Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, coming third behind fintech and education.

The combination of private investment in renewables, natural gas and grid infrastructure could meet much of Vietnam’s investment costs in next periods.

Vietnam has been on way to pursue an energy transition that reduce carbon emission and develop renewable sources in an effort to combat climate change .

Covid-19 has exposed the vulnerability of energy value chains but solar power could be an indigenous solution to keep the lights on during a crisis.

The government intends to draft a new power development plan by June 2020, which Fitch believed will focus more directly on the development of non-hydropower renewables.