Vietnam needs to boost energy efficiency and tap into various sources of power to ensure it meets the increase in demand.
The World Bank suggests the country must expand the use of renewable energy but use coal and natural gas too as well as increase power trading in Asia to help meet an expected 7% – 10% rise a year in demand until 2030.
However the country has made progress since 1990, the Bank adds.
It said the proportion of the population with access to electricity has jumped from 54% to 98% in the last two decades mainly through rural electrification.
The nation has a high share of renewable energy in the total generation mix, with hydropower accounting for 42% but experts believe it could further develop its solar and wind potential.
Axel van Trotsenburg, World Bank Vice President for East Asia Pacific said: “Vietnam has done well in providing access to electricity, with almost 100% of its population connected. Access to power has also been accompanied by improvements in operational efficiency and service quality.
“The key question is how to meet future demand while also complying with the government’s commitments to reducing GHG emission in the context of climate change.”