In Decision No 262/QD-TTg dated April 1, 2024, the Prime Minister approved the implementation plan for the National Power Development Master Plan in the 2021-2030 period with a vision to 2050.

Vietnam attracted foreign direct investment of 106.8 billion USD into its renewable energy sector during the 2015-2022 period, ranking it 2nd among developing economies around the world.

Vietnam ranks third in Asia-Pacific in transforming into renewable energy, with the country’s renewable additions index (RAI) reaching 46, which means renewable energy accounts for 46% of the total capacity of energy projects under construction.