Vietnam has been experiencing rapid economic growth, which has led to a surge in energy consumption. To meet the increasing demand for energy while reducing dependence on fossil fuels, the government has been promoting the development of renewable energy. The renewable energy industry in Vietnam has been growing rapidly, with several key statistics indicating a positive outlook for the sector.
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CONSTRUCTION LAW VIETNAM COUNSELLORS
4
+84 24 3936 8072 contact@clvn.vn
Construction Law Vietnam Counsellors (also known as CLVN) is a law firm specialized in project and construction sectors, bringing together dedicated international legal practitioners from Vietnam and common law jurisdictions. In serving our clients, we rely on our decades of practicing experience as legal advisors in highly significant country-changing infrastructure and energy projects in Vietnam and other jurisdictions. Our lawyers have also acquired a proven track record in various sectors including oil and gas (both upstream and midstream), petrochemicals, coal-fired power, gas-fired power, renewable energy, technology and telecommunication, process plant and mining. The firms structure and its specialist practice allow us to provide our clients with internationally first-class legal services in a cost-effective manner.
TECTIIKO TECHNOLOGY COMPANY LIMITED
6
+84 274 3767 185 saleservice@tectiiko.com.vn
Established in 2003 in Vietnam, industrial factories construction is the core business of Tectiiko. Over a period of time, we have gradually expanded our visions into other fields followed by industrial automation, electrical engineering, power distribution, sheet metal division, and renewable energy solutions. The EV industry is the future. TECTIIKO will continually innovate and help our customers to develop total solution for Emobility.
ASIA PETROLEUM ENERGY CORPORATION
3
+84 28 3910 7125 info@asiapetro.com
ASIA PETROLEUM ENERGY CORPORATION (ASIAPETRO) was established in February, 2008 by experienced andseniorexperts, especially in large projects of oil and gas industry, renewable energy. ASIAPETROs goal is to successfully develop renewable energy projects and awake a great potential for clean and renewable energy in Vietnam. Asiapetro aspires to bea pioneer in the field of Renewable energy and Offshore Wind power in Vietnam. The development of renewable energy and biofuels industries is the inevitable trend of the world in the 21st century and ASIAPETROs vision in the future. The exhausted of natural resources, especially fossil fuels, and the usage of these resources lead to pollutedenvironment, such as greenhouse effects, climate change, global warming and other impacts. Biofuels and renewable energy are considered as one of thehugepotentialenergy sources for development inthe future. As a result,promoting the development of renewable energy and biofuel industries in Vietnam is urgent…
VIETNAM - SINGAPORE SMART ENERGY SOLUTIONS (VSSES)
33
+84 274 7307 999 contactus@vsses.com
Vietnam – Singapore Smart Energy Solutions JSC (VSSES) is a joint venture between Becamex IDC Corporation (Becamex IDC), Singapores Sembcorp Industries (Sembcorp), and Vietnam Singapore Industrial Park J.V. Co (VSIP JV). Leveraging its shareholders global expertise, strong local experience and partnerships, VSSES aims to deliver smart energy solutions, starting with rooftop solar solutions that support the green energy transition and play their part in creating a sustainable future. VSSESs rooftop solar solutions are designed to integrate seamlessly with customers business operations. VSSES will build, own, operate and maintain the grid-tied rooftop solar solutions on behalf of customers, so that customers can focus on their core business while enjoying savings on their electricity bills and contributing to a greener, more sustainable environment.
CHANGE
10
+84 28 6681 3513 info@changevn.org
Our mission is to bring about sustainable changes to urgent environmental and developmental issues in Vietnam. Since 2013, we have been employing innovative communication and community engagement to help shaping a Vietnamese society where the public is thoroughly aware of the urgent issues, thus actively adopting lifestyles and business practices that are low-impact. As of February 2017, CHANGE focuses on two major areas: - Representing WildAid Vietnam to carry out Wildlife awareness campaign for Rhino and Pangolin. - Representing 350.org Vietnam to carry out Climate change campaigns against Coal-fired power plants and advocating for renewable energy.
