Forecast: Renewable Energy Supply in Vietnam

Vietnam's renewable energy supply has shown a consistent decline over the past decade. Starting from a high of 31.5 in 2013, the value has decreased significantly to 9.82 in 2023. The year-on-year variation indicates continuous negative growth, with particularly sharp declines noted in 2015, 2019, 2022, and 2023. The CAGR over the last five years has averaged around -13.01%. Forecast for future years continues this downward trend, with a projected 5-year CAGR of -31.5% leading to a sharp reduction in renewable energy supply by 2028, a decrease of 84.92% from today’s values.

Future trends to watch for:

• Potential government policy changes to boost renewable energy adoption.
• Technological advancements in renewable energy sources.
• Investment levels in renewable energy sectors by both domestic and international players.
• Market demands and shifts in consumer energy consumption patterns.