Report
Published:
Vietnam: Six Ways to Keep Up the Renewable Energy Investment Success
Written by
Indra Overland
Research Professor
Haakon Fossum Sagbakken
Former employee
Hoy-Yen Chan
Muhammad Rizki Kresnawan
Monika Merdekawati
Ed.
Roman Vakulchuk
Senior Research Fellow, Head of Research group on climate and energy
Summary:
Vietnam is one of the most attractive destinations for renewable energy investment in ASEAN. In 2018, the country attracted USD 5.2 billion. In 2019, the share of renewable energy in the energy mix was 9%, thus already exceeding the 7% target set for 2020. If Vietnam is to continue its success and compete globally for investment in renewable energy, it will need to further develop its investment climate. The competition is heating up in this area, and an increasing number of countries have similar conditions and frameworks for renewable energy investment. Therefore, every improvement may help boost a market’s relative attractiveness. We propose six actions that can further enhance the attractiveness of Vietnam’s renewable energy sector for investment from both domestic and international investors: prioritise renewable energy in the governance system; streamline the regulatory framework; facilitate market entry for investors; improve transparency and communication about the investment regime; improve grid expansion planning; join IRENA to further build the capacity for renewable energy governance.
- Published year: 2020
- Publisher: ASEAN Centre for Energy (ACE)
- Page count: 3
- Language: English
- Journal: ACE Policy Brief Series
- URL 1: https://www.researchgate.net/publication/341794415
- URL 2: https://www.academia.edu/43233041/Vietnam_Six_Ways_to_Keep_Up_the_Renewable_Energy_Investment_Success
- URL 3:
Written by
Indra Overland
Research Professor
Haakon Fossum Sagbakken
Former employee
Hoy-Yen Chan
Muhammad Rizki Kresnawan
Monika Merdekawati