Vietnam is expected to rank 20th in the global lithium-ion battery supply chain by 2024. Currently, the country's battery supply chain is still in its infancy with many challenges to overcome.
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| Overview of the Workshop on Enhancing the Battery Supply Chain for the Energy Transition. (Source: UNOPS) |
The information was given by experts at the workshop on Enhancing the Battery Supply Chain for Energy Transition held this morning (February 20) in Hanoi. The workshop was organized by the Southeast Asia Energy Transition Partnership (ETP) under the United Nations Office for Project Services (UNOPS) in coordination with the Department of Industrial Economics and Services (Ministry of Planning and Investment).
According to a report by the International Energy Agency (IEA) published in December 2024, demand for batteries will continue to increase rapidly based on current policies, expected to increase 4.5 times by 2030 and more than 7 times by 2035.
Vietnam has great potential to become an important link in the global battery supply chain thanks to its rich mineral resources, including nickel, cobalt and rare earths.
However, the battery supply chain is still in its infancy with many challenges to overcome. The S-shaped country is expected to rank 20th in the global lithium-ion battery supply chain in 2024.
Director Le Tuan Anh - Department of Industrial and Service Economy, Ministry of Planning and Investment, stated that Vietnam aims to have a renewable energy ratio of 67.5-71.5% by 2050.
In particular, Vietnam's electric vehicle (EV) industry is on the rise with the goal of reaching 100% electric vehicles by 2050. This will lead to a large demand for batteries, not only to serve domestic needs but also for export, contributing to the sustainable development of the economy.
However, he found, Production capacity of these important materials is limited, support policies need to be improved and international competition is increasingly fierce.
"The dependence on foreign sources of raw materials also poses an urgent need to build a stronger and more flexible domestic supply chain," said Mr. Le Tuan Anh.
In the coming time, to become an important link in the global electric vehicle battery supply chain, Associate Professor, Dr. Dinh Cong Hoang, Vietnam Academy of Social Sciences recommends that Vietnam needs to implement sustainable development strategies.
Specifically, diversifying raw material sources, investing in research and development of advanced battery manufacturing technology, building supporting infrastructure, promoting international cooperation and ensuring strict environmental standards.
Associate Professor, Dr. Dinh Cong Hoang emphasized: “The synchronous implementation of these strategies will help Vietnam not only meet domestic demand but also actively contribute to the goal of reducing emissions and developing a green economy globally.”
Source: https://baoquocte.vn/viet-nam-co-tiem-nang-lon-de-tro-thanh-mat-chain-quan-trong-trong-chuoi-cung-ung-pin-toan-cau-305017.html
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