Foreign investors rush in as Vietnam’s energy-storage sector takes shape

Vietnam’s updated national Power Development Plan VIII (PDP8) highlights energy storage as a key priority. (Photo: unsplash)

Vietnam is accelerating the development of energy storage and is expected to release detailed pricing rules as early as the end of 2025, offering investors a clearer market outlook.

Although current projects remain at the pilot stage, they have already attracted foreign investors and international non-profit organizations, paving the way for a larger renewable-energy market.

What energy storage goals are set in updated PDP8?

The updated national Power Development Plan VIII (PDP8) designates energy storage as a priority area, targeting 10 to 16.3 GW of installed capacity by 2030 and a significant scale-up to 96 GW by 2050. Recent renewable-energy policies, which incorporate storage into pricing criteria, indicate that a broader regulatory framework for the industry is taking shape.