Asia-Pacific
With a power score of 2.02, Vietnam ranks number 43 among Emerging Markets and number 11 in the Asia-Pacific region
Power score
2.02/5
Score over time
2021 - 2024
Vietnam has a power score of 2.02, which puts it at rank 43 in the Emerging Markets power ranking. In comparison to 2023, Vietnam has dropped in the power rankings by 32 places, from rank 11, to rank 43.
At 2.02, the power score of Vietnam is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 11 in the region.
Vietnam implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Import tax incentives, and Renewable Energy Certificates.
The average electricity price in Vietnam has increased from 96.40 USD/MWh in 2022 to 103.02 USD/MWh in 2023. Since 2017, the average electricity price in Vietnam has fluctuated between 82.98 USD/MWh (2017) and 103.02 USD/MWh (2023).
The top amount of capacity installed in Vietnam in 2023 was in Coal at 32.18%, up from 31.53% in 2022.
The top amount of electricity generated in Vietnam in 2023 was in Coal at 45.11%, up from 37.11% in 2022.
Investment in clean energy in Vietnam was around $665.93 million in 2023, a decrease of 30.6% from 2022 ($959.53 million). Between 2018 and 2023, the highest investment in clean energy was in 2020 at $9,828.02 million, while the lowest was in 2023 with $665.93 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.