According to the Vietnamese government's forecast, its annual economic growth will average 10% from 2026 to 2030, and 7.5% through mid-century. To support this growth, commercial electricity consumption is projected to rise sharply, reaching between 500.4 and 557.8 billion kilowatt-hours (kWh) by 2030, and up to 1,375.1 billion kWh by 2050.

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Vietnam’s installed power capacity is also set to more than double in the next quarter-century, from about 85,655 megawatts (MW) in 2030 to as much as 228,570 MW by 2050. A central goal of the plan is to transition away from fossil fuels and increase the role of renewable energy. Excluding hydropower, the government expects renewables to supply between 28% and 36% of the electricity mix by 2030, and as much as 75% by 2050.