In Vietnam, the total energy consumption has constantly increased at an average of 4.6% every year since 2010, according to a report by Enerdata (published in Nov 2020). Recently, the country raised its renewable target to 15-20% of the total energy supply in 2030 and planned to reach 25-30% by 2045. In 2019, the solar installed capacities boomed thanks to the renewed FITs-based support scheme, and other sectors related to renewable energy drew thousands of trillions of domestic and foreign investment.
It’s noticeable that the Vietnam energy market is highly potential, especially the renewable energy sector which opens more opportunities for future cooperation and development. In the past, Vietnam’s energy sector was well-known as a monopolistic market. Nevertheless, the Vietnamese government is now adopting more policies to encourage private investments and cooperation from global investors.
As there will have more internationally-operated projects, it raises demand for localization in particular. Whereas a company is limited in growth in its native country, its ability to grow can even increase if it penetrates a different market. Therefore, the short-term issue of having to translate and localize will become a long-term prospect for productivity.
However, stressing the importance of localization is not enough, getting it right is another thing to do that takes energy companies years to hit, requiring the need of excellent language solution providers. A modern market requires to comply with its legislation and regulation and its culture and preference of each individual inside. Besides, choosing a localization partner is never easy when criteria like security, expertise, and technology are taken into thoughtful consideration.
Sao Khue is currently active as a top-language solution provider in Vietnam, offering highly qualified localization services for years. Getting positive testimonials from previous customers, forming a professional consulting team, we are very sure to provide good advice and best results to customers expecting to jump into the Vietnam energy market.
