IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v134y2020ics1364032120304081.html
   My bibliography  Save this article

A critical review of energy resources, policies and scientific studies towards a cleaner and more sustainable economy in Vietnam

Author

Listed:
  • Nong, Duy
  • Wang, Can
  • Al-Amin, Abul Quasem

Abstract

Vietnam is a young and fast-growing economy in Southeast Asia that has put effort into internationally tackling climate change issues. By well understanding the energy resources, markets, policies, and scientific studies will help the country move faster towards a cleaner and more sustainable economy. This review indicates that Vietnam has abundant natural resources to develop renewable power; however, the country's economy is still small, lacking financial capacity, advanced technologies and human resources for rapid development of renewable energy. Institutional barriers, such as market-controlled mechanisms and unstable supporting policies, also limit investment in renewable power sectors. Transmission and distribution networks are currently not compatible with power plant construction, leading to high risks for investors. Due to financial and technological constraints, Vietnam still needs to strongly develop fuel-fired power along with renewable energy. As a result, although the energy policies and plans are set towards cleaner production, progress will be slow. Vietnam may need strong support from international organizations and governments to develop better financial capacity, as well as quality human resources and advanced technology in order to transition to a low-carbon economy more rapidly. A better and stronger energy efficiency policy should also be facilitated so that power targets can be achieved at lower costs for the country to release much lower emission levels. Research-based findings also need to be strengthened to support policy-decision making.

