The share of renewable electricity generation in Vietnam has shown a declining trend over the recent years. It peaked in 2014 at 42.98% and then experienced a continual decrease, reaching 35.03% in 2023. The year-on-year decline in 2023 of 1.13% highlights a persistent negative growth pattern. The Compound Annual Growth Rate (CAGR) over the last five years has been -1.15%, indicating a steady decrease in the share of renewable electricity generation.
Future trends to watch for include the anticipated continuous decline through 2028, with a forecasted five-year CAGR of -0.98%. This underscores potential challenges in sustaining and growing the share of renewable energy in Vietnam's total electricity output.
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