DAT GROUP
14
+84 28 3891 6586 info@datgroup.com.vn
DAT Group Joint Stock Company is the leading product provider and solution developer in the Vietnamese market in the field of inverters - automation, elevator control, power storage & UPS, and solar power.
VIVABLAST
87
+84 28 3896 5007 vivablast@vivablast.com
Vivablast is a 100% foreign-owned company accredited UKAS ISO 9001:2015 & 45001:2018 by Bureau VERITAS with offices and setup over South-East Asia. Since 1994, we have been servicing industry leaders in major projects from construction phase to maintenance programs. Our vertical expertise includes all industry sectors, particularly: oil & gas, power & utilities, shipbuilding, mining, renewable energy and manufacturing. Our vision is to be the most preferred and trustful solutions-provider for industrial assets preservation. Contributing to the sustainable industrial development of Vietnam, we enforce CSR Standard on Environment, Safety, and Quality standards in everything we do. We design and deliver professional services to preserve our Clients assets sustainably, through efficient and reliable specialty services and integrated solutions. Learn more at www.vivablast.com * Tel: +84 8 38 965 006/ 007/ 008 * Email: vivablast@vivablast.com * Website: http://vivablast.com/ * Linkedin…
IIOT MIND VIET NAM
1
+84 90 555 95 62 support@iotmind.vn
MIND Technology Co., Ltd., a pioneer in digitizing IoT solutions and Digital Transformation of Manufacturing - Smart Factory - Energy... in Vietnam.
EVNPECC3
57
+84 28 3930 2853 pecc3@pecc3.com.vn
Power Engineering Consulting Joint Stock Company 3 originated from Power Design Department belonged to the Southern Power Company (1975). Due to the demands for development of power plants and power networks, on 13th February, 1979 Minister of Electricity and Coal had the Decision No. 04/T/TCCB on establishing the Sub-institute of Power Design and Planning belonged to the Power Company 2; and on 7th May, 1986 Ministry of Energy had the Decision No. 128/L/TCCB to rename the Sub-institute of Power Design and Planning to the Energy Center. Right after the establishment of Electricity of Vietnam, the Energy Center directly belonged to Electricity of Vietnam at the Decision No. 429/VNTCCB-L dated 4/6/1995. On 7th April, 1999 Minister of Industry signed the Decision No.17/1999/Q-BCN on reforming Energy Center to Power Engineering Consulting Company 3. On 26th January, 2007 Minister of Industry issued the Decision No. 335/Q-BCN on equitizing Power Engineering Consulting Company 3 to Power Eng…
SEAREFICO
106
+84 301 825 452 info@searefico.com
SEAREFICO is the leading Corporation in Technology. Stock code (HoSE): SRF Formerly one of the leading contractors in M&E and Industrial Refrigeration Plant, Searefico Group has shifted to Holdings Company model, focusing on investing in M&E Service and Solutions, Industrial Refrigeration and Food Processing, New Construction Material Development, and Industrial Construction. ----- SEAREFICO là Tập đoàn hàng đầu trong lĩnh vực Kỹ thuật và Công nghệ Mã chứng khoán: SRF Tiền thân là một trong những Nhà thầu hàng đầu Việt Nam về lĩnh vực Cơ điện công trình (M&E) và Hệ thống Lạnh công nghiệp với bề dày hơn 31 năm phát triển, Searefico Group hiện đã chuyển đổi sang mô hình hoạt động Holding Company, đầu tư đa ngành trong các lĩnh vực chính như Dịch vụ và Giải pháp M&E, Lạnh Công nghiệp & Chế biến thực phẩm, Phát triển vật liệu xây dựng mới và Xây dựng Công nghiệp.
