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Radar · Energy in Vietnam

Best Energy Companies in Vietnam

The 76 best Energy companies in Vietnam in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: PV Gas.

76companies tracked
$570.2Mdisclosed funding
1unicorns
8have raised
Sources & further reading
  • International grid edge study reveals countries’ needs and readiness f
FLIAR INTELLIGENCE · ENERGY × VIETNAM

Our analysis of 441 Energy companies

$135.1b in tracked funding; 76% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

441companies analysed
76%cloud-native stacks
2025funding peak (by rounds)
8unicorns
2013median founding year

Ranked: Best Energy companies in Vietnam

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1PV Gas
Natural gas distribution company
$287M172 mo agoLate StageDuong Manh Son
President & CEO
2001FlowplayerYouTubeBootstrap+7—
2Petrolimex
Oil and gas midstream company
$176M120 mo agoPublicTran Van Thinh
CEO
1956Chart.jsBootstrapGSAP+18—
3CME
Developer of electricity transmission based utility projects
$52M17 mo agoFunding RaisedChung Tuan
CEO
2018DrupalPHPYouTube+13—
4DA NHIM - HAM THUAN
Developer of solar & hydro energy projects
$37M80 mo agoFunding RaisedDang Cuong
CEO
2001PleskWindows ServerFacebook Login+15—
5Indefol Solar
Developer of solar energy projects
$13M39 mo agoLate StageHieu Tran
Founder & CEO
2013WixSentryBootstrap+11—
6SmartSolar
Provider of solar panel installation and maintenance services with financing options
$3M3 mo agoSeedLeandro Moraes
Founder
2024YcodeGSAPVue.js+101 job opening
7Stride
Developer of solar energy installation projects
$2M1 mo agoSeries BAndrew Fairthorne
Co-Founder & CEO
2021TypeScriptYouTubeBootstrap+12—
8Asia Clean Capital
Developer of clean energy solutions
—34 mo agoAcquiredMichael Luong
CEO
2010WordPressMySQLPHP+26—

Top 11 Energy companies in Vietnam

#1
Series B · Ho Chi Minh City, Southeast · founded 2021 · 4 employees
$2Mraised
▾

Developer of solar energy installation projects

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers — 4.8% of this cohort's audience
Funding rounds
  • May 2026Series B$15M
  • Mar 2025Series A—
  • May 2023Seed$2M
Founders & team
Andrew FairthorneCo-Founder & CEO
Investors
Clime Capital Management, Touchstone, UOB, Lightrock, Trirec
Tech stack
AngularBootstrapFont AwesomeGoogle AnalyticsGoogle Font ApiGoogle Tag Manager
#2
Seed · Ho Chi Minh City, Ho Chi Minh City · founded 2024
$3.1Mraised
▾

Provider of solar panel installation and maintenance services with financing options. It offers automated quotes for solar panel systems based on property details. The company facilitates the installation of solar panels through its network of installers. It also provides ongoing maintenance and support for the systems. Financing is available through partnerships with third-party investors, allowing customers to reduce upfront costs.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 907 LinkedIn followers — 3.3% of this cohort's audience
Hiring: 1 hiring post in 12 mo (public) · hiring: Finance and Accounting team
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Mar 2026Conventional Debt$1.3M
  • Mar 2025Seed$1.9M
  • Aug 2024Seed—
Founders & team
Leandro MoraesFounderKevin JunkerFounder and CEOKevin JunkerCo-Founder & CEO
Investors
Iterative, Picus Capital, 2degrees, Secostartupfund, Skr
Tech stack
CaddyCore-JsGoogle AnalyticsGoogle WorkspaceGsapHsts
#3
Funding Raised · Ho Chi Minh City, Southeast · founded 2018
$52Mraised
▾

Developer of electricity transmission based utility projects

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 15.0% of this cohort's audience
Activity: 1 partnerships · 1 awards (incl. The Private Infrastructure Development Group (PIDG)) announced in 12 mo
Funding rounds
  • Jan 2025Conventional Debt$20M
  • Aug 2023Conventional Debt$20M
  • Nov 2021Conventional Debt$12M
Founders & team
Chung TuanCEO
Investors
responsAbility, Emerging Africa Infrastructure Fund
Tech stack
AddtoanyBootstrapDrupalGoogle AnalyticsGoogle Tag ManagerGsap
#4
Late Stage · Ho Chi Minh City, Southeast · founded 2001
$287Mraised
▾

