Vietnam is embarking on one of Southeast Asia’s most ambitious energy transitions. With rapid industrial growth and rising electricity demand, the country has unveiled Power Development Plan VIII (PDP8)—a sweeping national energy strategy backed by US$136 billion in investment through 2030. This plan outlines how Vietnam intends to expand capacity, diversify energy sources, modernize infrastructure, and align its energy development with long-term climate and economic goals. Vietnam’s power generation mix as of 2024 includes a diverse range of energy sources. Coal-fired power plants remain dominant, accounting for approximately 43 percent of total installed capacity. Hydropower is the next largest contributor, supported by large plants like Hoa Binh and Tri An.