Development of Renewable Energy Sources to Serve Agriculture in Vietnam: A Strategic Assessment using the SWOT Analysis

Abstract

Agriculture plays an important role in the economy of many countries, including Vietnam. Traditional agricultural manufacturing processes are inefficient in energy and material consumption and generate substantial carbon emissions. In recent decades, environmentalists and policymakers have been actively involved in the transition from conventional fossil fuels to renewables. This study investigated the potential Strengths, Weaknesses, Opportunities, and Threats (SWOT) associated with developing Renewable Energy sources to serve agriculture in Vietnam. The results of the analysis revealed that renewable energy sources have numerous strengths, including reducing greenhouse gas (GHG) emissions and the cost of electricity, accessing new technologies, and providing economic benefits to farmers. However, the system also faces several weaknesses and threats, such as policy mechanisms, infrastructure, investment capital, foreign-dependent technologies, and potential environmental impacts. This study provides strategic recommendations to maximize the potential of agrivoltaic systems while mitigating their weaknesses and threats. The findings can help stakeholders make informed decisions and take appropriate actions in the development of renewable energy sources in agriculture.