Suggested Citation

  • Nong, Duy & Wang, Can & Al-Amin, Abul Quasem, 2020. "A critical review of energy resources, policies and scientific studies towards a cleaner and more sustainable economy in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    • Handle: RePEc:eee:rensus:v:134:y:2020:i:c:s1364032120304081
    DOI: 10.1016/j.rser.2020.110117
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032120304081
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2020.110117?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nguyen, Phuong Anh & Abbott, Malcolm & Nguyen, Thanh Loan T., 2019. "The development and cost of renewable energy resources in Vietnam," Utilities Policy, Elsevier, vol. 57(C), pages 59-66.
    2. Rode, Julian & Gómez-Baggethun, Erik & Krause, Torsten, 2015. "Motivation crowding by economic incentives in conservation policy: A review of the empirical evidence," Ecological Economics, Elsevier, vol. 117(C), pages 270-282.
    3. Nong, Duy & Nguyen, Duong Binh & Nguyen, Trung H. & Wang, Can & Siriwardana, Mahinda, 2020. "A stronger energy strategy for a new era of economic development in Vietnam: A quantitative assessment," Energy Policy, Elsevier, vol. 144(C).
    4. Ha-Duong, Minh & Nguyen-Trinh, Hoang Anh, 2017. "Two scenarios for carbon capture and storage in Vietnam," Energy Policy, Elsevier, vol. 110(C), pages 559-569.
    5. Nguyen, Khanh Q., 2007. "Alternatives to grid extension for rural electrification: Decentralized renewable energy technologies in Vietnam," Energy Policy, Elsevier, vol. 35(4), pages 2579-2589, April.
    6. Minh Ha-Duong & Hoang Anh Nguyen Trinh, 2017. "Two scenarios for carbon capture and storage in Vietnam," Post-Print hal-01550029, HAL.
    7. Wang, Jianliang & Feng, Lianyong & Tverberg, Gail E., 2013. "An analysis of China's coal supply and its impact on China's future economic growth," Energy Policy, Elsevier, vol. 57(C), pages 542-551.
    8. Nguyen, Trung Thanh & Nguyen, Thanh-Tung & Hoang, Viet-Ngu & Wilson, Clevo & Managi, Shunsuke, 2019. "Energy transition, poverty and inequality in Vietnam," Energy Policy, Elsevier, vol. 132(C), pages 536-548.
    9. Coxhead, Ian & Wattanakuljarus, Anan & Nguyen, Chan V., 2013. "Are Carbon Taxes Good for the Poor? A General Equilibrium Analysis for Vietnam," World Development, Elsevier, vol. 51(C), pages 119-131.
    10. Nguyen, Khanh Q., 2008. "Impacts of a rise in electricity tariff on prices of other products in Vietnam," Energy Policy, Elsevier, vol. 36(8), pages 3135-3139, August.
    11. Nong, Duy, 2018. "General equilibrium economy-wide impacts of the increased energy taxes in Vietnam," Energy Policy, Elsevier, vol. 123(C), pages 471-481.
    12. Nguyen Cong Van,, 1996. "A study of the potential of renewable energy sources and its application in Vietnam," Renewable Energy, Elsevier, vol. 9(1), pages 1161-1164.
    13. Phrakhruopatnontakitti & Busakorn Watthanabut & Kittisak Jermsittiparsert, 2020. "Energy Consumption, Economic Growth and Environmental Degradation in 4 Asian Countries: Malaysia, Myanmar, Vietnam and Thailand," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 529-539.
    14. Al-Mulali, Usama & Saboori, Behnaz & Ozturk, Ilhan, 2015. "Investigating the environmental Kuznets curve hypothesis in Vietnam," Energy Policy, Elsevier, vol. 76(C), pages 123-131.
    15. Nguyen, Khanh Q., 2007. "Wind energy in Vietnam: Resource assessment, development status and future implications," Energy Policy, Elsevier, vol. 35(2), pages 1405-1413, February.
    16. Duc Luong, Nguyen, 2015. "A critical review on potential and current status of wind energy in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 440-448.
    17. Nguyen Anh Tuan, 1997. "Energy and environmental issues in Vietnam," Natural Resources Forum, Blackwell Publishing, vol. 21(3), pages 201-207, August.
    18. Tang, Chor Foon & Tan, Bee Wah & Ozturk, Ilhan, 2016. "Energy consumption and economic growth in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 1506-1514.
    19. Shem, Caitlin & Simsek, Yeliz & Hutfilter, Ursula Fuentes & Urmee, Tania, 2019. "Potentials and opportunities for low carbon energy transition in Vietnam: A policy analysis," Energy Policy, Elsevier, vol. 134(C).
    20. Hasanbeigi, Ali & Price, Lynn, 2012. "A review of energy use and energy efficiency technologies for the textile industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 3648-3665.
    21. Nguyen, Bao T. & Pryor, Trevor L., 1997. "The relationship between global solar radiation and sunshine duration in Vietnam," Renewable Energy, Elsevier, vol. 11(1), pages 47-60.
    22. Nong, Duy & Nguyen, Trung H. & Wang, Can & Van Khuc, Quy, 2020. "The environmental and economic impact of the emissions trading scheme (ETS) in Vietnam," Energy Policy, Elsevier, vol. 140(C).
