Renewable Energy Investment Opportunities In Vietnam Under New Policies

New Price Framework For Solar Power With Storage

In April 2025, the Ministry of Industry and Trade issued Decision 988/QĐ-BCT, for the first time introducing a separate tariff for solar projects integrated with energy storage (BESS). Among them, floating solar in the Northern region has the highest price cap, up to 1,876 VND/kWh (equivalent to 0.075 USD/kWh).

Experts view this move as an important step that both encourages clean-energy development and enhances national grid stability. It is also seen as a positive signal reflecting a long-term orientation toward supporting modern energy technologies.

A BESS cluster located next to a substation

Rapidly Rising Power Demand Drives Investment

Electricity consumption in Vietnam is forecast to grow by about 12–13% in 2025 versus the prior year, driven mainly by manufacturing recovery, industrial-park expansion, and export growth. The mounting pressure to ensure adequate supply makes adding renewable sources an urgent priority.

A newly operating industrial park with rooftops fully covered by solar panels.

DPPA Mechanism – A New Path For Businesses

To mobilize capital beyond the centralized power system, the Government is deploying the direct power purchase agreement (DPPA) mechanism. Under this model, large electricity consumers can sign contracts to buy power directly from renewable plants instead of relying solely on the central dispatch system.

This not only helps enterprises better control electricity costs but also supports fulfillment of carbon-reduction commitments in global supply chains—an issue of special interest to many multinational corporations.

👉 See more solutions for solar farms and greenhouses designed for large-scale production models.

A technician inspecting a wind turbine at a wind farm.

Energy Targets Toward 2030

According to Power Development Plan VIII, Vietnam targets by 2030:
• 12.8 GW of solar power
• 21.9 GW of onshore wind power
• 6 GW of pilot offshore wind power
Total capital needs for the power sector during this period are estimated at USD 113–135 billion. Offshore wind projects together with large-scale storage are regarded as “golden destinations” for international investors.

👉 Learn more about residential solar solutions suitable for households and medium-sized businesses.

An offshore wind project with many turbines operating in parallel at sea.

Challenges And Risks To Consider

Alongside opportunities, barriers remain. In early 2025, EVN announced a temporary withholding of part of the FiT for certain solar and wind projects that had not fully met commercial operation date (COD) conditions. This raised concerns about payment stability and prompted caution among many international investors.

In this context, strict compliance with legal, technical, and operational requirements is critical to ensuring long-term project effectiveness.

👉 See also a real-world story: Cutting costs by installing rooftop solar.

An engineer checking a control cabinet at a renewable energy plant.

Outlook For The Renewable Energy Market

With fast-growing electricity demand and policies prioritizing clean energy, Vietnam continues to be viewed as one of Asia’s most attractive markets. Projects combining solar, wind, and energy storage promise significant competitive advantages for both domestic and foreign investors.

👉 Explore more information and green-energy services at DaihanCorp.

A panoramic view of a modern city with many buildings adopting rooftop solar.

A Golden Time To Participate

Vietnam is opening wider doors to renewable-energy investors. Preferential policies, strong electricity-demand growth, and a commitment to sustainability are the three pillars underpinning the market’s appeal.

👉 Contact us today for detailed consultation, a site survey, and the optimal renewable-energy solution for your household or business.