PECC3

24/11/2025

Development of BESS in Vietnam – Opportunities and Legal Challenges

Battery Energy Storage Systems (BESS) are considered crucial energy infrastructure in Vietnam's green transition. Given ambitious sustainable energy development goals and the current market landscape, BESS is opening up a significant investment gateway. Market Opportunities and Growth Potential The revised Power Development Plan VIII (PDP VIII) sets an ambitious target for BESS capacity development, aiming for 10,000 MW to 16,300 MW by 2030 (accounting for approximately 5.5–6.9% of the total national power generation capacity). Currently, the installed BESS capacity in Vietnam is only under 100 MW (as of late 2024/early 2025). This gap of over 16 GW represents a massive potential for growth and investment in less than 10 years. With wind and solar power capacity exceeding 23 GW (27% of the total system), BESS is an imperative solution to address power shortages in the North, localized grid congestion, and optimize curtailed renewable energy. Value and Opportunities Provided by BESS…