What is the potential for electrification in the shipping sector in Vietnam?

Vietnam, a rapidly growing economy and one of the busiest shipping hubs in Southeast Asia, has the potential for electrification in the shipping sector. Electrification in this sector can help Vietnam achieve its carbon emission reduction targets, reduce environmental pollution, and reduce energy costs. However, there are challenges to be addressed before the full-scale implementation of electric vessels, including higher upfront capital costs, limited infrastructure, and the lack of incentives and regulations. Nevertheless, the Vietnamese government has shown interest in promoting green transportation and plans to develop a national plan for the adoption of electric vessels in the near future.

This mind map was published on 30 May 2023 and has been viewed 108 times.