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

[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.