The Energy Transition in Vietnam

Vietnam is positioning itself as a critical player in the global energy transition, leveraging its substantial critical mineral resources, including rare earths, copper, and graphite, which are essential for green technologies such as electric vehicles and renewable energy systems. The country’s energy mix remains dependent on natural gas and coal; however, Vietnam is actively expanding its renewable energy capacity with a focus on solar, wind, and hydropower to meet growing energy demands and reduce carbon emissions. Vietnam's rich deposits of minerals like titanium, manganese, and rare earth elements are crucial for the clean energy transition, and the government is committed to integrating ESG frameworks in its mining and energy development strategies. Geopolitically, Vietnam's location within the ASEAN region and its participation in trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) give it access to global supply chains and trade opportunities. As Vietnam continues to bolster its renewable energy sector and critical mineral production, it is strengthening its role in both regional energy security and the global clean energy transition, positioning itself as an emerging hub for sustainable industrial growth.