BusinessVietnam Faces Electricity Challenges in High-Tech Growth Plans
Vietnam, recently promoted to "upper middle-income" status by the World Bank, aims to shift from low-value manufacturing to high-tech industries like semiconductor production. However, this transition demands significant energy, posing challenges given Vietnam's recent history of blackouts. To support energy-intensive industries, Vietnam plans to incorporate liquefied natural gas (LNG) into its power mix, targeting about 10% electricity generation from LNG by 2030 to sustain growth and avoid the middle-income trap.
HT World·