Natural gas distribution company

Funding rounds
  • Feb 2012PE$287M
Founders & team
Duong Manh SonPresident & CEO
Investors
Perenco
Tech stack
BootstrapFlowplayerHstsJqueryJquery MigrateJquery Ui
#5
Public · Hanoi, Red River Delta · founded 1956 · 26153 employees
$176Mraised
▾

Oil and gas midstream company

Founders & team
Tran Van ThinhCEO
Investors
Vietnam Investments Group, ENEOS Group
Tech stack
AngularBootstrapCdnjsChart.JsCloudflareCore-Js
#6
Late Stage · Thu Duc, Ho Chi Minh City · founded 2013
$13.1Mraised
▾

Developer of solar energy projects

LinkedIn Pulse recent public activity · Jul 2026
Audience: 883 LinkedIn followers — 3.2% of this cohort's audience
Activity: 1 expansions announced in 12 mo
Funding rounds
  • Mar 2023PE$13.1M
Founders & team
Hieu TranFounder & CEO
Investors
FMO
Tech stack
BootstrapGoogle CloudGoogle Cloud CdnGsapHstsHttp/3
#7
Funding Raised · Thanh pho Ha Tinh, Ha Tinh · founded 2001
$37Mraised
▾

Developer of solar & hydro energy projects

Funding rounds
  • Oct 2019Conventional Debt$37M
Founders & team
Dang CuongCEO
Investors
Asian Development Bank
Tech stack
BootstrapChart.JsFacebook LoginFancyboxFont AwesomeIis
#8
Acquired · Binh Thanh, Ho Chi Minh City · founded 2010 · 16 employees
—raised
▾

Developer of clean energy solutions. The company serving multinational corporations and domestic businesses with the goal of reducing emissions from electricity consumption. It invests in projects and provides comprehensive services, including design, engineering, equipment, government approvals, installation, commissioning, and long-term maintenance of solar and wind energy systems.

Funding rounds
  • Aug 2023Seed—
Founders & team
Michael LuongCEO
Investors
SUSI Partners
Tech stack
BootstrapCloudflareCloudflare Bot ManagementCore-JsGoogle Font ApiGsap
#9
Acquired · Haiphong, Haiphong · founded 2021
—raised
▾

Provider of energy storage system and battery recycling services

Founders & team
Linh PhamCEO
Investors
Government of Australia, Asian Development Bank
#10
Deadpooled · Bac Giang, Bac Giang Province · founded 2014
—raised
▾

Vina Solar is a manufacturer of solar modules. The company has a 300,000 sq. mtrs factory in Vietnam and they distribute their products across China, Taiwan, South Korea and Europe. The company has claimed that their total module capacity is around 3.4GW and solar cell capacity is 1 GW. They primarily manufacture polycrystalline solar modules for OEMs.

Funding rounds
  • Jan 2017PE—
Founders & team
Yang YongzhiCEO
Investors
GCL System Integration Technology
#11
Unfunded · Quang Ngai, Quang Ngai · founded 2015 · 137 employees
$3.2Braised
▾

Oil refining company

Tech stack
AlloyuiBootstrapBootstrap TableCore-JsDatatablesJava

Funding & investor landscape

$570.2Mtotal disclosed funding
7companies funded
10disclosed rounds
1rounds last 90 days
Most active investors
Asian Development Bank2 rounds
2degrees1 rounds
Clime Capital Management1 rounds
ENEOS Group1 rounds
Emerging Africa Infrastructure Fund1 rounds
FMO1 rounds
GCL System Integration Technology1 rounds
Government of Australia1 rounds
Iterative1 rounds
Lightrock1 rounds

Notable founders

Andrew Fairthorne
Co-Founder & CEO · Stride
Leandro Moraes
Founder · SmartSolar
Kevin Junker
Founder and CEO · SmartSolar
Chung Tuan
CEO · CME
Duong Manh Son
President & CEO · PV Gas
Tran Van Thinh
CEO · Petrolimex
Hieu Tran
Founder & CEO · Indefol Solar
Dang Cuong
CEO · DA NHIM - HAM THUAN
Michael Luong
CEO · Asia Clean Capital
Linh Pham
CEO · VinES
Yang Yongzhi
CEO · Vina Solar
Prism market signals · Vietnam · country-scoped Prism corpus, 465,275 docs

