Press release
Vietnam Green Hydrogen Market Outlook: Trends, Growth, and Future Opportunities 2025-2033
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Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
Vietnam Green Hydrogen Market Key Takeaways
The Vietnam green hydrogen market size was USD 6.75 Million in 2024.
The market is expected to grow at a CAGR of 46.92% from 2025 to 2033.
The forecast period spans 2025 to 2033.
Vietnam is advancing national strategies focusing on green hydrogen for clean energy transformation, aiming to decarbonize sectors like power generation, transport, and manufacturing.
Pilot projects in Trà Vinh, Bến Tre, and Bac Lieu are exploring green hydrogen production and ammonia cofiring, supporting feasibility and technology refinement.
The government is fostering a cohesive hydrogen ecosystem by investing in storage, transportation, and supply integration.
Renewable potential including solar and wind energy is leveraged alongside new policies like Decree 58/2025 to attract investment.
Market Growth Factors
Vietnam's green hydrogen market is propelled by ambitious government strategies aimed at clean energy transformation. In February 2024, the Ministry of Industry and Trade outlined plans to produce 100,000 to 500,000 tonnes of green hydrogen annually using renewable-powered electrolysis. This initiative is part of a broader effort to decarbonize power generation, transport, and manufacturing sectors, while positioning Vietnam as a regional clean energy hub. The market growth is further bolstered by strong governmental alignment and rising international interest, marking a transition from policy to scalability and integration.
The development of infrastructure and ecosystem formation is critical to the market's progress. Regional pilot programs, particularly in Trà Vinh, Bến Tre, and Bac Lieu, commenced in March 2025, focusing on green hydrogen production and ammonia cofiring in power plants. These pilots serve to test feasibility and refine technology while laying groundwork for broader rollout. Investments also target storage, transportation, and value chain integration within industrial clusters, enabling operational embedding of green hydrogen across sectors.
Vietnam's abundant renewable energy potential underpins the market, with high solar irradiation and significant wind resources. National energy plans from March 2024 identify zones ideal for coupling renewable generation with electrolysis. Complementing this, regulatory measures such as Decree 58/2025 provide tax incentives, land-use exemptions, and favorable electricity pricing models. These factors combine to attract investment and support scaling capacity for both domestic use and export development, reinforcing the market's foundation for sustainable growth.
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Market Segmentation
Technology:
Proton Exchange Membrane Electrolyzer: Includes technologies using proton exchange membranes for electrolysis.
Alkaline Electrolyzer: Adoption of alkaline electrolyzers is noted, including in strategic partnerships.
Others: Other electrolyzer technologies also form part of the market mix.
Application:
Power Generation: Green hydrogen is increasingly applied in power generation sectors.
Transport: Utilization in transport is a key application segment.
Others: Other applications beyond power generation and transport are also present.
Distribution Channel:
Pipeline: Distribution through pipelines is an operational channel.
Cargo: Cargo transport is another method for green hydrogen distribution.
Regional Insights
The market report covers Northern Vietnam, Central Vietnam, and Southern Vietnam regions. The report does not specify the dominant region or detailed statistics, but pilot projects and investment initiatives are concentrated in Southern Vietnam provinces like Trà Vinh, Bến Tre, and Bac Lieu. These regional activities reflect active government and private sector efforts, laying a foundation for expanding green hydrogen integration countrywide.
Recent Developments & News
In May 2025, HDF Energy partnered with Southern Power Corporation (EVNSPC), a subsidiary of Vietnam Electricity (EVN), to develop green hydrogen-powered electricity providing stable, 24/7 clean power to remote islands, reducing diesel dependence. The collaboration includes technical and feasibility studies, project site identification, and resource alignment.
In April 2025, John Cockerill signed a Memorandum of Understanding (MoU) with The Green Solutions Group (TGS) to supply pressurized alkaline electrolysers for green hydrogen and ammonia facilities in Tra Vinh and Ben Tre. This partnership blends hydrogen technology and renewable energy projects, underscoring commitment to sustainability.
Key Players
HDF Energy
Southern Power Corporation (EVNSPC)
Vietnam Electricity (EVN)
John Cockerill
The Green Solutions Group (TGS)
Customization Note
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact Us
IMARC Group,
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Email: sales@imarcgroup.com,
Tel No: (D) +91 120 433 0800,
United States: +1-201971-6302
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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