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July 07, 2023 02:46 AM
In recent years, the Vietnamese energy storage sector has grown rapidly.
Vietnam’s Advantage in Energy Storage
The energy storage sector in Vietnam has a lot of promise. The increase in energy consumption, the transition to renewable energy, and government policies are all providing substantial potential for businesses to participate in this sector in Vietnam. At the same time, technological advancements and the expansion of research and development capabilities are critical to the growth of Vietnam’s energy storage industry. research institutions, universities, and technology companies have all made major contributions to the study and development of energy-efficient storage technologies.
International energy storage businesses are also showing interest in Vietnam. Famous firms such as Tesla, LG, and Samsung have created energy storage items such as phone batteries, laptops, and so on. This would not only open up prospects for technological collaboration and transfer, but will also boost Vietnam’s position and reputation in the worldwide market.
The Government’s vision for the Energy Storage sector
One notable fact is that the Vietnamese government has implemented regulations and programs to stimulate investment in the energy storage industry. Financial aid, tax breaks, and regulatory and licensing help will be provided to businesses investing in Vietnam.
Furthermore, on June 14, 2023, the conference “Trends of Technology and Solutions for Development of Vietnam’s Energy Industry in the Strategy of Industrialization and Modernization up to 2030, the Vision to 2045” appointed the energy industry as one of the crucial foundation industries. Priority should be given to assisting domestic and international firms investing in Vietnam to create storage battery systems, renewable energy equipment, training, and storage energy technology transfer…
Earlier, on March 28, a workshop on “Vietnam’s Energy Sector Vision Report towards 100% Renewable Energy by 2050” demonstrated Vietnam’s desire to transition to a clean energy future.
Two possible energy storage methods
There are two technologies in the energy storage field that are attracting attention and are considered promising:
TDK (Japan) and SSB Incorporated (USA) are two firms producing this type of battery.
Today, Vietnam remains a prospective and attractive market for the energy storage sector. Consider the GNP Dong Van 3 project in Ha Nam while investing in Vietnam. The project has several features that make it suited for the energy storage business, including:
Foreign firms interested in investing in Vietnam should rent the ready-built factory GNP Dong Van 3 in Ha Nam; please contact the Hotline +84 789 75 77 88 for assistance!