Vietnam targets $136.3 billion energy infrastructure investment by 2030

Vietnam is facing significant shifts in its energy and digital infrastructure requirements. According to the World Bank, domestic data center capacity is projected to grow from approximately 45 MW in 2024 to nearly 1,000 MW by 2030, driven by local operators and hyperscale cloud providers.

To support this and broader economic growth, the adjusted Power Development Plan VIII outlines a massive investment scale. By 2030, investment in power sources is estimated at approximately $118.2 billion, while transmission grid investment is projected at $18.1 billion. The plan aims for a total power source capacity of up to 236,363 MW and a commercial electricity target of 500.4 to 557.8 billion kWh.

Key infrastructure goals include expanding energy storage to between 10,000 and 16,300 MW by 2030 and constructing significant new high-voltage lines, including 12,944 km of 500 kV lines. Additionally, Vietnam possesses significant offshore wind potential, estimated at 600 GW, which could meet 30% of the country's electricity demand by 2050.