Viet Nam Power Sector Finance Flows Dashboard

Between 2017 and 2022, Viet Nam's power sector saw a total of USD 64 billion in reported investment, with renewable energy (RE) dominating at 64.54% (USD 41.3 billion) compared to fossil fuels (FF) at 35.13% (USD 22.5 billion). RE growth was primarily driven by generous Feed-in Tariffs (FiTs) and domestic private investment, which provided approximately 80% of RE finance. In contrast, FF finance was dominated by international sources, particularly Japan for coal. While gas investment surged in 2021 as a transitional fuel, coal investment ceased in 2022 following net-zero commitments. Despite RE growth, a significant financing gap remains; BloombergNEF estimates an annual requirement of USD 30.7 billion to meet a net-zero scenario by 2030, far exceeding the USD 6 billion invested in 2023.

• Renewable energy (RE) attracted significantly more investment than fossil fuels (FF) between 2017 and 2022, with RE accounting for 64.54% (USD 41.3 billion) and FF for 35.13% (USD 22.5 billion) of the USD 64 billion total reported investment.
• Domestic private financial institutions were the primary source of power sector finance, contributing USD 37 billion (approximately 58%) overall and providing around 80% (USD 33 billion) of all RE investments.
• Solar PV and wind power were the dominant RE technologies, receiving 66.5% (USD 27.47 billion) and 29.4% (USD 12.16 billion) of RE finance respectively, driven by generous Feed-in Tariffs (FiTs) and tax/land exemptions.
• The financial instrument for RE shifted from market-rate loans (up to 69% between 2017-2019) to equity (up to 90% between 2020-2022) as investor confidence in FiTs grew and the window for eligibility closed.
• Fossil fuel finance was characterized by a surge in gas investments in 2021 and a total cessation of coal investments in 2022, reflecting a policy shift toward gas as a transitional fuel and a net-zero commitment.
• International finance dominated the fossil fuel sector, with Japan contributing USD 6 billion (54% of total foreign FF investment), primarily for coal plants. Gas power financing remains largely opaque, with 63% (USD 6.92 billion) coming from undisclosed sources.
• There is a massive annual financing gap to reach net-zero by 2030; while BloombergNEF estimates a need for USD 30.7 billion annually, only USD 6 billion was invested in 2023, representing a gap of over 80%.

APA

Yusuf, B., Wijaya, V., Winayo, M. F., Bimo, R., & Sulami, A. P. N. (2025). Viet Nam Power Sector Finance Flows Dashboard. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/11/Vietnam-Power-Sector-Finance-Flow-Report.pdf

Chicago

Yusuf, Berliana, Vivian Wijaya, Maura Finessa Winayo, Ravi Bimo, and Antonius Priyo Nugroho Sulami. Viet Nam Power Sector Finance Flows Dashboard. Climate Policy Initiative, 2025. https://www.climatepolicyinitiative.org/wp-content/uploads/2025/11/Vietnam-Power-Sector-Finance-Flow-Report.pdf.

Wikipedia

{{cite report |last1=Yusuf |first1=Berliana |last2=Wijaya |first2=Vivian |last3=Winayo |first3=Maura Finessa |last4=Bimo |first4=Ravi |last5=Sulami |first5=Antonius Priyo Nugroho |title=Viet Nam Power Sector Finance Flows Dashboard |publisher=Climate Policy Initiative |date=October 2025 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2025/11/Vietnam-Power-Sector-Finance-Flow-Report.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{yusuf2025viet, author = {Yusuf, Berliana and Wijaya, Vivian and Winayo, Maura Finessa and Bimo, Ravi and Sulami, Antonius Priyo Nugroho}, title = {{Viet Nam Power Sector Finance Flows Dashboard}}, institution = {Climate Policy Initiative}, year = {2025}, month = oct, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2025/11/Vietnam-Power-Sector-Finance-Flow-Report.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }