A major shift is expected, with projections indicating that by 2050, investment in offshore wind energy will account for up to 50% of total capital, while oil and gas will drop to 25%.
Regulatory reforms, financial support, improved infrastructure, and tax incentives have collectively created fertile ground for private sector development, according to GIZ Vietnam.
As Vietnam’s factories shift from manual labor to smart technologies, German expertise in automation is helping power the country’s next industrial leap.