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Amid global green transition, Vietnam faces pressure to meet renewable energy demands

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Jamille Tran

Published Fri, Oct 27, 2023 · 12:00 PM
    • Power outages have interrupted production in the industrial zones of several northern provinces in Vietnam, where the likes of Samsung and Foxconn have operations.
    • Power outages have interrupted production in the industrial zones of several northern provinces in Vietnam, where the likes of Samsung and Foxconn have operations. PHOTO: REUTERS

    [HO CHI MINH CITY] With the US-China trade war showing no signs of abating and global supply chains still facing disruptions, Vietnam has become a major beneficiary as more companies are shifting a portion of their production out of China.

    As more of these power-hungry manufacturers set up shop in Vietnam, the country is facing greater pressure to cope with their energy demands.

    According to a report by McKinsey and Company, Vietnam is seen as a country with huge renewable energy potential as it is the “most naturally suited country in South-east Asia” to develop wind and solar energy.

    VietnamAsean BusinessAseanManufacturing

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