Vietnam Renewable Energy Market Size Report 2024-2032
Vietnam Renewable Energy Market Overview Base Year: 2023 Historical Years: 2018-2023 Forecast Years: 2024-2032 Market Growth Rate: 11.60% (2024-2032) Vietnam's renewable energy market is rapidly growing, driven by government initiatives, and increasing investments in sustainable energy sources. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 11.60% from 2024 to 2032. Vietnam Renewable Energy Market Trends and Drivers: The Vietnam renewable energy market is witnessing several trends including significant growth in solar and wind power projects as the country aims to reduce its dependence on coal. Solar farms, particularly in the southern provinces, are expanding rapidly, supported by improved technology and cost reductions in photovoltaic systems. Offshore and onshore wind power is also gaining momentum, with several large-scale projects underway in the Mekong Delta region. Vietnam’s commitment to achieving net-zero emiss