Vietnam needs $8bn-$14bn power investment a year through 2030

Power-generating windmill turbines are pictured at a wind park in Bac Lieu province, Vietnam, on July 8, 2017. (Reuters photo)

HANOI: Vietnam will need investment of between US$8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, Deputy Minister of Industry and Trade Dang Hoang An said on Wednesday.

Of the amount, 75% would be spent on new power plants, with priority given to renewable sources, and 25% on grid expansion, the deputy minister said in a statement.