Vietnam’s renewables need long-term strategy, faster localisation

The Vietnamese government has implemented numerous preferential policies, aimed at supporting renewable energy. — VNA/VNS

HANOI: Without a long-term strategy and faster localisation, Vietnam’s energy sector could very well fall short in the competition for renewable energy market share on home ground, say industry insiders and experts.

In a recent study by UK-based think tank Ember, Vietnam accounted for 69% of all solar and wind power output in Asean in 2022, which was estimated at 50 terawatt hours.