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Vietnam Electricity says it expects to meet power demand throughout 2026 despite rising consumption. It plans to invest about VND 830 trillion over the next four years, roughly 69% more than in the previous period.
Vietnam’s electricity demand hit a record high in 2026, but Vietnam Electricity says it can ensure supply for the full year. Supply pressures are expected to rise in 2027 and 2028 as demand grows and some new power sources remain unavailable. The group plans to expand generation and battery storage and seek funding for its projects.
Vietnam Electricity says it can ensure sufficient power throughout 2026 despite three periods of extreme heat and record electricity demand. The Ministry of Industry and Trade expects demand to keep rising in 2027 and 2028, while new baseload power sources have yet to begin operating.
A Ministry of Industry and Trade official said on November 10 that Vietnam’s energy supply had remained stable in 2026, but rising electricity demand and delays affecting new power projects could make supply more difficult in 2027 and 2028. Vietnam Electricity plans to invest about 830 trillion dong from 2026 to 2030.
