Government subsidy for solar panel mount for container in Vietnam

Vietnam’s Ministry of Industry and Trade (MOIT) has unveiled a revised feed-in tariff (FIT) framework for solar power, incorporating location-based pricing and, for the first time, incentivizing projects equipped with energy storage systems (ESS).
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For the first time, solar plants equipped with BESS will be eligible for higher rates to compensate for the added complexity and investment costs. Tariff levels are also region-specific, taking into account solar radiation

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6 FAQs about [Government subsidy for solar panel mount for container in Vietnam]

What is the new tariff structure for solar projects in Vietnam?

Under the updated tariff structure, solar projects are now divided into ground-mounted and floating categories, and segmented further by region—North, Central, and South Vietnam. Tariffs are calibrated based on solar resource availability, infrastructure costs, and local electricity demand, with higher rates awarded to projects that integrate ESS.

Why has the Vietnamese government temporarily suspended solar projects?

To address the rapid growth and grid capacity issues, the Vietnamese government has temporarily suspended new approvals for large-scale solar projects. This measure aims to manage the grid’s ability to integrate new capacity and transition from the FiT scheme to an auction-based system for project approval and pricing.

What challenges has Vietnam faced with anti-dumping tariffs on solar panels?

This speaks to the challenges Vietnam has faced related to anti-dumping tariffs on solar panels, particularly concerning accusations of illegal transshipments. Some foreign companies have attempted to label Chinese-made solar products as Vietnamese to bypass higher U.S. tariffs.

Are solar panels regulated in Vietnam?

Vietnam’s solar panel trade is regulated under Decree 26/2023/ND-CP, which outlines the Schedule of Export Tariffs and Preferential Import Tariffs. This decree, effective from July 15, 2023, sets specific import duties on goods, including solar panels and related components.

What are the new fits for solar power projects?

These updated FiTs aim to enhance grid reliability while aligning with the nation’s broader energy transition strategy. The most significant development in this update is the introduction of differentiated tariffs for solar power projects that incorporate battery storage.

Are solar plants equipped with Bess eligible for higher rates?

For the first time, solar plants equipped with BESS will be eligible for higher rates to compensate for the added complexity and investment costs. Tariff levels are also region-specific, taking into account solar radiation potential in Northern, Central, and Southern Vietnam.

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