“This study analyzes the social aspects and political feasibility of an energy transition in Vietnam, identifies four main barriers to the country’s progress toward a socially just energy transition, and provides recommendations for how to achieve this.
The authors note Vietnam’s vulnerability to climate change and the opportunities and challenges involved in reaching its climate goals through a just energy transition. Vietnam’s progress toward energy efficiency has seen numerous institutional challenges, including insufficient and ineffective policies, complex procedures for investing in renewable energy, economic and financial barriers, and poor human capacity in the energy sector. Each of these obstacles harms public perceptions of renewable energy.
To address these challenges, the authors suggest various energy sector reforms: draft a new long-term energy vision, shift investment focus, improve state-owned enterprises’ transparency and regulations, and adopt new fiscal policies that promote renewable energy. To improve public perceptions, they also suggest conducting more capacity building, community outreach, and policy dialogues.”