Government procurement price of solar with battery in Vietnam

- For ground-mounted solar power plants with battery storage systems, the maximum price (excluding value-added tax) for the Northern region is VND 1,571.98/kWh; the Central region is VND 1,257.05/kWh; the Southern region is VND 1,149.86/kWh.Northern region: 1,571.98 VND/kWh.
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For ground-mounted solar plants with battery storage systems, the maximum tariff is VNĐ1,571.98/kWh in the North, VNĐ1,257.05/kWh in the Central region, and VNĐ1,149.86/kWh in the South.

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5 FAQs about [Government procurement price of solar with battery in Vietnam]

What is the cost of solar electricity in Vietnam?

Last year, Vietnam had a solar LCOE (Levelized Cost of Energy) of $0.046 per kWh for solar electricity. The cost in the United States was $0.055 per unit of power, and in Turkey it was $0.064.

When will the electricity generation price framework be approved?

The Ministry of Industry and Trade has just issued decisions approving the electricity generation price framework for hydropower plants, natural gas-fired combined cycle thermal power plants, and solar power plants. The approved decisions are effective from the date of signing (April 10, 2025).

Can solar and wind power meet Vietnam's near-term energy needs?

Such financial hurdles have challenged the government’s ability to use fossil fuels to expand electricity supply in step with Vietnam’s fast-growing economy. Contrastingly, solar and wind power’s lower capital requirements and faster development timelines are well-suited to meeting Vietnam’s near-term energy needs.

How can a new LNG-to-power project protect Vietnam from global fuel price volatility?

Prioritizing domestic renewables and grid resilience over new LNG-to-power projects can shield Vietnam from global fuel price and exchange rate volatility while still meeting demand growth. Vietnam stands at an inflection point.

Does competitive bidding drive solar prices down?

Across Asia, standardized competitive bidding has been proven to drive prices down significantly, most notably in India. India’s auction-based solar program has yielded over 59GW of installed capacity, with tariffs dropping from USD9.72¢/kWh in 2014 to a weighted average of just USD3.04¢/kWh in 2024.

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