Hanoi Solar Container 25kW Cooperation

Is Vietnam ready for a competitive bidding mechanism for solar energy?

Vietnam is now developing a competitive bidding mechanism for solar energy to improve grid efficiency, promote competition, and ensure a stable energy supply, but it’s currently in the works and hasn’t been implemented yet. As such, Vietnam has been in a transition phase since the end of the FiT policy.

How much solar power does Vietnam have in 2025?

As of 2025, Vietnam boasts an installed solar capacity of around 16 GW, a dramatic increase from approximately 4 MW in 2015. This growth trajectory has made Vietnam one of Southeast Asia’s leading solar energy markets.

Why is solar energy important in Vietnam?

Driven by surging energy demand, economic growth and the looming threats of climate change, Vietnam has recognised solar energy as a critical solution for securing its energy future. As a result, solar energy is a cornerstone of the country’s updated Power Development Plan (PDP8), which aims to reach 73 GW of capacity by 2030.

Why does Vietnam have a solar energy boom?

Vietnam has undergone one of the largest solar booms in Asia. This boom results from favourable government policies, rapidly growing energy demand and ideal conditions for solar energy. The country's updated Power Development Plan 8 will continue this trajectory, with solar making up most of the country's energy supply by 2050.