Vietnam

Vietnam is Southeast Asia’s biggest growth story, with rapidly expanding industries and a vibrant and increasingly affluent population nearing 100 million. The country has traditionally relied upon a mix of coal and hydro for electricity supply backed by a moderate amount of natural gas. In recent years, renewable energy has grown exponentially due to a successful yet high-cost feed-in-tariff regime. As energy needs continue to grow, the country is faced with multiple dilemmas. Do they commit to importing highly volatile LNG or pay the price to develop what is proving to be world-class domestic gas resources? Do they invest billions in developing new, deep underground coal resources or pay exorbitant prices for imports OR push forward with scaling up renewable energy in tandem with aggressive spending on grid expansion and modernization?