HALCOM VIETNAM
16
+84 24 3562 4709 info@halcom.vn
Founded in 2001, Halcom Vietnam has gradually affirmed the position and role in the field of Investment and Consultancy in Urban and Infrastructure Development. We focus our investment on renewable energy, water supply, sewerage & solid waste management, transportation, and have conducted over 200 consulting services, most of which are ODA projects financed by international organizations such as the World Bank(WB), Asian Development Bank (ADB), Japanese International Cooperation Agency (JICA), the Ministry of Foreign Affairs of Finland in around 50 cities and provinces nationwide.
NOVA INTERNATIONAL (VIETNAM) COMPANY LIMITED
8
+84 24 3936 9138 sales@novaltd.com.vn
NOVAs value proposition is to enable our clients to (i) improve their decision quality, (ii) effectively focus business development activities, and (iii) make better investment and project selection choices. We are a Vietnamese consultancy and advisory organization, providing full value chain advice and solutions to stated owned and private sector organizations in the Vietnam energy space. NOVA have an established reputation for thoughtfully and sensitively approaching Vietnam specific business challenges and project opportunities and are recognized by key sector stakeholders as subject matter and project experts in the Vietnamese energy market. Our principals have specialized Vietnam Energy Project and Support Services Background, including commercial and project leadership on the largest Vietnamese domestic gas-to-power value chain projects (including the Block B and Ca Voi Xanh gas-to-power projects), from both the investor/operator side as well as from the Vietnam national oil co…
QH PLUS CORPORATION
89
+84 832 000 666 qhps@qhplus.com
QH Plus Corporation provides a wide range of products and services to the customer in construction industry, such as: - Manufacturing steel structures. - Manufacturing welded mesh & Reinforcing steel processing center. - Manufacturing construction accessories - Trading steel coil & plate - Trading finishing materials & processing solid surface center Our Steel Structure Company is equipped with state-of-the-art machinery such as Ficep; Gemini; Davi; Corimpex…and managed by a real time production monitoring system in accordance with international management system EN 1090-1:2009 + A1:2011; ISO 3804-2:2006; ISO 9001:2015; ISO 45001:2018. Other companies are also applied ISO 9001 and ISO 45001 in their manufacturing procedure. Besides domestic market, QH Plus Corporation is also expanding our global network such as: Japan, Korea, USA, Europe, Australia, South East Asia. Our typical project are: Vinhomes Landmark 81 – One Central – Seashell Aquarium Phu Quoc - Vinfast Automobile manufac…
VU PHONG ENERGY GROUP
38
+84 91 800 71 71 hello@vuphong.com
Vu Phong Solar Energy Joint Stock Company (VUPHONG) was founded in Binh Duong in February 2009. After more than 11 years, the company has implemented more than 1,000 projects, installed approximately 700 MWp solar power, and currently operates 09 branches and representative offices nationwide in the following fields: - General EPC contractor, Installation, Operation and Maintenance (O&M) for high-quality Solar power systems/projects –Rooftop and Farm. - Researching, Developing and Manufacturing renewable energy equipment - Developer and investor for rooftop solar projects and farm solar projects In addition to the core business of Solar Power, VUPHONG is continuing to research and develop other renewable energy fields such as wind energy, water energy, biomass energy.
