Vietnamese Green Technologies Market Forecast to Experience USD50 Billion Growth by 2030
HO CHI MINH CITY, Vietnam, Sept. 9, 2015 /PRNewswire/ -- Characterized by significant economic growth and rising living standards, Vietnam needs to keep pace with growing demand for energy and electricity from a population of over 90 million people. Following the political and economic reforms in 1989, Vietnam has transformed itself from one of the poorest countries (per capita under USD100) to a lower-middle income country with per capita income of over USD2,000 by 2014, and has become one of the fastest developing economies with an average annual GDP growth rate of 6.9% over the last 20 years. Learn more about the sector, visit EVBN website
To ensure sustainable growth, Vietnam needs to meet the accelerated energy demand where electricity consumption accounts for the majority. Such demand has increased by 10% annually in the past 10 years and is estimated to increase by 400% in the next 20 years.
According to the General Department of Energy, electricity output in 2015 ranges from 194-210 billion kWh and will increase to 330-362billion kWh in 2020 and to 695-834 billion kWh in 2030 respectively. To meet the thriving demand, the Vietnamese government is planning to operate its first nuclear plant by 2020 so as to supply stable energy domestically. Vietnam has also started to initiate reforms in the energy field, through measures such as the opening of the sector to and the promotion of private investments. Foreign investments are especially needed in the fields of Renewable Energy and Energy Efficiency where the objective is to increase the proportion of Renewable Energy to 4.5% by 2020 and 6% by 2030.
Overall, Vietnam has great potential for the development of Clean Technologies ranging from Renewable Energies to Waste Treatment and Energy Efficiency. The EVBN Green Mission to Vietnam is designed for European companies which includes sector experts' presentations, tailored B2B meetings and a three-day business exhibition at the European Pavilion of the Renewable Energy & Energy Efficiency exhibition to be held from 25 - 27 November, 2015. The Trade Mission is the perfect choice for European companies in the sector who are looking to expand their business in Vietnam. Link to the Green Technologies Trade Mission.
CONTACT:
Ms Thanh-Cao NGUYEN
Phone Number: +84-(0)8-38-23-95-15 ext. 106
Email: events@evbn.org
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