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Market Information
Vietnam's energy sector - a growth market on your doorstepVietnamese gross domestic product (GDP) is set to experience real
growth of around 6.5% in 2010. As compared with 2009, that is a
significant increase (GDP 2009: 5.3%). For 2011, the Vietnamese
government has set itself a target of plus 7.0 - 7.5%.
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demand for energy has risen immensely due to the country's consistent
economic growth. Energy needs increase annually by 17% due in
part to the supply shortages of electricity in rural areas.
Alternative and renewable energy sources are therefore playing an
increasingly important role in Vietnam. The Vietnamese government is
planning to develop energy sources that can replace fossil fuels in the
period 2015 - 2025. Wind power and solar power are expected to
account for half of the supplies concerned. |  |
Vietnam's geographic location offers exceptionally favourable
conditions for energy capture from renewable sources such as solar,
wind and geothermal. As such, Vietnam has the potential to generate
wind energy amounting to around 513,360 MW/year thanks to its windy
coastal areas and mountain regions.
Decentralised systems of power generation from renewable energy sources
are becoming ever more important notably with regard to the
electrification of rural regions. Source: DENA, Vientamese Business News, Financial News 
| Market perspectives Realised projects (extract) - Windpark Nhon Hoi/ Binh Dinh Province built by Fuhrländer AG: 7.5 MW
- Wind power project on Con Dao Island built by Aerogie Plus Solutions: 7.5 MW
- Dutch Biogas programmes: Installation of 40,000 domestic biogas plants
- Lam Dong Province,Dong Nai 3 and 4 hydropower project: 540 MW (in 2 years)
- Ban Ve hydroelectric power plant: 320 MW
Planned projects (extract) - Construcion of Tuy Phong Windpark by 2011: 120 MW, total investment US$ 45 million
- Binh Thuan province: 12 wind power projects [covering total of 13.900 ha] with total capacity of 1,540 MW for 10 investors.
- Lam Dong province: Two wind power projects with capacity of 150 MW and 80 MW respectively
- Phuong Mai: 12 wind power engines with a capacity of 2.5 MW installed by Avantis Energy
- Thanh Hoa province: Waste-to-energy plant, total investment US$ 48 million
- Construction of an ethanol production facility in Phu Tho District by 2010, total investment US$ 80 million
- Construction of a geothermal plant in the Mo Du District / Quang Ngai Province, 21 MW, total investment of US$ 39 million
- 10,000 solar roofs with total capacity of 10MWp
- Completion of the Son La hydro electric power plant by 2012, 2.4 GW
- Construction of Song Bung River hydroelectric power plant by 2013, 156 MW
Source: DENA, Vientman Business News, WorldofRenewables.com, Power-technology.com, Tech Monitor |
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