Vietnam’s industrial zones have vast solar potential, but unclear policies and ownership issues are slowing investment.

Germany's GEO Group has announced a 50 million USD investment to establish a renewable energy workforce training and development centre in the central province of Binh Dinh.

Saigon Hi-Tech Park’s ambitious 50% renewable energy goal far exceeds the city’s 15% target, positioning the park as a trailblazing “living lab” for sustainable energy solutions.

The Ministry of Industry and Trade has proposed that the Prime Minister direct Vietnam Electricity (EVN) to urgently resolve the obstacles and reach agreements with investors involved in wind and solar power projects.

Vietnam’s clean energy growth stalls as solar and wind projects remain idle without power contracts.

As an ASEAN member, Vietnam is advancing its strategic vision to become the region's renewable energy hub, with strong commitments to clean energy development, emissions reduction, and meeting Southeast Asia's growing energy demands.

“In the past, I noticed that many investors were selected. But after being selected, they waited for the right time to ride the wave and profit from price differences. This is extremely dangerous,” Minister Nguyen Hong Dien warned.

To support an ongoing investigation, the Ministry of Public Security has requested the People's Committees of Ha Tinh and Quang Binh provinces to provide detailed information and documents related to solar power projects in their respective areas.

Seeking approval from the government, Vingroup has outlined a roadmap for large-scale renewable and LNG power projects, with an estimated investment of $25-30 billion.

The Government has stipulated a series of investment incentives to promote the development of renewable and new energy, including exemptions from land use and land rental fees during the construction period.

The solar and wind power projects that incorrectly received preferential purchase prices – FIT (feed in tariff)– will have to pay money back through an offset payment scheme.

Offshore wind power and green hydrogen projects in Vietnam may soon benefit from unprecedented incentives, including fee exemptions, guaranteed electricity volumes, and flexible investment terms, as proposed in a new draft policy.

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.