How much does a solar plant cost in Vietnam?
Vietnam's Ministry of Industry and Trade (MoIT) has published the new feed-in tariffs for utility-scale solar plants. For projects without battery storage, the tariff will be VND 1,382.7 ($0.053)/kWh for the northern part of the country, VDN 1,107.1/kWh for the central part, and VDN 1,012.0/kWh for the southern region.
What does Vietnam's Solar Policy update mean for energy storage?
Vietnam’s solar policy update highlights growing role of energy storage. (Photo: iStock) Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems.
What are the conditions for solar storage in Vietnam?
Conditions for systems with storage include a minimum storage capacity of 10% of the solar plant’s installed capacity, a charge/discharge time of 2 hours, and at least 5% of total generation used for charging the storage system. Overall, projects with storage receive higher FIT rates. Previously, Vietnam’s FiTs were relatively low.
How much solar power does Vietnam have?
According to the latest statistics from the International Renewable Energy Agency (IRENA), Vietnam had approximately 18.66 GW of installed PV capacity at the end of . Last year's new additions totaled around 79 MW. This content is protected by copyright and may not be reused.
What are the requirements for a battery project in Vietnam?
The Vietnamese authorities also decided that battery projects under the FiT scheme must have at least 10% of a PV plant's capacity and offer at least 2 hours of storage. According to the latest statistics from the International Renewable Energy Agency (IRENA), Vietnam had approximately 18.66 GW of installed PV capacity at the end of .
What are the FIT rates for solar systems?
The tariff breakdown is as follows: Conditions for systems with storage include a minimum storage capacity of 10% of the solar plant’s installed capacity, a charge/discharge time of 2 hours, and at least 5% of total generation used for charging the storage system. Overall, projects with storage receive higher FIT rates.
Solar Energy Costs in Vietnam : Pricing
Explore the solar energy costs in Vietnam for with pricing frameworks and policy trends enhancing efficiency.
Vietnam publishes feed-in tariffs for large-scale solar
The Vietnamese authorities released the feed-in tariff levels for ground-mounted and floating PV plants, with or without storage.
Vietnam raises solar feed-in tariffs with energy
Vietnam’s Ministry of Industry and Trade (MOIT) has announced a new round of feed-in tariffs (FIT) for solar power, introducing location-based pricing and, for the first time, incorporating energy storage systems.
New Price Framework for Solar Power: Divided by
The Ministry of Industry and Trade has officially issued a new electricity generation price framework for solar power plants, applicable from . The framework divides the pricing based on geographic regions and
Approval of new price framework for solar power by
Thus, the approved price for ground-mounted solar power without battery storage is applied as the proposed price of EVN. However, the Ministry of Industry and Trade adds the type of solar power source with battery
MoIT sets solar power price cap at up to $0.07/kWh
For ground-mounted solar plants with battery storage systems, the maximum tariff is VNĐ1,571.98/kWh in the North, VNĐ1,257.05/kWh in the Central region, and VNĐ1,149.86/kWh in the South.
Solar Power Costs in Vietnam : Pricing Framework and
Higher prices encourage the development of solar power with storage systems to balance power supply and optimize resource use efficiently. Decree 988/QD-BCT issued by
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This legal update signals a significant step forward in aligning Vietnam’s renewable energy sector with standardized pricing mechanisms and broader energy policy goals.
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World Bank Document
EXECUTIVE SUMMARY Solar power is an increasingly attractive electricity generating option for Vietnam thanks to recent cost reductions, fast construction, and the contribution solar power

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