Necessary conditions to develop Energy Service Company (ESCO) market in Vietnam

These lessons learned in government regulations and supportive measures were considered appropriate in Vietnam to first establish a formal ESCO market in the country and then expand and develop a market commensurate with the potential. Accordingly, the first step the Government should do is to shape the market through legal documents and guidelines for implementation. Vietnamese government should play a role in managing the quality of ESCO projects and providing financial support to ESCO enterprises and energy users, especially in the early stages of market entry.