The national power development plan VIII (PDPVIII) published by Vietnam’s Ministry of Industry and Trade (MOIT) contains plans to increase wind energy production from 600MW in 2020 to over 11 gigawatts (GW) in 2030 and solar power will grow to 19GW20GW in 2030. 35 potential offshore wind projects are included in the plan. Total renewable energy generation from wind and solar sources will reach 39.8GW by 2030 under the plan. It also reports that MOIT does not plan any development of new coal-fired power plants, except for those currently under construction and those due to be operational in five years.
Vietnam is expected to require about 130 GW of electricity by 2030, more than double the 54 GW (as of 2020). Independent sources report that electricity consumption has increased by 13% annually since 2000.
Vietnams wind profile shows an average wind speeds of 7.2m/s at 100 m. According to Global Wind Energy Council, its estimated technical potential for onshore wind is around 24 GW.
The total installed capacity of electricity sources in the country is expected to reach 137.2 gigawatts (GW) by 2030, which includes 27% from coal-fired thermal power, 21% from gas thermal power, 18% from hydroelectricity, 29% from wind power, solar and renewable energy and 4% from the imported sources and 1% from other types of energy from storage devices. It is reported $128.3bn investment will be needed in 2021-2030, including $95.4bn for generation and $32.9bn for the grid. Link to the news: https://www.vestas.com/en/media/blog/markets/20200901_vietnamboom