Viet Nam has become a leading regional market for renewable energy in a short space of time led by private sector investment facilitated by favourable support mechanisms. The investment environment is changing, however, as the government moves away from feed-in tariffs to competitive auction-based procurement. The enabling policy framework to tap into new sources of long-term capital and recycle already committed capital will be imperative to meet Viet Nam’s clean energy transition targets.
A policy questionnaire was shared with Viet Nam earlier this year aimed at gathering factual and policy information for drafting of the Clean Energy Finance and Investment Review. Findings from the questionnaire process are summarised below.