To fully realise Viet Nam’s potential in renewable energy for energy security and climate goals, substantial investment is needed: $135 billion by 2030 and $399.2 billion to $523.1 billion by 2050. Public funding alone is insufficient, and there is a heightened need to mobilise private capital. However, regulatory and financial barriers hinder this process.
This project aims to create a supportive and transparent environment to enhance private sector involvement in power project investment and development while mitigating risks and barriers. It examines international best practices in mobilising private capital, assesses Viet Nam’s current finance structures and instruments, and provides recommendations for suitable finance structures, innovative financing instruments, public-private partnerships, and other blended finance arrangements. The project also involves developing a comprehensive implementation roadmap for these recommendations and facilitating dialogues among relevant stakeholders to increase private sector engagement in the energy transition process.
Developed with the Department of Industrial and Services Economy (DISE) under the Ministry of Planning and Investment (MPI), the project supports MPI’s mandates in the National Action Plan on Green Growth for 2021-2030 and aligns with Viet Nam's energy goals in PDP VIII and Resolution 55.