Promotion Policies of Renewable Energy: Lessons from the Korean Experience for the Vietnamese Case

New and renewable has the potential to play an important role in providing energy with sustainability to Vietnamese people. Over the past few years, the Vietnamese government has promulgated several policies in an effort to promote the use of new and renewable energy. However, the development of new and renewable energy in Vietnam is still stagnant, the share of new and renewable energy in total commercial energy is insignificant. The study aims to analyze the developments in renewable energy policies and prospects for Vietnam based on the Korean experience in promoting new and renewable energy. By referring to the policy instruments adopted by the Korean government as well as the results of these policy, recommendations and proposals are provided in order to overcome the barriers to the new and renewable development in Vietnam.