Vietnam Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Power EPC Companies in Vietnam and the market is segmented by Type (Thermal, Gas, Renewable, Nuclear, and Other Types).

Vietnam Power EPC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Vietnam Power EPC Market Size

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Vietnam Power EPC Market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.00 %
Market Concentration Medium

Major Players

Vietnam Power EPC Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Power EPC Market with other markets in Energy & Power Industry

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Vietnam Power EPC Market Analysis

The Vietnam Power EPC Market is expected to register a CAGR of greater than 3% during the forecast period.

  • The thermal segment, constituting sources such as coal, oil, and natural gas, which accounted for more than 66.0% of the total power generated in Vietnam in 2020, is likely to dominate the market.
  • Vietnam has some of the most significant renewable energy sources. For instance, wind energy resources have more than 311 GW potential. The Vietnamese government has planned to meet 10% of its energy demand from renewable by 2030. This may create several opportunities for the Vietnamese power EPC market in the future.
  • Government policies and support for electricity generation are expected to drive the market during the forecast period. Also, heavy investments in the transmission network are being made, further driving the power EPC market in Vietnam.

Vietnam Power EPC Industry Overview

The Vietnamese power EPC market is moderately consolidated. Some of the key players in this market are JGC Vietnam, Doosan Heavy Industries Viet Nam Co. Ltd, Toshiba Corporation, Lilama Corporation, and IHI Infrastructure Systems Co. Ltd, among others.

Vietnam Power EPC Market Leaders

  1. JGC Vietnam

  2. Doosan Heavy Industries Viet Nam Co., Ltd

  3. IHI Infrastructure Systems Co.,Ltd.

  4. Toshiba Corporation

  5. Lilama Corporation

  6. *Disclaimer: Major Players sorted in no particular order
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Vietnam Power EPC Market News

  • In December 2021, Japan's Shikoku Electric Power Co Inc. invested more than JPY 10 billion (USD 87 million) in buying a 15% stake in the Vietnam Vung Ang 2 coal-fired power plant project. The Japanese utility paid between JPY 10-20 billion to the Japanese trading house Mitsubishi Corp. to buy the stake.
  • In October 2020, ExxonMobil Hai Phong Energy Pte Ltd (EMPHE) and the Japanese power generation company (JERA) signed a Memorandum of Understanding (MOU) document to work together on the development of a potential integrated LNG to power plant project in Hai Phong, Japan.

Vietnam Power EPC Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Thermal
    • 5.1.2 Gas
    • 5.1.3 Renewable
    • 5.1.4 Nuclear
    • 5.1.5 Other Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 JGC Vietnam
    • 6.3.2 IHI Infrastructure Systems Co. Ltd
    • 6.3.3 Lilama Corporation
    • 6.3.4 Doosan Heavy Industries Construction Co. Ltd
    • 6.3.5 Toshiba Corporation
    • 6.3.6 AES Corporation
    • 6.3.7 CTCI Corporation
    • 6.3.8 PALMA VIETNAM
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Vietnam Power EPC Industry Segmentation

The Vietnamese power EPC market report includes:

Type Thermal
Gas
Renewable
Nuclear
Other Types
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Vietnam Power EPC Market Research FAQs

What is the current Vietnam Power EPC Market size?

The Vietnam Power EPC Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Vietnam Power EPC Market?

JGC Vietnam, Doosan Heavy Industries Viet Nam Co., Ltd, IHI Infrastructure Systems Co.,Ltd., Toshiba Corporation and Lilama Corporation are the major companies operating in the Vietnam Power EPC Market.

What years does this Vietnam Power EPC Market cover?

The report covers the Vietnam Power EPC Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Power EPC Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Power Plant Industry Report

Statistics for the 2025 Vietnam Power EPC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Power EPC analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.