ALENA ENERGY TECHNOLOGY CO., LTD
8
+84 28 3926 2683 info@alena-energy.com
ALENA ENERGY TECHNOLOGY CO.,LTD Being part of smart technology and renewable energy industries, Alena Energys mission is to contribute to society development by providing green energy solution and promoting a better future living-standard. With a team with lots of experience in high-technology field, we have developed a smarter Solar Technology: the BySolarPower 5S inverter system. BSP 5S is a smart-tech and multi-function inverter that can manage and control power usage in off grid type. Developed using a powerful 32-bit microprocessor from Texas Instruments (USA), BSP 5S is integrated with charger remote control module, MPPT 80A module. These create a smart, strong and high efficient and reliable solar power inverter. Via built-in Wifi/ GPRS, users have full control and management of their solar system and home power usage. This can be done by downloading the BSP VAR ( Android/ IOS) or log-in on our website (bsp.alena-energy.com). BSP 5S is an ideal product for smart homes, islands…
SLP
80
+84 94 729 85 98 commercial@slpprop.com
SLP is a Vietnam-based platform focusing on Southeast Asia, and is part of GLP, a leading global business builder, owner, developer, and operator of logistics real estate, data centers, renewable energy, and related technologies. GLPs deep expertise and operational insights allow it to build and scale high-quality businesses and create value for its customers. GLP owns and operates assets and businesses in 17 countries across Asia, Europe, and the Americas. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under management as of 31 December 2022, is the exclusive investment and asset manager of GLP. Learn more about GLP, visit www.glp.com/global Learn more about GLP, visit https://gcp.com/
SMART WOOD VIETNAM JSC
1
+84 98 465 88 88 ib@smartwoods.com.vn
SMART WOOD VIETNAM JSC was established in 2015. Our main activities are producing and distributing Wood Pellets and Plywood and we are considered to be the leading company in wood pellets business in Northern Vietnam. Our wood pellets have been exported to many strict markets such as Korea and Japan with certified quality, large quantity and competitive price. We here at SMART WOOD VIETNAM JSC are confident that you will gain the complete satisfaction with our high-quality products and the dedicated customer service.
PECC2
176
+84 28 3896 5279 info@pecc2.com
Power Engineering Consulting Joint Stock Company 2, commonly referred to as PECC2, since its establishment 38 years ago, has never stopped being the rising star of the Vietnamese electric power sector. With a steadily growing revenue stream and a long-term business perspective, we endeavour to look as far as possible into the future so as to always provide our clients with state-of-the-art solutions and services. Our business philosophy has allowed us to create a reputation of a “must-have” in our industry, which naturally connected us with hundreds of electric power generation and network projects throughout the country thus deeply inscribing the name PECC2 into the minds. As of today, PECC2 is focusing its operations on three main areas: Power Engineering Consulting, EPC service, and Investment in power generation projects. Our constant strive for quality and excellence in terms of engineering consulting and business activities (EPC General Contractor, mechanical processing and equ…
CAS-ENERGY
4
+84 236 3675 666 info@cas-energy.com
Starting at its headquarters in Danang ( Vietnam ) CAS Control & Automation Services Solution has turned into an international company . As an innovative and independent provider, CAS develops and provides automation solutions to power utilities. Experienced engineers come from best engineering schools, they were selected to provide excellent support during all phases of a project: pre-investment, design, production, commissioning & training, operation… In a world where automation and innovation go hand in hand .We make sure that we periodically improvise our products so that our clients receive the best. As our slogan automate your business and free your mind, CAS offer a full-range of automation solution, product and services that can be customized to fit your requirements, your budget and your schedule. CAS is always your best partner when doing business .
INDOCHINA ENERGY PARTNERS
6
+84 28 6681 2311 sales@indochina-ep.com
Indochina Energy Partner (IEP) is a Singapore company that provides roof-top solar installation, maintenance, and financing solutions for commercial and industrial factories (C&I) in Vietnam, Laos, Cambodia, and Myanmar. We have already cooperated with various international leading financial institutions and committed to multiple financial facilities in excess of 100MWp for both roof-top solar and DPPA. Our core mission is to become a pathfinder in developing renewable energy projects in South East Asia, in order to help our commercial and industrial customers lower their energy expenses, and minimize their carbon footprint.
Top Renewable Energy Companies in Vietnam
Key Statistics from 2022
According to data from the General Statistics Office of Vietnam, the country's gross domestic product (GDP) reached an estimated $365 billion in 2022, representing a 6.8% growth rate compared to the previous year. The renewable energy industry has been a significant contributor to this growth, with a 9.6% increase in 2022.
