Why Vietnam?

Solar energy is a critical pillar of Vietnam's renewable energy strategy as the country works toward its net-zero commitments. Businesses are increasingly investing in energy transition projects and adopting solar solutions to meet sustainability goals and reduce energy costs.

Rooftop solar, which saw rapid growth under past incentives, is now poised for further expansion as Vietnam develops its direct power purchase agreement (DPPA) framework to enable greater private sector participation. These efforts highlight Vietnam's commitment to fostering innovation and collaboration in its energy transition journey.

The PDP8 (Power Development Plan 8) prioritizes the development of infrastructure to effectively integrate and manage large-scale renewable energy projects. The plan outlines key strategies to enhance grid stability, optimize energy storage solutions, and facilitate the transition to a sustainable, low-carbon energy mix.

Solar power is projected to become the dominant energy source in Vietnam’s energy mix by 2050, as the country moves towards decarbonizing its economy. Recognized for its significant solar energy potential, Vietnam’s total solar power capacity is estimated at around 963,000 MW, according to PDP8. This includes approximately 837,400 MW from land-based installations, 77,400 MW from water surfaces, and 48,200 MW from rooftop systems.