Vietnam proposes heavily-cut solar FIT rates from next month
A rooftop solar installation conducted in Vietnam last year. Image: Sungrow.
Vietnam is to slash feed-in tariffs available for rooftop solar installations from next month by as much as 38% in a bid to address grid pressures in the country, local media has reported.
The
Dai Doan Ket newspaper has cited Hoang Tien Dung, head of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, as stating that tariffs will be cut by between 31% and 38% to between US$0.052/kWh and US$0.058/kWh, depending on the system size.
Under the feed-in tariff 2 (FIT2) scheme, which closed to new applicants on 31 December 2020, tariff rates were as high as US$0.0838/kWh.
Wednesday, March 17, 2021, 22:39 GMT+7
A file photo shows a Ho Chi Minh City resident cleans solar panels installed on the roof of his house. Photo: Tuyet Kieu / Tuoi Tre
Vietnam plans to cut the feed-in tariff for rooftop solar panels by 30.8-37.9% in a bid to reduce pressure on the national power grid following a recent boom in installed capacity, state media reported on Wednesday.
Vietnam has had one of the fastest growing renewable energy markets in Asia in recent years, but the development of its transmission system has lagged, leaving several of its new solar power plants operating below designed capacity.
Saturday, 17:25, 06/03/2021
For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts.
Vietnamese bananas on display at Lotte supermarkets across the Republic of Korea. (Photo: VNA)
Foreign supermarkets such as Aeon, Lotte or MM Mega Market, which are operating in Vietnam, are effective distribution channels to help consume and export Vietnamese goods. However, it seems that Vietnamese businesses have not taken advantage of it.
In order for Vietnamese products to be sold through foreign distribution channels, the criteria for product quality and food safety and hygiene are a priority.