Vietnam Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2022-2035
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Vietnam Power Market Report Overview
The Vietnam power market had a cumulative installed capacity of 76.2 GW in 2021. Thermal power has the dominant share in the total power capacity followed by renewable and hydropower share. Furthermore, the industrial sector accounted for the highest share of power consumption across Vietnam in 2021.
Vietnam Power Market Outlook 2021-2035
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The market research report discusses the Vietnamese power market structure. It provides historical and forecast numbers for capacity, generation, and consumption up to 2035. The report also analyzes the Vietnam power market’s regulatory structure and competitive landscape.
Market Size (2021) | 76.2 GW |
Historical Period | 2010-2021 |
Forecast Period | 2022-2035 |
Regulatory Scenario (Renewable Energy) | · Ministry of Industry and Trade (MoIT) |
Leading Players | · Vietnam Electricity Group
· PetroVietnam Power Corp · Vinacomin-Power Holding Corporation Limited · Malakoff Corporation Bhd |
Key Deal Types | · Asset Transactions
· Debt Offerings · Equity Offerings · Partnerships · Acquisitions |
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Vietnam Power Market Dynamics
Vietnam meets its generation requirements from coal- and gas-based thermal power plants and a vast number of hydropower plants. Vietnam’s energy mix is dominated by hydropower, coal, and gas. The country’s thermal power sector accounted for more than 55% share in the total annual power generation in 2021. However, the increase in thermal resources in power generation has been a source of concern for the government because, Vietnam’s coal reserves are depleting, and the government is looking to expand the energy mix.
The government is aware of the need to alleviate the climate change effects of thermal power generation and is turning towards renewable power generation sources. The Vietnam power sector presents significant opportunities for renewable, hence the government is emphasizing the development of the renewable power industry. Wind, solar power, and biopower hold large potential for development. The government has announced feed-in tariffs (FiTs), and other policies for these energy sources, which will lead the renewable power sector to grow in the country.
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Vietnam Power Market - Competitive Landscape
Vietnam’s power generation market is dominated by Vietnam Electricity Group which contributed a share of over 39% in total power generation. This was followed by PetroVietnam Power Corp and Vinacomin Power Corporation.
Vietnam Power Market Analysis by Leading Companies, 2021 (%)
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Vietnam Power Market Segmentation by Deal Types
In 2021, asset transactions dominated the Vietnam power market, followed by partnerships and acquistions.
Vietnam Power Market Analysis by Deal Types, 2021 (%)
Key Segments Covered in this Report.
Vietnam Power Type Outlook (2021-2035)
- Industrial Sector
- Residential Sector
- Commercial Sector
- Transport Sector
Vietnam Power Deal Type Outlook (2021-2035)
- Asset Transactions
- Debt Offerings
- Equity Offerings
- Partnerships
- Acquisitions
Scope
The Vietnam power market report includes the following:
- Snapshot of the country’s power sector across parameters – macroeconomics, supply security, generation infrastructure, transmission infrastructure, electricity import and export scenario, degree of competition, regulatory scenario, and future potential of the power sector
- Statistics for installed capacity, generation, and consumption from 2010 to 2021, and forecast to 2035
- Capacity, generation, and major power plants by technology
- Data on leading active and upcoming power plants
- Information on transmission and distribution infrastructure, and electricity imports and exports
- Policy and regulatory framework governing the market
- Detailed analysis of top market participants, including market share analysis and SWOT analysis
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
PetroVietnam Power Corp
Vinacomin-Power Holding Corporation Limited
POSCO Energy Co Ltd
Table of Contents
Table
Figures
Frequently asked questions
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What was the cumulative installed capacity of the Vietnam power market in 2021?
The cumulative installed capacity in the Vietnam power market was 76.2 GW in 2021.
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Which sector dominated the Chinese power market in terms of consumption in 2021?
The industrial sector accounted for the highest share of power consumption across Vietnam in 2021.
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Which was the preferred deal type in the Chinese power market in 2021?
Asset transaction deals were the most preferred in the China power market in 2021.
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Which are the leading players in the Vietnam power market in 2021?
A few of the leading players in the Vietnam power market are Vietnam Electricity, PetroVietnam Power Corp, Vinacomin-Power Holding Corporation Limited, and POSCO Energy Co Ltd.
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