Vietnam targets US$136.3 billion for energy and grid investment

Vietnam is preparing for a US$136.3 billion investment pipeline in power generation and grids through 2030. This surge is driven by rising electricity demand, which saw generation and imports reach 171.54 billion kWh in the first half of 2026, a 9.85% year-on-year increase.

Under the revised National Power Development Plan VIII (PDP8), the country targets a total generating capacity of up to 236,363 MW by 2030. The projected investment includes approximately US$118.2 billion for power generation and US$18.1 billion for the transmission grid. Additionally, the revised plan significantly raises battery storage targets to between 10,000 and 16,300 MW.

To address these needs, the GEEC 2027 exhibition, organized by VEFAC in partnership with dmg events, will be held from February 24–26, 2027, at the Vietnam Exposition Center. The event aims to connect global energy suppliers with domestic demand for technology, equipment, and engineering services.