April 2025 | Southeast Asia Impact Alliance Vietnam is taking another step toward modernizing its renewable energy sector by unveiling updated feed-in tariffs (FiTs) for solar power, with a notable emphasis on encouraging battery energy storage systems (BESS).
The project’s official inauguration event held in December. Image: VinGroup. A green energy subsidiary of Japanese conglomerate Marubeni has brought online a megawatt-scale battery storage demonstration project in Vietnam.
Vietnam’s Eighth National Power Development Plan, published in 2023, also acknowledges that the country’s solar potential is an estimated 963GW of capacity, and the government has since made moves to provide offtake tariffs and better enable onsite self-consumption.
Reduced usage fees for the following nine years. Output guarantees covering at least 70% of contracted electricity during the loan repayment period (up to 12 years), provided grid conditions and project performance are met. This signals Vietnam’s commitment to pioneering green fuels alongside solar and wind.
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