The global transition from fossil fuels to clean energy is accelerating. Economies around the world are reshaping development strategies based on green, sustainable, and environment-friendly principles. Vietnam is also undergoing this energy transition. Although Vietnam has not yet mastered core renewable technologies, it has started participating in the assembly of renewable energy components such as solar panels and wind turbine towers and blades.
To establish itself as a renewable energy supply chain hub, Vietnam must align its long-term strategy with the global push for carbon neutrality by 2050. In the near term, this means developing a sustainable energy strategy that diversifies supply sources and boosts investment in renewables. Government incentives should encourage research, technology transfer, and the production of “Make in Vietnam” renewable energy products, while expanding international cooperation and technology sharing.
Tran Van Giang, head of the Power Division at the Vietnam National Coal and Mineral Industries Group (VINACOMIN), underscored the importance of developing traditional and renewable power sources in parallel while tapping offshore wind, solar, small hydropower, biomass, and waste-to-energy. “Ensuring energy security is a strategic, long-term, and comprehensive mission—one that meets socio-economic development demands while maintaining reserve capacity and supply stability,” said Giang.
Vietnamese enterprises need more support in technology, finance, and global partnerships to move further up the value chain. Financial policy is considered a strategic driver of the transition. Associate Professor Dr. Ngo Tri Long, former Director of the Institute for Market and Price Research at the Ministry of Finance, said, “Vietnam should establish a national energy transition fund to support enterprises investing in clean energy and provide capital for projects. In addition, we need a clear green credit mechanism for commercial banks. With effective green credit policies, enterprises can boost their competitiveness.”
Developing a highly skilled workforce is also a pressing need. Dr. Nguyen Dat Minh, Dean of Technology and Energy Management at Electric Power University, said that human resources are the backbone of the energy supply chain. “In the coming years, Vietnam will require tens of thousands of workers in this field—from technicians and operators to design and maintenance engineers. Training programs at universities and institutes must be closely linked to the actual job requirements of energy enterprises,” Minh noted.
As the global energy transition accelerates, improving the competitiveness and global position of Vietnamese enterprises in the renewable energy supply chain can provide a springboard for breakthrough integration. Only when Vietnamese companies gain the capacity to design, manufacture, operate, and export energy solutions, will Vietnam secure its role as an indispensable link in the global renewable energy chain.