Vietnam Government to Draft Decree Encouraging Rooftop Solar Power Development

The Vietnamese government is moving forward with a new decree aimed at promoting the development of rooftop solar power for self-consumption. This initiative is part of broader efforts to boost clean energy sources and reduce reliance on the national grid.

According to a directive from Deputy Prime Minister Tran Hong Ha, the Ministry of Industry and Trade (MoIT) has been tasked with developing the decree. The proposed regulations will focus on allowing self-produced electricity to bypass the national grid, provided it does not exceed 10% of the installed capacity. This is expected to incentivize the growth of rooftop solar installations across the country.

The Ministry of Industry and Trade, in collaboration with the Ministry of Finance, will also work on establishing fair and balanced electricity pricing mechanisms. Vietnam Electricity (EVN) is mandated to ensure the safe and harmonious integration of these self-produced power systems into the national grid.

In addition, the Ministry of Justice will coordinate with relevant agencies to ensure the new decree aligns with existing legal frameworks and the recently implemented Power Plan VIII.

Deputy Prime Minister Ha has called for an expedited process, with the MoIT required to report back on the integration of feedback and completion of the draft decree by July 11, 2024. The final version is expected to be reviewed and issued by July 12, 2024.

This move underscores Vietnam’s commitment to advancing renewable energy and fostering a sustainable energy future. The government’s proactive stance is anticipated to stimulate investment in rooftop solar power, contributing to the country’s energy security and environmental goals.