In 2023, solar energy consumption in Vietnam stood at 0.24 Percent Exajoules. Forecasts predict incremental growth, with values reaching 0.25 in 2024, 0.27 in 2025, 0.29 in 2026, and 0.31 in 2027. The year-on-year growth rates from 2023 to 2024 and from 2024 to 2025 are estimated at 4.17% and 8% respectively. Over the last two years (2023-2024), the average growth rate is approximately 6.08%. The Compound Annual Growth Rate (CAGR) from 2023 to 2027 is projected at around 6.53%, indicating a steady rise over this five-year period.
Future trends to watch for include advancements in solar technology, government incentives, and international investments. Additionally, the ongoing commitment to renewable energy sources and potential regulatory changes could further accelerate growth in Vietnam's solar energy consumption.
