Title:
Vietnam’s Renewable Energy Development: Opportunities, Challenges, and Future Prospects

Authors:
Hoang Thi Thu Huong, Viet Nam

Abstract:

The global transition to sustainable energy highlights the critical need for renewable energy development, particularly in emerging economies like Vietnam. This study evaluates Vietnam's renewable energy sector by analyzing opportunities, challenges, and policy implications. The findings reveal that despite Vietnam’s vast natural potential—such as hydropower, wind, solar, biomass, and geothermal energy—several barriers hinder progress, including regulatory gaps, financial constraints, and technological limitations. The study quantifies renewable energy growth, showing an average annual increase of 10.9% in renewable electricity generation from 2011 to 2019. Additionally, government policies, including tax incentives and feed-in tariffs, have significantly contributed to the expansion of solar and wind power, which reached 9,639 MWp and 419.55 MW, respectively. However, policy inconsistencies and grid limitations continue to pose challenges. To address these, the study proposes targeted policy recommendations to improve investment mechanisms, enhance technological capabilities, and establish a more robust regulatory framework. The results contribute to policy discussions on sustainable energy transitions by providing empirical insights relevant to both national and international energy strategies.

DOI: https://doi.org/10.51505/IJEBMR.2025.9310