    23. Tuan, Nguyen Anh & Lefevre, Thierry, 1996. "Analysis of household energy demand in Vietnam," Energy Policy, Elsevier, vol. 24(12), pages 1089-1099, December.
    24. Tang, Chor Foon & Tan, Bee Wah, 2015. "The impact of energy consumption, income and foreign direct investment on carbon dioxide emissions in Vietnam," Energy, Elsevier, vol. 79(C), pages 447-454.
    25. Ho, Shirley S. & Oshita, Tsuyoshi & Looi, Jiemin & Leong, Alisius D. & Chuah, Agnes S.F., 2019. "Exploring public perceptions of benefits and risks, trust, and acceptance of nuclear energy in Thailand and Vietnam: A qualitative approach," Energy Policy, Elsevier, vol. 127(C), pages 259-268.
    26. Kumar, Amit & Bhattacharya, S.C & Pham, H.L, 2003. "Greenhouse gas mitigation potential of biomass energy technologies in Vietnam using the long range energy alternative planning system model," Energy, Elsevier, vol. 28(7), pages 627-654.
    27. Nguyen, Nhan T. & Ha-Duong, Minh, 2009. "Economic potential of renewable energy in Vietnam's power sector," Energy Policy, Elsevier, vol. 37(5), pages 1601-1613, May.
    28. Quirapas, Mary Ann Joy Robles & Lin, Htet & Abundo, Michael Lochinvar Sim & Brahim, Sahara & Santos, Diane, 2015. "Ocean renewable energy in Southeast Asia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 799-817.
    29. Duc Luong, Nguyen, 2015. "A critical review on Energy Efficiency and Conservation policies and programs in Vietnam," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 623-634.
    30. Minh Do, Tien & Sharma, Deepak, 2011. "Vietnam's energy sector: A review of current energy policies and strategies," Energy Policy, Elsevier, vol. 39(10), pages 5770-5777, October.
    31. Nguyen, Khanh Q., 2008. "Internalizing externalities into capacity expansion planning: The case of electricity in Vietnam," Energy, Elsevier, vol. 33(5), pages 740-746.
    32. Elobeid, Amani & Van der Mensbrugghe, Dominique & Dessus, Sebastien, 2002. "Outward Orientation, Growth, and the Environment in Vietnam," Staff General Research Papers Archive 4085, Iowa State University, Department of Economics.
    33. Giovanna Morelli & Marco Mele, 2020. "Energy Consumption, CO2 and Economic Growth Nexus in Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 443-449.
    34. Minh Ha-Duong & Hoang Anh Nguyen Trinh, 2017. "Two scenarios for carbon capture and storage in Vietnam," CIRED Working Papers hal-01550029, HAL.
    35. Hien, P.D., 2019. "Excessive electricity intensity of Vietnam: Evidence from a comparative study of Asia-Pacific countries," Energy Policy, Elsevier, vol. 130(C), pages 409-417.
    36. An Ha Truong & Piera Patrizio & Sylvain Leduc & Florian Kraxner & Minh Ha-Duong, 2019. "Reducing emissions of the fast growing Vietnamese coal sector: the chances offered by biomass co-firing," Post-Print hal-01974493, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rabie Said & Muhammad Ishaq Bhatti & Ahmed Imran Hunjra, 2022. "Toward Understanding Renewable Energy and Sustainable Development in Developing and Developed Economies: A Review," Energies, MDPI, vol. 15(15), pages 1-12, July.
    2. Tran, Trung Kien & Lin, Chia-Yang & Tu, Yu-Te & Duong, Nam Tien & Pham Thi, Thuy Dung & Shoh-Jakhon, Khamdamov, 2023. "Nexus between natural resource depletion and rent and COP26 commitments: Empirical evidence from Vietnam," Resources Policy, Elsevier, vol. 85(PB).
    3. Xu, Yue & Tian, Shu & Wang, Qingsong & Yuan, Xueliang & Ma, Qiao & Liu, Mengyue & Xu, Zhaopeng & Liu, Jixiang & Xu, Xiang & Liu, Chengqing, 2021. "Optimization path of energy-economy system from the perspective of minimum industrial structure adjustment," Energy, Elsevier, vol. 237(C).
    4. Marta Daroń & Marlena Wilk, 2021. "Management of Energy Sources and the Development Potential in the Energy Production Sector—A Comparison of EU Countries," Energies, MDPI, vol. 14(3), pages 1-12, January.
    5. Binh Nguyen, Duong & Nong, Duy & Simshauser, Paul & Nguyen-Huy, Thong, 2022. "General equilibrium impact evaluation of food top-up induced by households’ renewable power self-supply in 141 regions," Applied Energy, Elsevier, vol. 306(PB).
    6. Wadim Strielkowski & Lubomír Civín & Elena Tarkhanova & Manuela Tvaronavičienė & Yelena Petrenko, 2021. "Renewable Energy in the Sustainable Development of Electrical Power Sector: A Review," Energies, MDPI, vol. 14(24), pages 1-24, December.
    7. Binh Do & Thai Tran & Ninh Nguyen, 2021. "Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications," Energies, MDPI, vol. 14(12), pages 1-21, June.
    8. Liu, Yuan & Chen, Jiahui & Zhao, Lutao & Liao, Hua, 2023. "Rural photovoltaic projects substantially prompt household energy transition: Evidence from China," Energy, Elsevier, vol. 275(C).
