Afound that Vietnam is the country in Southeast Asia best suited for wind and solar developments. The transition to renewable energy in Vietnam could be heavily financed by foreign direct investment, as companies investing in Asia search to diversify investments outside of China. This could lead to both a rapid increase in renewable energy deployment as well as sustainable manufacturing. Despite all of these benefits, however, Vietnam remains heavily reliant on coal, oil, and natural gas.
no new coal power plants will be built after 2030 and by 2050 coal will not be used for energy generation whatsoever In conversation with Kishore Ram, a renewable energy specialist working in Vietnam, he emphasized Vietnam’s vast renewable energy potential. Part of this is due to the size of Vietnam’s coastline, making offshore wind a viable option in many locations. While the cost of offshore wind energy development is greater, there is more room to operate and higher wind speeds.