The Vietnamese authorities have announced the introduction of a 20-year feed-in-tariff scheme for PV projects which will be valid from June 2017 till June 2019 and it will amount VND2.086/kWh (US$9.35c), excluding VAT. It will be fluctuating along with the VND/US$ exchange rate and will only apply to projects will a module efficiency higher than 15%. Solar power producers will be also exempted from taxes on solar imported good.
All the power generated from PV projects will be purchased by the Vietnam Electricity Corporation (EVN) and the Vietnamese Ministry of Industry and Trade will issue PPAs valid for 20 years. The PPAs can be either extended or renewed by EVN or the electricity seller.
The Vietnamese government also released a net metering scheme in order to support the use of residential PV across the country. The related selling and buying prices for rooftop grid connected solar system will be managed by the Vietnam Ministry of Trade and Industry.
Interested in Global Energy Research?
Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.
This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.