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The key to Korea’s “New Southern Policy”
& the strongest alternative to Post-China

Current Status of Korea’s and Vietnam’s Electricity Industry (Unit : USD 1 million, %)

Year 2014 2015 2016 2017 Average Annual Growth Rate
Export 416 554 620 714 19.7
Import 221 270 352 407 22.6
Trade Balance 195 284 268 307 16.3

* Source : Korea International Trade Association, Electricity Industry Statistics

Government’s expanded large-scale investment in electric power due to high economic growth
  • Vietnam’s power generation capacity has grown almost fourfold from 11GW in 2005 → 37.5GW in 2015
  • Share of Power Facilities : The largest share is hydroelectric power (16.4GW). Coal-fired power has grown fourfold from 2.7GW in 2010 → 12.2GW in 2015
  • USD 148 billion will be invested in power generation, transmission and distribution by 2030
    - Vietnam’s 7th Power Development Plan (2020-2030) : Power facility capacity to be expanded from 37.5GW(2015) → 129.5GW(2030),
    Power capacity to be expanded from 164TWh(2015) → 572TWh(2030)
Increased power consumption due to high economic growth
  • The annual growth rate of Vietnam’s electricity sales between 2010 and 2015 is more than 10%
Key Indicator GDP (USD 100 million) GDP Growth Rate (%) GDP per capita (USD)
2013 1.712 5.4 1.908
2014 1.859 6.0 2.050
2015 1.914 6.7 2.109
2016 2.042 6.3 2.215
2017 2.159 6.8 2.385