by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Energy & Utilities
⚡ TL;DRVietnam has some of the best offshore wind resources in Asia, with a technical potential the World Bank puts at roughly 475 gigawatts, and in December 2022 the G7 and partners pledged $15.5 billion under a Just Energy Transition Partnership to help the country...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Energy & Utilities
⚡ TL;DRPetrovietnam was built on one offshore field, Bạch Hổ, discovered by a Soviet joint venture in the 1980s, and for two decades crude oil was the largest single source of Vietnamese state revenue. Domestic oil output has since fallen by more than half from its...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Energy & Utilities
⚡ TL;DRVietnam’s eighth Power Development Plan, approved in May 2023 after four years of drafts, set out to take installed capacity from about 80 gigawatts to roughly 150 gigawatts by 2030 and to stop building new coal plants after 2030, replacing them with LNG,...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Energy & Utilities
⚡ TL;DRIn 2017 Vietnam offered solar developers a feed-in tariff of 9.35 US cents per kilowatt-hour for any plant completed by 30 June 2019. The result was the fastest solar build-out Southeast Asia had ever seen: from almost nothing to over 4 gigawatts of utility...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Energy & Utilities
⚡ TL;DRVietnam Electricity (EVN) is the state-owned utility that buys almost every kilowatt-hour generated in Vietnam, owns the entire transmission grid and sells power to roughly 30 million customers. It does this at retail tariffs the government sets below cost,...
