Dau Tieng Solar Power Project in Vietnam. (Photo: Wikimedia Commons)
According to a report from the London-based energy think tank EMBER, Vietnam accounted for 69% of ASEAN's solar and wind generation in 2022. Experts generally agree that Vietnam leads other ASEAN countries regarding total installed capacity and project development in renewable energy. However, there are concerns about insufficient localization. It may be like the automobile or ICT industry that relies too much on foreign companies, local companies undertake only low-cost processing and assembly work, or even cannot produce any simple components.
