Viet Nam needs US$150 billion to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.
Experts forecast Viet Nam’s wind power sector would further grow in line with the Government’s stronger regulatory support announced recently and rising investor interest, which has strengthened the project pipeline.
Demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year.
The challenges the power sector needs to overcome over the next two decades are substantial to ensure it achieves its goals to provide sustainable, clean, affordable and reliable power supply to the people of Viet Nam.
The power sector would strive to overcome difficulties to meet the rising demand over the next two years, which is estimated at more than 10 per cent, according to the Viet Nam Electricity
Last year was favorable for hyower companies as demand for electricity grew faster than power capacity. This was enhanced by early rainfall which helped increase production.
With lending to the property sector almost surely to be tightened,
analysts are calling on real estate firms to securitise their projects
and list their shares on the stock markets to raise money from the
public.
More and more foreign investors are keen to enter the power sector, but
licensing remains tardy due to challenges related to
build-operate-transfer contracts, selling prices, and foreign currency
guarantees.
A new wave of foreign direct investment (FDI) is
expected to flow into Viet Nam''s power sector to meet the country''s high
electricity demand which local power plants have been struggling to
meet.