The opportunities for U.S. energy companies in Vietnam as the country is transitioning to cleaner and smarter technologies.

 Vietnam aims to improve ports’ energy efficiency, use renewable energy sources, and apply national standards for its green port development plan by 2030. 

Waste-to-Energy is emerging as a major prospect for U.S. waste management companies to leverage and support Vietnam’s energy security and environment. 

The franchising model in Vietnam has expanded to more than 300 registered foreign brands in multiple sectors since its arrival in this country in the 1990s.

The education technology (EdTech) market in Vietnam has great potential and is accelerating in recent years.

Vietnam has been leading in solar power development in the ASEAN region. The solar power sector grew strongly, with a new capacity estimated at 17.6 GW in 2021.

Wind power is among Vietnam’s priorities in the clean energy transition. It is estimated that 8.6% of Vietnam’s land mass could be used for wind power. 

Vietnam is one of Asia’s fastest-growing energy markets. Vietnam expects power consumption to grow from 10% annually until 2030. 

Decree 53/2022/ND-CP elaborates on the data retention requirements for domestic and foreign enterprises.

Vietnam’s aviation has made a strong recovery, presenting potential opportunities for U.S. companies, especially in airport infrastructure.

The electric vehicle (EV) market in Vietnam is in its infancy, yet there is potential for significant growth. 

Vietnam faces a shortage of cold storage facilities and rental prices have skyrocketed in the past 2 years. 

Vietnam has a plan for energy efficiency improvementsto to ensure national energy security.

Despite the being severely affected by the pandemic, the U.S. travel & tourism industry has shown signs of recovery with regards to the Vietnamese market.

There is a gradual shift towards renewable energy in Vietnam alongside the conventional power generation industry.