Does Vietnam need a solar deployment strategy?

Vietnam is a major manufacturer of solar photovoltaic equipment and currently exports most of its production. A strong solar deployment strategy could shift the focus toward domestic use. Vietnam holds 7 percent of the global solar photovoltaic market and produces enough cells and panels each year to generate 5 GW of electricity.

Is Vietnam a good place to invest in solar energy?

Vietnam has great potential for solar energy development, especially in the central and southern regions. The average annual sunshine hours in the central and southern regions are 2,000 to 2,600 hours/year.

Who are the main power producers in Vietnam?

In Vietnam, the main power producers are state-owned enterprises whose risk appetite is quite different from the diverse appetites of international IPPs, investors, or smaller Vietnamese companies not linked to the government.

What is Vietnam's hydropower capacity?

Vietnam's developable hydropower capacity is high as 25-38 GW, 60% of which is concentrated in the north of the country - where the industrial zones from Hanoi to the seaport are located. As of 2020, Vietnam's hydropower installed capacity was 21,600 MW, and its power generation contribution accounted for nearly 30%.

Does Vietnam have a wind power plant?

Vietnam has 8.6% of its land area with excellent potential for large-scale wind power plants, compared with 0.2% in Cambodia, 2.9% in Laos and 0.2% in Thailand. Because of this, Vietnam’s wind power is growing rapidly. In May 2019, there were only 7 wind turbines connected to the grid in Vietnam, with an installed capacity of 331 MW.