Vietnam Renewable Energy Certificate (REC's) Market expected to reach US$ 50.61 million by 2032 | (CAGR 20.7%)

DataM Intelligence has published a new research report on "Vietnam Renewable Energy Certificate Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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Latest M & A

• Verdant Energy completed the acquisition of an 11 MW rooftop solar portfolio in Vietnam, broadening its renewable asset base across commercial solar installations.

• Sumitomo Corporation acquired a 49% stake in MEE JSC (Cuu Long Power Engineering), owner of hydropower assets in Quang Nam Province, marking its entry into Vietnam's hydropower market.

• Levanta Holding acquired an 80% stake in HBRE Gia Lai Wind Power JSC, strengthening its footprint in Vietnamese wind energy development.

Key Players:

I-REC Standard, ECOHZ, ENGIE Vietnam, Shell Energy.

Key Development:

January 2026
• Vietnam's government expands REC framework to include rooftop solar projects, boosting decentralized renewable adoption.

• New digital platform launched to streamline REC trading, enhancing transparency and market efficiency.

• Private sector investment in wind and solar farms rises by 20%, signaling increased confidence in Vietnam's renewable goals.

December 2025
• Official REC price floor introduced to stabilize the market and attract long-term investors.

• Vietnam Renewable Energy Association partners with ASEAN to harmonize REC standards regionally.

• First batch of RECs issued under updated sustainability criteria verified by third-party auditors.

November 2025
• Vietnam launches public awareness campaign to educate consumers and businesses on the benefits of RECs.

• Initial pilot projects for blockchain-based REC tracking show promising results for fraud prevention.

• Government announces incentives for corporations purchasing RECs as part of net-zero commitments.

Growth Forecast Projected:

The Vietnam Renewable Energy Certificate Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the Vietnam Renewable Energy Certificate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Type: I-REC, GEC

By Energy Source: Energy Source, Solar RECs, Wind RECs, Hydro RECs, Biomass, Geothermal

Benefits of the Report:

Chapter 1: Lays the foundation by defining the scope of the report, highlighting core market segments across regions, product types, and applications. It delivers a clear snapshot of current market size, growth potential, and how the industry is expected to evolve in both the near and long term.

Chapter 2: Spotlights the most impactful market insights, unveiling the transformative trends and forces shaping the future of the industry.

Chapter 3: Provides a deep dive into the competitive landscape of , covering revenue shares, strategic initiatives, and notable mergers & acquisitions that are reshaping the market.

Chapter 4: Presents detailed company profiles of leading players featuring financial performance, product portfolios, profit margins, and key milestones that set them apart in the industry.

Chapters 5 & 6: Break down revenue analysis at both regional and country levels, offering precise data on market size, growth drivers, and expansion opportunities across global markets.

Chapter 7: Analyzes the market by product type, spotlighting segment-specific opportunities and helping stakeholders identify untapped, high-growth areas.

Chapter 8 :Explores the market through application-based segmentation, assessing demand across industries and pinpointing downstream sectors with the strongest potential for growth.

Chapter 9: Maps the industry's supply chain in detail, tracing upstream and downstream activities to provide clarity on value creation across the ecosystem.

Chapter 10: Wraps up with a concise summary of the report's key insights distilling the most critical findings and strategic takeaways for decision-makers and stakeholders.

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FAQ

Q1: What is the current size of the Vietnam Renewable Energy Certificate Market?

A: The Vietnam Renewable Energy Certificate Market was valued at US$ 9.11 million in 2024 and is forecasted to reach US$ 50.61 million by 2032

Q2: How rapidly will the Market expand?

A: The Vietnam Renewable Energy Certificate market is projected to grow at a CAGR of 20.7% between 2025 and 2032.

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