Prime Minister Pham Minh Chinh has laid stress on the need to complete the resolution of obstacles for renewable projects by February 2025 to prevent wastefulness, contributing to ensuring electricity for development.

Self-produced and self-consumed solar power systems not only mean power works installed by organizations and individuals for their own consumption, but also works installed by third parties.

Several Vietnamese enterprises are able to manufacture hundreds of individual wind turbine components at a time and sell them directly to foreign wind power companies or major turbine suppliers.

Looking at what is happening with solar and wind power today, one would think that the goal of using renewable energy as the pillar of the power system in Vietnam is too ambitious.

While Vietnam possesses great offshore wind energy potential, the lack of a legal framework has impeded development.

As one of the countries most severely affected by climate change, Vietnam has been making great efforts to cope with climate change and pursue sustainable green development.

Offshore wind energy is crucial to many nations' green energy transition, but Vietnam is new to this field.

If electricity prices from offshore wind power plants are higher than EVN's (Electricity of Vietnam) retail prices, EVN has the right to refuse to buy electricity from the plants.

Trung Nam Group, struggling with significant debt, has sold its controlling stake in its largest solar project, which is now seeing a positive shift in profits.

Effective from July 3, 2024, Decree 80 outlines the framework for direct power purchase agreements, aiming to enhance the collaboration between renewable energy suppliers and major electricity users.

154 solar power projects, previously flagged for violations, will be integrated into the updated National Power Development Plan after resolving their issues.

Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy to advance innovative distributed energy solutions.

Learn about the key factors contributing to Vietnam's 32nd rank in the clean energy transition index and what lies ahead for its sustainable energy journey.

Producers and customers can now directly buy and sell clean energy through a power purchase agreement, with electricity prices determined by mutual agreement between both parties.

Regarding policies for renewables development, the Ministry of Industry and Trade (MOIT) believes that it is time to shift from support to competition policies.

With enormous potential for solar power, onshore and offshore wind power, Vietnam is well positioned to transform its energy sector from fossil fuels to renewable energy and leverage its national resources.

The government of Vietnam needs to set renewables prices at reasonable levels that can benefit investors, EVN and consumers, experts say.

LNG (liquefied natural gas) is considered the trump card of clean energy trends. Vietnam is following the trend, having committed to reduce net emissions to zero by 2050.

Experts believe that use of LNG (liquefied natural gas) will continue, but Vietnam still doesn’t have a legal framework on LNG import and business.