Top Renewable Energy Companies in Vietnam Driving the Green Revolution
Vietnam’s clean energy transformation has captured global attention in recent years. According to the Institute for Energy Economics and Financial Analysis (IEEFA), the country expanded its solar and wind capacity from near zero to more than 21,000 megawatts, making it one of Southeast Asia’s fastest-growing renewable markets. This rise was powered by ambitious government policies, strong private investment and a dynamic group of local developers.
Today, several leading companies have become the backbone of this transition, shaping Vietnam’s path toward a sustainable and secure energy future. These organisations have shown how rapidly the shift toward renewables can occur when innovation aligns with national ambition. This momentum is redefining the landscape for renewable energy companies in Vietnam and setting new regional benchmarks.
Vietnam’s Clean Energy Momentum
Feed-in Tariff (FIT) policies triggered the first major wave of renewable development in Vietnam. The incentives brought billions of dollars into solar and wind projects, attracting domestic and international investors. As electricity prices remain regulated while generation costs rise, the policy framework is now shifting toward sustainability, competitive pricing and long-term financial balance. Despite this adjustment, the early FIT phase created a strong foundation, allowing Vietnam to revise and raise its renewable energy targets with confidence. The most recent Power Development Plan outlines a future where solar, wind, and energy storage will dominate the national energy mix.
This is where the leading renewable energy companies in Vietnam play a crucial role, providing the technology, expertise and speed needed to meet rising electricity demand while reducing carbon emissions.
Key Renewable Energy Companies Leading Vietnam’s Transition
Vietnam’s green energy journey is powered by developers that have brought large-scale solar farms, onshore wind clusters and hybrid projects to life. These companies have contributed significantly to Vietnam’s national goals and strengthened its position in the regional clean energy market.
Bamboo Capital Group (BCG Energy)
BCG Energy has established itself as a major force in Vietnam’s transition to clean power. The company develops and operates a diverse range of renewable assets, including large utility-scale solar farms, wind projects and waste-to-energy facilities. Their strategy combines strong engineering capability with fast project execution. BCG Energy’s projects have supported the country’s early adoption of solar technology and helped deliver reliable green power to the grid.
Trung Nam Group (TNG)
Trung Nam Group is known for spearheading some of Vietnam’s most notable renewable projects. The company has developed several large-scale solar and wind farms, contributing thousands of megawatts to national capacity. TNG is also recognised for investing in transmission infrastructure to address grid congestion, demonstrating a long-term commitment to Vietnam’s energy security. Their integrated approach continues to influence how renewable systems are planned and delivered.
Xuan Cau Holdings (XCH)
Xuan Cau Holdings has rapidly scaled its renewable footprint in Vietnam through major solar and wind investments. The company gained attention for developing one of the country’s most significant solar complexes during the FIT boom. Their capability to mobilize resources quickly and establish partnerships has kept them at the forefront of Vietnam’s clean energy expansion.
T&T Group
T&T Group has become a key participant in the renewable sector with a growing portfolio of wind and solar projects. The company often collaborates with international partners to bring global expertise into Vietnam, enhancing local capabilities and technology standards. Their expanding renewable footprint supports national targets while promoting sustainable investment practices.
Vu Phong Energy Group
Vu Phong Energy Group is widely regarded for its technical expertise in solar engineering, procurement and construction. They also provide long-term operations and maintenance services, supporting the performance of solar plants across the country. Vu Phong’s focus on quality and reliability makes them one of the important contributors to solar expansion in Vietnam.
Gia Lai Electricity JSC (GEC)
GEC has diversified across hydropower, solar and wind projects, making it one of the most balanced renewable producers in the Vietnamese market. The company’s experience in managing hydro projects provides an advantage in designing hybrid and flexible renewable solutions. Their contribution to rural electrification has been especially impactful.
Ha Do Group
Ha Do Group continues to expand its clean energy portfolio with hydro, solar and wind projects. The organization’s disciplined investment strategy and long-term vision have helped it maintain strong performance across multiple renewable segments. Ha Do’s ability to integrate different technologies strengthens Vietnam’s overall energy resilience.
The Path Ahead for Vietnam’s Renewable Sector
The growth of renewable energy companies in Vietnam reflects a larger shift in national priorities. Vietnam is moving beyond short-term incentives and entering a more mature phase defined by competitive auctions, direct power purchase agreements, and stronger grid planning. This next phase will rely heavily on companies that can innovate, adapt and scale quickly.
Domestic manufacturing capability in solar technology also gives Vietnam an unexpected advantage. As export markets face uncertainties, local developers may rely more on homegrown solutions, strengthening the supply chain and reducing dependence on imports.
To reach its 2030 and 2050 goals, Vietnam will need continued investment in transmission infrastructure, battery storage systems, and regulatory frameworks that ensure financial stability for utilities and developers. Competitive auctions, in particular, can help maintain investor confidence while lowering long-term electricity costs.
A Bright Future Powered by Collaboration
Vietnam’s renewable transformation demonstrates what is possible when government policy, private enterprise, and technological innovation move in the same direction. The companies driving this shift are not only building power plants; they are shaping a national energy identity built on resilience, sustainability and economic opportunity.
As the region accelerates its energy transition, Hero Future Energies recognizes the remarkable progress made by Vietnam and the essential role these companies play in shaping a green and prosperous future. The journey ahead is full of promise, and with strong collaboration, Vietnam can continue to lead Southeast Asia’s clean energy revolution.