US$136.3 billion Investment
Wave Opens a Historic Opportunity for Vietnams Energy Equipment Market
A US$136.3 billion investment pipeline for power generation and grids to
2030 is opening a new race in technology, equipment and supply capability.
Against this backdrop, GEEC 2027 organised by VEFAC (the operator of the
Vietnam Exposition Center, VEC) in partnership with dmg events (Dubai) will
bring together hundreds of companies and experts at VEC from 2426 February
2027, creating a direct meeting point between domestic investment demand and
global energy suppliers.
Investment
in transmission and digitalised operations is widening demand for equipment and
for protection and control systems. (Illustrative image)
Vietnams
$136.3 Billion Energy Investment Boom Creates Major Opportunities for Global
Suppliers
·
Vietnam is set to invest US$136.3 billion in
power generation and transmission infrastructure by 2030.
·
The investment includes:
o US$118.2
billion for power generation projects.
o US$18.1
billion for electricity transmission networks.
·
Rising electricity demand is driving the
investment surge:
o Vietnam
generated and imported 171.54
billion kWh of electricity in the first half of 2026.
o Peak
electricity demand reached a record 57,537
MW.
·
Under the revised National Power Development Plan VIII
(PDP8):
o Total
generating capacity is targeted at 183,291236,363
MW by 2030.
o Commercial
electricity output is expected to reach 500.4557.8
billion kWh.
·
Vietnam plans to develop 10,00016,300 MW of battery storage
capacity by 2030, significantly higher than earlier targets.
·
Utility-scale solar projects will be
required to include battery storage equivalent to at least 10% of capacity with two hours of
storage.
·
Major transmission expansion plans
include:
o 12,944
km of 500 kV power lines
o 15,307
km of 220 kV power lines between 2025 and 2030.
·
The investment wave is creating strong
demand for:
o Power
equipment
o Grid
infrastructure
o Battery
storage systems
o Protection
and control systems
o Engineering
and maintenance services
o Digitalized
energy management solutions
·
Vietnam is also focusing on:
o Renewable
energy expansion
o Energy
storage technologies
o Grid
modernization
o Energy
security and supply chain resilience
·
The government aims to establish two inter-regional renewable energy
industry and service centers by 2030.
·
To connect investors with technology
providers, Vietnam will host the Global
Energy Exhibition & Congress Vietnam (GEEC) 2027 in Hanoi
from 2426 February 2027.
·
GEEC 2027 is organized by:
o Vietnam
Exhibition Fair Centre (VEFAC/VEC)
o dmg
events (Dubai)
·
Expected scale of GEEC 2027:
o More
than 800 exhibitors
o Over
30,000 visitors
o More
than 450 speakers
o Around
1,000 senior delegates
·
The exhibition will cover the entire
energy value chain, including:
o Oil
and gas
o LNG
o Coal
and minerals
o Power
generation
o Renewable
energy
o Energy
storage
o Transmission
systems
o Energy
technologies
·
Vietnam's government has strongly
supported the initiative, viewing it as a platform to attract:
o Foreign
investment
o Advanced
technologies
o Global
energy partnerships
·
The country aims to become a regional energy connectivity and
investment hub in Southeast Asia.
[ABS News Service/03.10.2026]
Power demand drives investment in generation and grids
According to Vietnam Electricity (EVN), electricity generation and
imports across the national system reached 171.54 billion kWh in the first six
months of 2026, up 9.85% year on year, while peak system load hit a record high
of 57,537 MW. This growth is adding pressure on the pace of investment in
generation and grids.
Industry and construction remain the largest electricity consumers,
meaning that a stable power supply has a direct bearing on production and on
the competitiveness of the economy.
By 2030, the revised National Power Development Plan VIII (PDP8) targets commercial
electricity output of around 500.4557.8 billion kWh and total generating
capacity of 183,291236,363 MW. Over the same period, investment needs are
estimated at around US$118.2 billion for power generation and around US$18.1 billion
for the transmission grid. This scale of investment is increasing demand for
equipment and engineering services across design, installation, operation and
maintenance.
The revised PDP8 also targets 10,00016,300 MW of battery storage by
2030, several times the 300 MW target set in the original PDP8. This comes with
a requirement for utility-scale solar plants to incorporate battery storage
equivalent to at least 10% of their capacity, with two hours of storage
duration. The change is already driving demand for power conversion systems,
energy management, control, safety and integration services.
On the grid side, the revised PDP8 also sets out new construction of
12,944 km of 500 kV lines and 15,307 km of 220 kV lines over the 20252030
period. This leaves considerable room for growth in the market for substation
equipment, protection and control systems, engineering design, construction,
digitalised operation and maintenance.
Grid investment is also accelerating. In the first seven months of this
year, EVN and its units started construction on 98 projects and energised 100
grid projects at voltages from 110 kV to 500 kV. The ability to meet technical
standards, delivery schedules and operational requirements has therefore become
a key criterion for suppliers.
At the same time, domestic energy security remains closely exposed to
volatility in international supply chains. The International Energy Agency (IEA) notes that around 27% of Asia's
liquefied natural gas (LNG) imports depend on shipping routes through the
Strait of Hormuz a chokepoint carrying significant geopolitical risk.
Proactively diversifying supply, scaling up renewables, expanding storage and
upgrading the grid are therefore central to strengthening the resilience of
Vietnam's energy system.
