fulcrm.sg Published 19 Nov 2025 Le Hong Hiep
In Vietnam, an impasse over feed-in-tariffs for renewable energy producers threatens foreign investors’ confidence in government policies
Afestering legal crisis is threatening to derail Vietnam’s energy development plans. 173 solar and wind projects, representing about US$13 billion in investments, are stuck in limbo due to ongoing disputes regarding their feed-in-tariffs (FITs) – the guaranteed payments that the government would pay for their contribution to the power grid. This situation raises concerns about Vietnam’s business environment and the consistency of its economic policy. If Vietnam does not resolve these disputes promptly, the country could face significant legal, financial, and reputational repercussions.
Between 2018 and 2021, Vietnam experienced a significant boom in renewable energy, primarily fuelled by the government’s commitment to offer attractive 20-year FITs to investors for projects that began commercial operations before designated deadlines. However, in 2023, an investigation by the Government Inspectorate found that many of these projects had not obtained their Construction Completion Acceptance (CCA) certificates before their Commercial Operation Date (COD). Following the inspection, the Ministry of Industry and Trade issued a new circular, effective June 2023, stipulating that renewable energy projects must obtain a CCA certificate before being recognised for COD. This effectively disqualified the affected projects from receiving the original FIT rates.
Tiếp tục đọc “Time for Vietnam to Resolve Its Renewable Energy Legal Quagmire”
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