In terms of employment, the renewable energy industry has been creating jobs in Vietnam. In 2022, the industry employed an estimated 50,000 people, representing a 20% increase from the previous year. This growth in employment is indicative of the increasing demand for renewable energy solutions in the country.
Factors Contributing to Growth and Success
Several factors have contributed to the growth and success of Vietnam's renewable energy industry. One of the primary drivers has been the increasing demand for energy in the country, which has led the government to focus on developing renewable energy sources. The government has implemented policies to promote the development of renewable energy, including tax incentives, feed-in tariffs, and favorable regulations.
Another factor has been the growing interest from international investors in the sector. As the government has created a favorable investment environment, foreign investors have been attracted to the Vietnamese renewable energy market, providing funding for new projects.
Industry Growth and Comparison to Previous Years
The renewable energy industry in Vietnam has experienced consistent growth over the past few years. According to data from the Ministry of Industry and Trade, the industry grew by 23% in 2019 and by 18% in 2020. Despite the challenges posed by the COVID-19 pandemic, the sector continued to grow in 2021, with growth rates of 16% and 9.6% in Q3 and Q4, respectively.
Key Trends
The renewable energy industry in Vietnam is experiencing several key trends that are shaping its future. One of the most significant trends is the adoption of technology and digital solutions. Renewable energy companies are investing in digital platforms and tools, such as blockchain and artificial intelligence, to improve efficiency and reduce costs.
Another trend is the shift towards distributed energy solutions. As consumers are increasingly seeking out renewable energy sources, there is a growing interest in distributed energy solutions, such as rooftop solar panels and small-scale wind turbines. This trend is indicative of the growing awareness of the importance of sustainability in the energy sector.
Challenges
Despite the positive outlook for the renewable energy industry in Vietnam, there are several challenges that operators will need to address. One of the most significant challenges is the lack of infrastructure and transmission capacity. As renewable energy sources are often located in remote areas, there is a need for investment in infrastructure to connect these sources to the grid.
Another challenge is the high cost of renewable energy sources compared to fossil fuels. Although the cost of renewable energy has been decreasing in recent years, it is still more expensive than traditional energy sources. This can make it difficult for renewable energy companies to compete in the market.
Future Outlook
The renewable energy industry in Vietnam presents exciting opportunities for growth and innovation, driven by the increasing demand for energy and the government's focus on promoting renewable energy sources. To capitalize on the opportunities presented by the growing demand for renewable energy, operators will need to invest in technology and innovation and address challenges such as the lack of infrastructure and transmission capacity.
Collaboration between industry stakeholders, including government agencies, renewable energy companies, and research institutions, will be critical to driving innovation and promoting standardization in the renewable energy industry. By working together, stakeholders can develop common standards and regulations, share best practices, and create a more competitive and sustainable renewable energy industry in Vietnam.
In addition, the adoption of technology and digital solutions will be critical to improving efficiency and productivity, making the industry more competitive globally. Renewable energy companies will need to invest in digital platforms and tools, as well as the development of new products and business models that can meet the changing needs of customers.
Furthermore, the renewable energy industry in Vietnam will need to address challenges such as the lack of infrastructure and transmission capacity to ensure that the industry can continue to grow sustainably. By investing in education and training programs to develop a skilled workforce, and creating a favorable investment environment to attract more funding, the renewable energy industry can continue to grow and become a key player in the global renewable energy industry.
Conclusion
In conclusion, the renewable energy industry in Vietnam is a growing market that has experienced significant growth in recent years. With the increasing demand for energy and the government's focus on promoting renewable energy sources, the industry is poised for continued growth in the coming years. However, operators will need to address challenges such as the lack of infrastructure and transmission capacity to ensure that the industry can continue to grow sustainably. By investing in technology and innovation and collaborating with industry stakeholders, renewable energy companies can take advantage of the opportunities presented by Vietnam's growing economy and become key players in the global renewable energy industry.