In addition, the target of establishing two inter-regional renewable
energy industry and service centres by 2030 requires the combined effort of the
entire ecosystem. Investors' need to identify the right technologies and
reliable supply partners is therefore more pressing than ever.
At the strategic level, Politburo Resolution No. 70-NQ/TW identifies
ensuring national energy security as a key foundation for the country's
development and underlines the need to step up international cooperation and
energy connectivity within ASEAN. This direction gives Vietnam further grounds
to expand domestic supply capacity while progressively strengthening its role
in the regional energy ecosystem.
GEEC 2027: Where investment demand meets the global supply chain
To connect domestic investment capital with global supply chains, Global Energy Exhibition & Congress Vietnam (GEEC) has been launched as a landmark
meeting point. The event is organised by Vietnam Exhibition Fair Centre Joint
Stock Company (VEFAC, the operator of VEC) in partnership with dmg events
(Dubai), a member of the UK-based Daily Mail & General Trust group, and is
scheduled to take place at VEC from 24 to 26 February 2027.
The foundations for the event were laid in November 2025, when VEC and
dmg events signed a strategic cooperation memorandum of understanding at ADIPEC
in Abu Dhabi, one of the world's most influential energy events. GEEC is the
first initiative under the partnership and is also seen as the starting point
of a long-term strategy to integrate Vietnam more deeply into the international
energy network.
ADIPEC is regarded as the meeting place for the entire global energy
ecosystem: its 2025 edition drew more than 239,000 attendees from 172
countries, 2,250 companies and over 1,800 speakers. Bringing that experience to
Vietnam, GEEC aims to become the gateway for the international energy community
to access the Vietnamese market, and an essential destination for investors and
technology and equipment providers seeking to take part in the country's new
energy investment cycle.
With a target footprint of up to 80,000 m², GEEC 2027 is expected to
bring together more than 800 exhibitors and attract over 30,000 visitors, more
than 450 speakers and 1,000 senior delegates from Vietnam and abroad.
Unlike conventional trade shows, GEEC covers the full energy value
chain, from traditional energy sources to renewables, new technologies and
energy transition solutions. It also combines the exhibition with conferences,
business matchmaking and technical exchange. Investors can explore technologies
and assess suppliers, while exhibitors can meet partners with investment,
procurement or project delivery needs.
A defining feature of GEEC 2027 is its ability to bring together
Vietnam's entire energy ecosystem. The event is expected to feature the
country's leading energy groups and corporations, alongside major companies in
power, oil and gas, LNG, coal and minerals, renewables, transmission, energy
logistics and technology. The simultaneous presence of the core enterprises
responsible for safeguarding national energy security will provide a
comprehensive picture of Vietnam's energy ecosystem in a single venue.
Internationally, through dmg events' portfolio of more than 115 events,
GEEC not only connects the domestic market but also opens opportunities for
Vietnamese companies to engage directly with leading energy corporations,
project developers, investment funds and technology providers from the Middle
East, Europe, North America and Asia.
Timing also makes GEEC 2027 an opportunity not to be missed. The
20262030 period is when many LNG-to-power, transmission, renewable energy,
energy storage and related infrastructure projects move into implementation at
the same time.
At a working session on 28 July 2026, Standing Deputy Prime Minister Pham
Gia Tuc highlighted the significance of the event and welcomed the partnership
between VEFAC and dmg events in organising international exhibitions and
conferences in Vietnam. The Standing Deputy Prime Minister stressed that the
partnership offers an opportunity for Vietnam to connect with a network of
leading global businesses, corporations and investors, while helping to promote
trade and investment and expand international cooperation in the energy sector.
A day earlier, Minister of Foreign Affairs Le Hoai Trung received
Christopher Hudson, President of dmg events a group with more than 20 years
of experience in organising international events and exhibitions, particularly
in the energy and construction sectors at the ministry's headquarters. The
two consecutive high-level meetings indicate that Government leaders' interest
extends beyond a single exhibition to the long-term presence of an
international events network in Vietnam.
The meetings also signalled that energy is now directly linked to
Vietnam's high-growth targets. Electricity demand is rising not only from
manufacturing and business activity but also from the growth of data centres,
science and technology, innovation and digital transformation. The drive to
build a diversified, modern and sustainable energy system is therefore widening
the scope for capital, advanced technologies and international cooperation
models.
Notably, Government leaders affirmed their readiness to help present
Vietnam's energy sector development plans, and priority projects seeking
investment, to international partners. The Standing Deputy PM directed
ministries and agencies to step up information sharing and encourage Vietnamese
companies to take part in events organised by dmg events, find partners and
expand cooperation. Measures to facilitate administrative procedures, entry and
exit, visas for experts and investors, and customs clearance for exhibition
goods will also be studied in accordance with regulations.
This provides an important foundation for GEEC 2027 to move beyond the
scope of an exhibition and become a convergence point for the entire Vietnamese
and international energy ecosystem where policy direction, investment
projects, capital, technology, supply chains and strategic partners meet. From
that meeting point, Vietnam will have a stronger basis to raise its profile as
a destination for global energy events and progressively realise its ambition
to become a new hub for energy connectivity in Southeast Asia.
Combining VEC's modern infrastructure with dmg events' global partner
network, GEEC 2027 is set to give Vietnamese companies a strong boost: faster
access to leading-edge technologies, a shorter search for partners and a prime
opportunity in the US$136.3 billion energy investment wave. Vietnam is entering
its largest energy investment cycle to date, and GEEC 2027 will be an entry
point for companies to take part in shaping the region's energy future.