Vietnam's solar power industry has grown rapidly since 2017, driven by generous feed-in tariffs and strong government support. The country now has one of the highest installed solar capacities in Southeast Asia, contributing significantly to its renewable energy goals. 2. What challenges is Vietnam's solar power sector facing?
Vietnam's solar power sector is governed by a number of key regulations and policies aimed at promoting the development of renewable energy while managing the challenges associated with rapid growth.
Vietnam is rapidly emerging as a regional leader in solar energy in Vietnam, driven by abundant sunlight and strong government support. Over the past decade, the country has witnessed exponential growth in solar power capacity, transforming its energy landscape toward sustainability.
According to Global Energy Monitor, the country currently operates 19.5 GW of utility-scale solar and wind capacity, more than double the combined capacity of all other ASEAN nations. Renewables now account for 25 percent of Vietnam's energy mix, significantly outpacing the regional average of 9 percent.
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