Forecast: Electricity Generation in Vietnam

Electricity generation in Vietnam has seen consistent growth from 2013, reaching 273.2 Terawatthours in 2023. Over the past decade, there have been fluctuations in the year-on-year growth rates, peaking at 13.5% in 2014 and stabilizing to 5.09% by 2023. The compound annual growth rate (CAGR) over 5 years also decreased from 11.89% in 2013 to 5.49% in 2023. Despite a slight deceleration, the sector shows resilient growth.

Looking ahead, future trends to watch include:

• Continued moderate growth with a forecasted CAGR of 3.39% over the next five years.
• A focus on renewable energy sources and investment in infrastructure.
• Regulatory changes and their impact on the energy market.
• Technological advancements in energy storage and efficiency.