Vietnam’s energy mix in 2026 is rapidly evolving from a coal-dominant system toward renewables to meet 10–12% annual demand growth, targeting net-zero by 2050. Currently, coal provides around 34–54% of power, followed by significant hydropower (~30%), a surging solar sector (over 8%), and growing wind capacity.

Vietnam has positioned green hydrogen as a cornerstone of its 2050 net-zero goal, leveraging a vast renewable energy potential estimated at over 600 GW of offshore wind. The government formalized this commitment with the National Hydrogen Development Strategy in early 2024.

Major Projects & Investments:

• Tay Ninh Green Hydrogen Complex: A $5.7 billion partnership with Japanese firms (Kansai Electric, TOYO Group) aiming for 600,000 tons of annual production.
• Quang Tri Wind-Hydrogen Plant: A $2.4 billion joint venture between China Huadian and Minh Quang JSC, powered by 1.2 GW of wind and 800 MW of solar.
• Tra Vinh Plant: Vietnam’s first green hydrogen facility, under construction by The Green Solutions Group in collaboration with Honeywell, expected to be operational by late 2026.
• HDF Energy Initiative: A $500 million investment plan from French developer HDF Energy for hydrogen-to-power and transport projects.