Energising the Future: A Dynamic Capabilities Approach to Vietnam’s Renewable Energy Industry From the Supply and Demand Side

Abstract

Incorporating the underpinnings of the dynamic capabilities framework and an inductive approach, the sensing, seizing, and reconfiguring elements of renewable energy usage are examined through interviews with 24 representatives of the supply and consumer sides. The data analysis reveals 18 dimensions providing conceptual and empirical guidance. Among these dimensions, the performance-seeking aims and high-order burdens intricately uncover the nuances of sensing opportunities and challenges. Simultaneously, the knowledge-enrichment mindset and technical continuity path shed light on pivotal aspects of seizing and reconfiguring. The analysis and dimensional exploration culminate in a refined framework, fortifying the theoretical and practical underpinnings of renewable energy’s utilisation within an emerging economy. Moreover, the study establishes meaningful connections with the dynamic capabilities framework, offering implications for the research community, stakeholders in the renewable energy sector and governmental representatives alike.