Listed companies such as REE Corporation and Hà Đô Group (HDG) are emerging as major players in Vietnam’s renewable energy sector, reporting strong revenue contributions from power projects. Meanwhile, other diversified firms with renewable energy operations still generate only modest income from the segment.
As Vietnam pushes ahead with its clean energy transition, differences in scale, investment capacity, and project execution are shaping which companies will dominate the country’s next growth phase in renewables.
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This article is a condensed and translated summary (original in Vietnamese, VN) of a feature published in the August 2024 issue of Bloomberg Businessweek Vietnam.