Vietnam is one of East Asia's most dynamic nations, affirms the World Bank(WB), with poverty levels falling from 70% to 6% and its GDP crossing the 7% annual growth rate in 2018. Succeeding to reach the lower middle income rank with its economic reforms, the country, however, is grappled with surging power demands from its growing businesses and its over 90-million population. The country's electricity demand is the second-largest in Southeast Asia. Energy security, meanwhile, is a grey spot in its economic ambitions and to sustain its economic growth, forecast to snag 6.5% from this year to next year. Vietnam has gone through power shortage spells. Citing a report from research firm IHS Markit, Vietnam is likely to face a power shortage in the next few years because of delays in most of its planned energy projects.
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