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The Vietnam power market reached approximately 265.7 TWh in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032, aided by the increasing production of renewable energy.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Power Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Power Historical Market (2018-2023)
8.3 Asia Pacific Power Market Forecast (2024-2032)
9 Vietnam Power Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Power Historical Market (2018-2023)
9.3 Vietnam Power Market Forecast (2024-2032)
10 Vietnam Power Market by Generation Source
10.1 Thermal
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hydro
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Renewable
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Vietnam Power Market by Region
11.1 Southeast
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Red River Delta
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Mekong River Delta
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 South Central Coast
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Vietnam Electricity
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 PETROVIETNAM POWER CORPORATION
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Hai Phong Thermal Power Joint Stock Company
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 GIA LAI ELECTRICITY JOINT STOCK COMPANY
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Mekong Energy Co.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 SAO MAI Group
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 SOLARBK
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 GCL (Group) Holdings Co., Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 BIMGroup
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 TRUNGNAM GROUP
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Power Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Power Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Power Historical Market: Breakup by Generation Source (TWh), 2018-2023
4. Vietnam Power Market Forecast: Breakup by Generation Source (TWh), 2024-2032
5. Vietnam Power Historical Market: Breakup by Region (TWh), 2018-2023
6. Vietnam Power Market Forecast: Breakup by Region (TWh), 2024-2032
7. Vietnam Power Market Structure
In 2023, the market reached an approximate value of USD 265.7 TWh.
The market is estimated to grow at a CAGR of 4.6% between 2024 and 2032.
The market is being driven by rapid urbanisation, a growing population, and rising infrastructure development projects.
The key trends aiding the market expansion include the growing adoption of renewable energy practices and the expansion of grid infrastructure.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The different sources of power include thermal, hydro, and renewable, among others.
The major players in the market are Vietnam Electricity, PETROVIETNAM POWER CORPORATION, Hai Phong Thermal Power Joint Stock Company, GIA LAI ELECTRICITY JOINT STOCK COMPANY, Mekong Energy Co., SAO MAI Group, SOLARBK, GCL (Group) Holdings Co., Ltd., BIMGroup, and TRUNGNAM GROUP, among others.
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