Hydroelectricity consumption in Vietnam has shown significant fluctuations, with the most recent actual value standing at 0.93 Exajoules in 2023. The year-on-year growth was 3.33%, indicating a stabilization after notable variations in previous years. The compound annual growth rate (CAGR) over the last five years averaged 2.95%, reflecting a moderate growth trend.
From 2024 onwards, forecasts predict a steady annual increase of 2.31% CAGR, leading to an estimated 1.08 Exajoules by 2028. This moderate and consistent growth suggests a gradual increase in hydroelectricity consumption, likely driven by sustained investments in renewable energy infrastructure and policies promoting cleaner energy sources.
Future trends to watch for include potential impacts of new hydroelectric projects, policy shifts towards sustainable energy, and advancements in technology aimed at improving hydroelectric efficiency and capacity. Additionally, climate change effects and water availability could significantly impact the hydroelectric sector.
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