The FiT rate of USD0.0709/kwh applied for a ground mounted solar power plants and USD0.0769/kwh applied for floating solar power plants.
The expiry date of the FIT rate is 31 December 2020 and it appears that Vietnam may be phasing out its FiT in favour of more competitive market mechanisms such as renewables auction schemes, which the Ministry of Industry and Trade has articulated is necessary and suitable in line with international trends.
Battery Vietnam 2022 will showcase micro grid and solar storage solution, utility scale storage solution, energy storage technologies.
The Road Map aims to increase the quality and reliability of power supply as well as to improve the effective use of electricity.
Electricity price in Vietnam is quite low compared to other countries in the Asia-Pacific region.