Understanding Renewable energy storage tender price in Vietnam 2025
Vietnam's Ministry of Industry and Trade mandates 15% storage for new renewable projects (up 5% from 2024), triggering a 300% surge in 2025 storage tenders. Industrial park "PV +.
Vietnam's Ministry of Industry and Trade mandates 15% storage for new renewable projects (up 5% from 2024), triggering a 300% surge in 2025 storage tenders. Industrial park "PV +.
On April 10, 2025, the Ministry of Industry and Trade (MOIT) issued Decision 988/QD-BCT (“Decision”), updating Vietnam’s feed-in tariff (FiT) rates for solar power projects. These tariffs, effective under the framework of Circular 09/2025/TT-BCT issued on February 1, 2025 (“Circular”), will apply.
For projects without battery storage, the tariff will be VND 1,382.7 ($0.053)/kWh for the northern part of the country, VDN 1,107.1/kWh for the central part, and VDN 1,012.0/kWh for the southern region. For solar power plants relying on battery storage systems, the FiTs for the three regions will.
Vietnamese authorities are looking to retroactively revise purchase prices for 173 solar and wind projects, reducing revenues by 25% to 46%, risking bankruptcies across the renewable energy sector, and jeopardizing investor confidence needed to meet the government’s 2030 targets of 73 gigawatts.
This series aims to explore future trends in the renewable energy market across the region and provide key priorities for renewable energy buyers. Southeast Asia continues to gain ground in renewable energy development, and 2025 is shaping up to be a pivotal year—especially for Vietnam. Following.
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Stay informed about the newest RFP, RFQ, and notices for both public and private Renewable Energy procurement tenders Vietnam in 2025. With extensive coverage of Vietnam Government Renewable Energy Tenders, our platform ensures businesses can confidently participate in tenders published by trusted.
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