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Vietnam's renewable energy market, valued at $3.84 billion in 2024, is projected to reach $9.99 billion by 2033 due to government support, abundant solar and wind resources, and grid upgrades.
Vietnam's renewable energy market, valued at $3.84 billion in 2024, is set to grow to $9.99 billion by 2033, driven by government support, abundant solar and wind resources, and grid modernization under the PDP8 plan.
Offshore wind, battery storage, and rooftop solar are expanding, with corporate demand fueling direct power purchase agreements and decentralized energy systems.
The country is also boosting domestic solar manufacturing and adopting advanced solar technologies to improve efficiency and grid stability amid rising electricity costs and grid congestion.
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El mercado de energía renovable de Vietnam, valorado en $ 3.84 mil millones en 2024, se prevé que alcance $ 9.99 mil millones en 2033 debido al apoyo del gobierno, los abundantes recursos solares y eólicos y las actualizaciones de la red.