Recent developments
On 22 February 2019, the Ministry of Industry and Trade of Vietnam (MOIT) released an updated draft (the New Draft) of the Decision of the Prime Minister on the mechanism for encouraging the development of solar power projects in Vietnam (the Draft Decision). Significantly, the Draft Decision provides for a 2nd Feed-in-Tariff (FiT) at rates varying by location for application from 1 July 2019. Compared to the first draft, released on 29 January 2018 (First Draft), there have been certain revisions to, among other parts, the proposed tariff rates and irradiance regional classifications.
Given that the current Decision 11 of the Prime Minister providing for the FiT of 9.35 US cents per kWh is in effect only until 30 June 2019, the Draft Decision would provide for a new FiT program for an additional 2 years from 1 July 2019 through 30 June 2021, for solar power projects in Vietnam.1
Tiếp tục đọc “Update to New Draft Policy on Feed-in-Tariffs Post-30 June 2019 for Solar Power Projects in Vietnam” →