Vietnam Clean Hydrogen Market Size, Share, Trends and Forecast by Technology, End User, and Region, 2026-2034

Vietnam Clean Hydrogen Market Overview:

The Vietnam clean hydrogen market size reached USD 8.68 Million in 2025. The market is projected to reach USD 25.07 Million by 2034, exhibiting a growth rate (CAGR) of 12.51% during 2026-2034. The market has set in motion an ambitious strategy to become a leading player in sustainable energy by developing clean hydrogen production and use. The country’s roadmap supports both green hydrogen (from renewable sources) and blue hydrogen (with carbon capture), with applications in power generation, transport, and industry. Challenges including high production costs, underdeveloped infrastructure, and regulatory gaps remain obstacles to be addressed. If implemented effectively, these efforts are expected to significantly impact Vietnam clean hydrogen market share.

Vietnam Clean Hydrogen Market Trends:

Policy and Strategy Alignment with National Goals

Vietnam is taking deliberate steps to position clean hydrogen as a key pillar of its energy transition strategy. The national Hydrogen Energy Development Strategy outlines plan to develop a complete hydrogen value chain from production using renewable sources and carbon capture to storage, transport, and end-use across industries and power generation. This strategic direction is closely aligned with the country’s broader goals for energy security, industrial decarbonization, and achieving net-zero emissions. The government is integrating hydrogen into existing frameworks like the National Power Development Plan (PDP8), with plans to co-fire hydrogen and ammonia in thermal power plants and support green hydrogen pilot programs. In February 2024, Vietnam officially issued Decision No. 165/QD-TTg, establishing hydrogen development as a national priority and setting targets for output growth through and beyond. As regulatory support strengthens and cross-ministerial coordination improves, infrastructure planning is being reoriented to include hydrogen production zones, storage hubs, and transport corridors. These focused policy actions and early-stage implementation efforts are driving long-term momentum in Vietnam clean hydrogen market growth.

Renewable Integration and Project Momentum

Vietnam is actively advancing clean hydrogen production by integrating it with renewable energy sources such as wind and solar. This approach supports the country's ambition to establish a low-carbon energy system while maximizing its renewable resource potential. Several coastal provinces, including Trà Vinh, Bạc Liêu, and Bến Tre, have been identified as promising locations for clean hydrogen projects due to their strong renewable energy profiles and proximity to industrial zones. In March 2024, a large-scale hydrogen project was announced in central Vietnam, designed to be powered by a combination of solar and wind energy. This move reflects growing interest in green hydrogen production, not only for domestic applications but also for potential exports to regional markets. These developments are attracting attention from infrastructure planners and investors, who recognize the strategic value of early positioning in Vietnam’s emerging hydrogen economy. With technical feasibility being demonstrated and policy backing in place, renewable-powered hydrogen initiatives are expected to scale steadily. These activities and investments are shaping the future direction of Vietnam clean hydrogen market trends.

Expanding Industrial and Transport Applications

Vietnam is exploring a wide range of applications for clean hydrogen across industrial and transport sectors, recognizing its role in decarbonizing hard-to-abate segments of the economy. Industries such as steel, cement, refining, and chemicals are evaluating hydrogen as a cleaner alternative to fossil fuels, particularly in high-temperature processes where electrification is less practical. In parallel, the transport sector is being identified as a potential growth area, with hydrogen being considered for heavy-duty trucks, buses, rail, and marine vessels. These sectors require reliable, scalable energy sources with minimal emissions, making hydrogen an attractive solution. Planning is also underway to integrate hydrogen into power generation systems through co-firing and gas turbine blending, allowing existing infrastructure to transition gradually toward lower emissions. Supportive policy direction and pilot initiatives are helping stakeholders assess technical requirements, safety standards, and supply chain needs. As Vietnam builds out its clean energy infrastructure, these use cases will become critical in establishing stable, long-term demand for clean hydrogen. The expansion into industry and transport is expected to play a central role in shaping the hydrogen economy.

Vietnam Clean Hydrogen Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2026-2034. Our report has categorized the market based on technology and end user.

Technology Insights:

• Alkaline Electrolyzer
• PEM Electrolyzer
• SOE Electrolyzer

The report has provided a detailed breakup and analysis of the market based on the technology. This includes alkaline electrolyzer, PEM electrolyzer, and SOE electrolyzer.

End User Insights:

• Transport
• Power Generation
• Industrial
• Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes transport, power generation, industrial, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Clean Hydrogen Market News:

• May 2025: Vietnam’s Southern Power Corporation (EVNSPC), part of the national power utility, has signed an agreement with French firm HDF Energy to develop green hydrogen‑powered electricity in the country. Under a memorandum of understanding, the two will undertake technical and feasibility studies, identify suitable remote island sites, coordinate with local authorities, and share expertise in hydrogen technologies. The partnership aims to provide reliable, clean energy for communities currently dependent on diesel generators, contributing to sustainable energy transition in Vietnam
• June 2025: Vietnam's ASEAN Hydrogen Club and the Clean Hydrogen Accelerator (CHA) have entered a Memorandum of Understanding to enhance regional development of green hydrogen technologies. The memorandum will create opportunities for sharing knowledge, project coordination, and training and regulatory framework development to stimulate hydrogen innovation. Vietnam's inclusion reflects its increased commitment to clean energy and diversification from fossil fuels. This partnership is aimed at advancing the nation's ability to create hydrogen ecosystems and create regional collaboration.

Vietnam Clean Hydrogen Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam clean hydrogen market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam clean hydrogen market on the basis of technology?
• What is the breakup of the Vietnam clean hydrogen market on the basis of end user?
• What is the breakup of the Vietnam clean hydrogen market on the basis of region?
• What are the various stages in the value chain of the Vietnam clean hydrogen market? 
• What are the key driving factors and challenges in the Vietnam clean hydrogen market?
• What is the structure of the Vietnam clean hydrogen market and who are the key players?
• What is the degree of competition in the Vietnam clean hydrogen market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam clean hydrogen market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam clean hydrogen market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam clean hydrogen industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.