts that the country is likely to face an electricity shortage as the development of new power plants lags behind the country’s rapidly growing energy consumption. The government allowed Vietnamese companies to have 100% foreign ownership in the energy sector.

Can Vietnam transform its energy sector from fossil fuels to renewables?

With enormous potential for solar power, onshore and offshore wind power, Vietnam is well positioned to transform its energy sector from fossil fuels to renewable energy and leverage its national resources.

What are the main sources of electricity in Vietnam?

Coal-fired and hydropower plants are the two largest sources of electricity in Vietnam. Other energy sources providing electricity currently account for a small share, but their growth rates are increasing rapidly in line with the needs of the economy and the need to diversify the energy sector. 5.2. Fossil Energy (1) Coal