    9. Guanyi Yu & Qiang Lin & Xiaoqian Qi, 2021. "Government Incentive Contracts for Microgrid Users," Energies, MDPI, vol. 14(4), pages 1-16, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nong, Duy & Nguyen, Duong Binh & Nguyen, Trung H. & Wang, Can & Siriwardana, Mahinda, 2020. "A stronger energy strategy for a new era of economic development in Vietnam: A quantitative assessment," Energy Policy, Elsevier, vol. 144(C).
    2. Nong, Duy, 2018. "General equilibrium economy-wide impacts of the increased energy taxes in Vietnam," Energy Policy, Elsevier, vol. 123(C), pages 471-481.
    3. Shahbaz, Muhammad & Haouas, Ilham & Hoang, Thi Hong Van, 2019. "Economic growth and environmental degradation in Vietnam: Is the environmental Kuznets curve a complete picture?," Emerging Markets Review, Elsevier, vol. 38(C), pages 197-218.
    4. Dung Tien Nguyen & Thanh Quang Ngo, 2019. "Dynamics of Household-level Energy Access in Vietnam during 2002-2014," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 132-145.
    5. Nguyen, Phuong Anh & Abbott, Malcolm & Nguyen, Thanh Loan T., 2019. "The development and cost of renewable energy resources in Vietnam," Utilities Policy, Elsevier, vol. 57(C), pages 59-66.
    6. A. H. Truong & Minh Ha-Duong, 2018. "Impact of Co-firing Straw for Power Generation to Air Quality: A Case Study in Two Coal Power Plants in Vietnam," Post-Print hal-02352700, HAL.
    7. Thanh Tu Tran & Shinichiro Fujimori & Toshihiko Masui, 2016. "Realizing the Intended Nationally Determined Contribution: The Role of Renewable Energies in Vietnam," Energies, MDPI, vol. 9(8), pages 1-17, July.
    8. Tuan-Viet Hoang & Pouya Ifaei & Kijeon Nam & Jouan Rashidi & Soonho Hwangbo & Jong-Min Oh & ChangKyoo Yoo, 2018. "Optimal Management of a Hybrid Renewable Energy System Coupled with a Membrane Bioreactor Using Enviro-Economic and Power Pinch Analyses for Sustainable Climate Change Adaption," Sustainability, MDPI, vol. 11(1), pages 1-22, December.
    9. Ko, Yu-Chia & Zigan, Krystin & Liu, Yu-Lun, 2021. "Carbon capture and storage in South Africa: A technological innovation system with a political economy focus," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    10. Anh Ngoc-Lan Huynh & Ravinesh C. Deo & Duc-Anh An-Vo & Mumtaz Ali & Nawin Raj & Shahab Abdulla, 2020. "Near Real-Time Global Solar Radiation Forecasting at Multiple Time-Step Horizons Using the Long Short-Term Memory Network," Energies, MDPI, vol. 13(14), pages 1-30, July.
    11. Nong, Duy & Nguyen, Trung H. & Wang, Can & Van Khuc, Quy, 2020. "The environmental and economic impact of the emissions trading scheme (ETS) in Vietnam," Energy Policy, Elsevier, vol. 140(C).
    12. Binh Do & Thai Tran & Ninh Nguyen, 2021. "Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications," Energies, MDPI, vol. 14(12), pages 1-21, June.
    13. Ngo Ngoc Minh, 2020. "Foreign Direct Investment and Carbon Dioxide Emissions: Evidence from Capital of Vietnam," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 76-83.
    14. Lin, Boqiang & Jia, Zhijie, 2019. "What will China's carbon emission trading market affect with only electricity sector involvement? A CGE based study," Energy Economics, Elsevier, vol. 78(C), pages 301-311.
    15. Bakkensen, Laura & Schuler, Paul, 2020. "A preference for power: Willingness to pay for energy reliability versus fuel type in Vietnam," Energy Policy, Elsevier, vol. 144(C).
    16. Moataz Elshimy & Khadiga M. El-Aasar, 2020. "Carbon footprint, renewable energy, non-renewable energy, and livestock: testing the environmental Kuznets curve hypothesis for the Arab world," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(7), pages 6985-7012, October.
    17. Ansari, Mohd Arshad, 2022. "Re-visiting the Environmental Kuznets curve for ASEAN: A comparison between ecological footprint and carbon dioxide emissions," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    18. Karaaslan, Abdulkerim & Çamkaya, Serhat, 2022. "The relationship between CO2 emissions, economic growth, health expenditure, and renewable and non-renewable energy consumption: Empirical evidence from Turkey," Renewable Energy, Elsevier, vol. 190(C), pages 457-466.
    19. Yong Zeng & Yanpeng Cai & Guohe Huang & Jing Dai, 2011. "A Review on Optimization Modeling of Energy Systems Planning and GHG Emission Mitigation under Uncertainty," Energies, MDPI, vol. 4(10), pages 1-33, October.
    20. Zaman, Khalid & Moemen, Mitwali Abd-el., 2017. "Energy consumption, carbon dioxide emissions and economic development: Evaluating alternative and plausible environmental hypothesis for sustainable growth," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 1119-1130.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:134:y:2020:i:c:s1364032120304081. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.