Sector Spotlight: Best Stocks in Vietnam’s Renewable Energy Market

Why Investors Are Turning to Green Power in Vietnam’s Booming Economy

As the global shift toward sustainability accelerates, Vietnam has positioned itself as a rising star in the renewable energy sector. With abundant natural resources, increasing energy demand, and strong government backing, Vietnam’s clean energy industry is attracting both domestic and international investments—especially in the stock market.

This article explores the top-performing and most promising renewable energy stocks in Vietnam, the policy landscape, and why the green energy market offers strong upside potential for long-term investors.

🔋 Vietnam’s Renewable Energy Surge: An Overview

Vietnam is Southeast Asia’s second-largest electricity consumer and one of the most ambitious in terms of energy transition. The country aims for:

Renewables to make up 50% of electricity production by 2045
Carbon neutrality by 2050, aligning with global climate goals
Scaling up solar, wind, biomass, and LNG investments
Reducing reliance on coal and imported fossil fuels

According to the Ministry of Industry and Trade (MOIT), Vietnam had more than 20GW of renewable energy capacity by 2024, driven by strong growth in solar (especially rooftop) and onshore wind projects.

🔗 Vietnam’s Economic Growth 2025: Key Drivers & Investment Outlook

🏦 Why Investors Are Bullish on Vietnam’s Renewable Energy Stocks

Several factors make Vietnam’s renewable energy sector appealing to stock investors:

Favorable Feed-in-Tariffs (FiTs) that ensure profit for producers
Strong government support via Power Development Plans (PDP8)
Rising ESG awareness among domestic and foreign institutional investors
Access to IPOs and joint ventures with foreign stakeholders
Low production costs due to Vietnam’s geography and labor market

📈 Top Renewable Energy Stocks to Watch in Vietnam (2025)

Here are some notable companies in Vietnam’s stock market that are active in the renewable energy sector or have green energy exposure:

1. Bamboo Capital Group (BCG)

Ticker: BCG (HOSE)
Focus: Solar energy, real estate, and construction
Why it’s hot: Through its subsidiary BCG Energy, the company has invested heavily in rooftop and utility-scale solar power. BCG is also expanding into wind and hydrogen.

🔗 Company Profile – BCG Energy

2. Trung Nam Group (Private, IPO expected)

Focus: Wind and solar power infrastructure
Why it’s hot: Trung Nam is behind one of the largest wind farms in Southeast Asia and is expected to go public, creating a potential unicorn IPO in the sector.

3. Refrigeration Electrical Engineering Corp (REE)

Ticker: REE (HOSE)
Focus: Hydropower, solar farms, infrastructure, M&E services
Why it’s hot: REE has diversified into hydropower and solar assets, and is well-established in Vietnam’s industrial infrastructure space.

🔗 REE Corporation – Investor Relations

4. Gia Lai Electricity JSC (GEG)

Ticker: GEG (HOSE)
Focus: Hydropower, solar and wind energy
Why it’s hot: GEG is a pure-play renewable energy stock, part of TTC Group. It operates dozens of small hydro and solar projects in central Vietnam.

5. Sao Mai Group Corporation (ASM)

Ticker: ASM (HOSE)
Focus: Aquaculture, real estate, solar energy
Why it’s hot: ASM owns solar farms in An Giang Province, and is a strong dividend-paying stock with ties to agriculture and sustainability.

🌏 Key Investment Trends to Watch

✔️ Green IPO Boom

Expect more renewable-focused companies to list on HOSE or HNX, offering exciting opportunities for early-stage investors.

✔️ ESG-Driven Portfolios

Both Vietnamese investment funds and global institutions are now integrating Environmental, Social, and Governance (ESG) factors into their stock picks.

✔️ Energy Storage & Smart Grid Investments

With rising renewables, there’s demand for energy storage, grid tech, and digital solutions—creating new stock categories beyond energy producers.

🧠 Risks to Consider

While the outlook is promising, investors should also keep in mind:

Policy volatility (e.g., changing FiT rates or project delays)
Land acquisition issues for wind/solar sites
Grid congestion in areas like Ninh Thuan and Binh Thuan
Lack of transparency in some small-cap stocks

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📊 Investing in Renewable Energy via ETFs & Funds

While Vietnam lacks dedicated green energy ETFs (for now), exposure can be gained via:

VN100 Index: Includes large-cap stocks like REE
Vietnam-focused mutual funds from Dragon Capital or VinaCapital
ESG thematic funds looking at emerging markets

Foreign investors can also invest via the Vietnam Stock Exchange (HOSE) or partner with Vietnam-based agents for stock broking or business partnerships.

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🏁 Conclusion: Vietnam’s Green Power = Green Profits?

Vietnam’s renewable energy sector is not only critical to the country’s environmental goals but also one of the most dynamic growth sectors in its capital markets. For investors seeking long-term value aligned with sustainability, renewable energy stocks in Vietnam present a strategic opportunity.

As demand for clean power accelerates, companies with scalable projects, strong management, and government alignment will lead the way. For best results, pair your investment decisions with local insights and professional advisory support, such as those provided by Vietnam-Agent.com.