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More than two dozen foreign and Vietnamese investors, including Adani Green Energy, have warned Vietnam's plans to retroactively change rules on subsidised prices for wind and solar energy could affect more than $13 billion of investments.
In a letter to Vietnamese leaders dated March 5 and reviewed by Reuters, the investors expressed "deep alarm" about the possible end of favourable energy tariffs, noting the policy change could undermine broader financial stability and erode confidence in Vietnam at a time when the country plans to significantly expand its renewables capacity.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
**Photo credit: Reuters
Vietnam’s direct power purchase agreement (DPPA) model is advancing as corporates adopt green energy. VinEnergo will supply rooftop solar-plus-storage systems to Vingroup factories, while KN Holdings and Samsung C&T plan 864 MW floating solar projects. Both initiatives highlight DPPA’s growing role in driving Vietnam’s corporate decarbonization and net-zero ambitions.
Vietnam’s Hoa Sen Group has partnered with Singapore’s SP Group to deploy a Cooling-as-a-Service (CaaS) system and 17.6MWp of rooftop solar across two major steel plants. The initiative will cut cooling electricity use by over 30% and reduce emissions by 14,000 tons annually. It supports Vietnam’s 2050 net-zero target through energy efficiency and clean energy adoption.
Việt Nam is advancing its energy transition with strong offshore wind potential of 600GW—the highest in Southeast Asia. The updated Power Development Plan (PDP8) prioritizes renewables, energy storage, and green fuels. While challenges remain in grid upgrades and energy security, digitalization and international cooperation offer critical opportunities for sustainable growth.
New U.S. tariffs on Chinese solar components threaten to disrupt Vietnam’s clean energy ambitions, as many of its solar exports rely on Chinese materials. The article examines how these trade measures could raise costs, delay projects, and hinder the country’s energy transition plans.
Vietnam has cut LNG import tariffs from 5% to 2% to attract investment and support its energy transition. The move boosts LNG-to-power projects under PDP8, but policy gaps, financing hurdles, and regulatory uncertainties persist. Industry leaders call for comprehensive legal reforms to ensure long-term LNG development and energy security.
Vietnam announced plans to boost its generation capacity to 183–236 GW by 2030, requiring $136 billion in investment. The plan includes the development of nuclear power by 2030–2035, a strong focus on renewables, and transmission upgrades. The move aims to support rising electricity demand and ensure energy security.
Over $13 billion in solar and wind investments in Vietnam are at risk as investors warn that proposed retroactive tariff changes could damage financial stability and erode long-term investor confidence.