Business

Conference discusses incentives for solar power growth in Vietnam

The Green Innovation and Development Centre (GreenID) hosted an online conference in Hanoi on April 11 on the second phase of the feed-in-tariff (FIT 2) and policies for the development of solar power in Vietnam after 2020.
Conference discusses incentives for solar power growth in Vietnam ảnh 1Illustrative photo. (Source: VNA)

Hanoi (VNA) – The Green Innovation and DevelopmentCentre (GreenID) hosted an online conference in Hanoi on April 11 on the secondphase of the feed-in-tariff (FIT 2) and policies for the development of solarpower in Vietnam after 2020.

The event aimed to discuss the significance of designated incentivesfor the growth of solar power in Vietnam from the perspective of stakeholdersand chalk out the pros and cons of the Prime Minister’s Decision No.13/2020/QD-TTg on themechanism for encouragement of the industry in the country, according toGreenID Director Nguy Thi Khanh.

Decision No.13/2020/QD-TTg was issued last week to replace the Decision No.11/2017/QD-TTg dated 11 April 2017 which expired on June 30 last year.The new decision will be effective from May 22 this year and only valid for sixmonths.

Hereby,recommendations would be made for the growth of the solar power industry tomatch its potential and values it can contribute to the society after 2020, sheadded.

Over the last two years since Decision 11/2017/QD-TTg was launched, Vietnamhas been seeing a boom in solar power, making it a leader in Southeast Asia’ssolar photovoltaic (PV) market. Data shows that as of the end of last June, thecountry’s cumulative solar PV installation reached nearly 4.464 MW.

According to the Electricity of Vietnam (EVN), rooftop solarPV projects in the country have generated a total of 25.459 MW by the end ofFebruary 2020.

Participants voiced concerns over Decision No.13/2020/QD-TTg’s periodof validity which might not be enough to make changes and support thedevelopment of the domestic solar power sector, particularly against thebackdrop of the COVID-19 pandemic which is ravaging globally and taking heavytoll on most of enterprises and workers.

Some proposed ways to extend the decision’s validity ofsupport policies for rooftop solar PV projects and its effective should befurther discussed for the recommendations to be sent to relevant authorities assoon as possible./.
VNA
#GreenID #online conference #second phase of the feed-in-tariff #FIT 2 #feed-in-tariff #solar power #Prime Minister’s Decision No.13/2020/QD-TTg #incentives #Vietnam #Vietnam news #Vietnam news agency #Vietnamplus
Follow VietnamPlus

Related News

Vietnam to reduce dependence on coal

Vietnam to reduce dependence on coal

Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.

See more

An Phát Complex Industrial Park in Hai Phong City is one of the eco-friendly industrial parks. (Photo: VNA)

Green industrial parks become new magnet for FDI

Statistics show that about 80% of FDI enterprises prioritise investing in industrial parks with green energy infrastructure, reflecting a growing shift in investment preferences amid tightening global environmental standards.

Wood panel production at the Thuan An Wood JSC in Ho Chi Minh City (Photo: VNA)

Vietnamese businesses ride wave of investment in green manufacturing

Recent developments in private investment show that as confidence in the private sector has grown and is a key driver of economic development, investors are strengthening support for enterprises not only through capital but also management expertise and market connectivity.

Officers and soldiers of Son Tra Border Guard Station, Da Nang City Border Guard Command tell local fishermen about IUU fishing. (Photo: VNA)

Fishing solidarity groups help Vietnam with IUU “yellow card” warning removal

Over the years, coastal authorities in Da Nang have intensified efforts to educate fishermen about regulations, particularly the need to avoid illegal fishing in foreign waters. Local administrations and competent forces have also strengthened vessel registration and inspection procedures, installed vessel monitoring systems and ensured transparent declarations of catches at ports.

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.

An apartment building developed by BCONS in Binh Duong (Photo: VNA)

Resolution 68 boosts businesses entering market

By the end of 2025, Vietnam had more than one million active enterprises. In the first two months of 2026, about 64,500 enterprises entered or re-entered the market, up 29.4% year-on-year, averaging 32,200 newly established or returning businesses per month.

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.

Delegates at the launching ceremony (Photo: VNA)

Digital platform on overseas market development launched

With Vietnam’s network of 64 trade offices overseas, Deputy PM Son noted that connecting them through a modern digital platform could help establish a unified national trade information system that operates efficiently, transparently and with strong forecasting capacity.