Market landscape — 10 sub-themes by coverage

Share of Energy coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Vietnam

How research on Grid Energy Storage is moving in Vietnam

A read on the academic research around Grid Energy Storage — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 213 Vietnam-affiliated papers.

research sentiment over time
202320252026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and steady — the enthusiastic (strongly-positive) share moved 53% → 54% across 2023–2026.
top research entities
  • Hanoi University of Science and Technology41
  • Electric Power University38
  • Ho Chi Minh City University of Technology25
  • Vietnam National University Ho Chi Minh City20
  • Duy Tan University14
leading researchers
Dieu Ngoc Vo · Truong Hoang Bao Huy · Hung Duc Nguyen · Jaesool Shim · Duy C. Huynh · Hieu M. Pham · Loc D. Ho · Matthew W. Dunnigan
▲ Breakthroughs60 · 28%
▲ 0%→28% share
0 median citations97% since 2021mostly methods-led
Breakthroughs are rising (0%→28% of field), led by Photovoltaic system.
rising sub-themes (early→recent)
  • Photovoltaic system1→5
Newly emergingBattery (electricity) 0→15 · Renewable energy 0→13 · Microgrid 0→7
Landmark Cost Minimization of Charging Stations With Photovoltaics: An Approach With EV Classification · 221 cites
◆ Advancements137 · 64%
▲ 0%→64% share
0 median citations99% since 2021mostly methods-led
Advancements are rising (0%→64% of field), led by Renewable energy.
rising sub-themes (early→recent)
  • Renewable energy44
  • Microgrid20
  • Battery (electricity)19
  • Energy (signal processing)19
  • Photovoltaic system18
Newly emergingRenewable energy 0→44 · Microgrid 0→20 · Battery (electricity) 0→19
Landmark Vertical Co9S8 hollow nanowall arrays grown on a Celgard separator as a multifunctional polysulfid · 555 cites
▼ Concerns9 · 4%
▲ 0%→4% share
3 median citations100% since 2021mostly reviews
Concerns are rising (0%→4% of field), led by Nanotechnology.
rising sub-themes (early→recent)
  • Nanotechnology3
  • Renewable energy3
  • Field (mathematics)2
  • Supercapacitor2
  • Cathode1
Landmark Insights into the Jahn‐Teller Effect in Layered Oxide Cathode Materials for Potassium‐Ion Batteries · 103 cites
RESEARCH HOTSPOTS · Vietnam

Where energy storage is researched across Vietnam

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Ho Chi Minh City62 · +0.63
Hot · Power (physics)Advancing · MicrogridOpportunity · Renewable energy
Hanoi56 · +0.57
Hot · CathodeAdvancing · GridOpportunity · Renewable energy
Da Nang25 · +0.56
Hot · Electric power systemAdvancing · Renewable energyOpportunity · Electrochemistry
Can Tho5 · +0.60
Hot · ElectrochemistryOpportunity · MXenes

Common questions

How many Energy companies are there in Vietnam?
Radar tracks 76 indexable Energy companies headquartered in Vietnam that meet our profile-completeness bar.
What is the total funding raised by Energy companies in Vietnam?
The Energy companies in Vietnam on this list have raised a combined $570.2M in disclosed equity funding across 7 funded companies.
Which is the highest-funded Energy company in Vietnam?
PV Gas is the highest-funded Energy company in Vietnam, with $287M in disclosed equity funding.
How many Energy companies in Vietnam are funded?
7 of the 76 Energy companies in Vietnam on this list have disclosed at least one equity funding round.
How many Energy unicorns are there in Vietnam?
1 Energy company in Vietnam on this list is valued at $1B or more.
Who are the top investors in Vietnam Energy companies?
The most active investors in Vietnam Energy companies on this list include Asian Development Bank, 2degrees, Clime Capital Management, ENEOS Group, Emerging Africa Infrastructure Fund.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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