Vietnam energy sector targets $136.3 billion investment through 2030

Vietnam is preparing for a massive influx of investment in its power sources and grid infrastructure, estimated at approximately $136.3 billion through 2030. According to the adjusted Power Development Plan VIII, $118.2 billion is earmarked for power sources, while $18.1 billion is designated for the transmission grid.

This surge in investment is driven by rising electricity demand. Vietnam Electricity (EVN) reported that in the first half of 2026, total electricity production and imports reached 171.54 billion kWh, a 9.85% increase compared to the previous year. To meet future needs, the plan aims for commercial electricity to reach between 500.4 and 557.8 billion kWh by 2030.

The transition toward renewable energy, specifically wind and solar, is significantly increasing the demand for energy storage solutions. The updated plan targets 10,000 to 16,300 MW of battery storage by 2030, a substantial increase from the previous 300 MW goal. This shift necessitates advanced equipment for power conversion, energy management, and system integration.

To facilitate these developments, VEFAC and dmg events have announced a strategic partnership to organize GEEC 2027. The event, scheduled for February 24–26, 2027, at the Vietnam Exhibition Center (VEC), aims to connect domestic investment needs with global energy suppliers.