NEW PRICES SET FOR TRANSITIONAL SOLAR AND WIND PROJECTS

On January 7, Minister of Industry and Trade Nguyen Hong Dien set the new framework for electricity prices of transitional solar and wind power projects.

Accordingly, the ceiling price (the highest price) of the electricity generation price bracket (excluding value-added tax) applied to ground solar power plant is VND1,184.90/kWh, and floating solar power plant is VND1,508.27/kWh.

The ceiling price applied for the inland wind power plant is VND1,587.12/kWh, sea wind power plant is VND1,815.95/kWh.

Based on this electricity price framework, EVN and the transitional solar and wind power generators specified in Circular No.15/2022/TT-BCT that they will discuss the official electricity prices.

According to the Ministry of Industry and Trade (MoIT), there are still many projects/parts of wind and solar power projects that are being constructed. However, these projects missed the chance to enjoy the feed-in tariff (FIT) mechanism, which expired on November 1, 2021.

Notably, 62 wind power projects with a total capacity of 3,479 MW signed a power purchase agreement with EVN, but they have yet to have an electricity-selling price due to the expiry of FIT. In addition, 452MW has been built and installed, but the selling price has not been determined.

On October 3, 2022, the MoIT issued Circular No.15 stipulating the method of building a price frame for transitional solar and wind power projects, effective from November 25, 2022.

In late November, EVN sent a document to the MoIT and the Electricity Regulatory Authority on establishing a framework for electricity prices of transitional solar and wind power projects.

In the document, EVN reported that up to November 16, 2022, EVN received feedback from 208 renewable energy power projects, including 99 solar power projects with four floating and 95 land solar power projects and 109 wind power projects (WPPs). Among them, 147 solar power projects and 146 wind power projects have Power Purchase Agreements with EVN.

Source: VIR

Related News

BANKING / FINANCE / INSURANCE / TAX

REMITTANCES TO HCM CITY RISE NEARLY 40% IN Q3

Remittances to HCM City reached more than US$2.83 billion in the third quarter of this year, up 39.5 per cent from the previous quarter and 3.6 per cent year-on-year. This was the first quarter showing positive annual growth this year, helping narrow the decline in remittance inflows over the first nine months. According to the State Bank of Vietnam (SBV)’s Regional Branch 2, remittances transferred to HCM City through credit institutions and economic organisations totalled $2.835 billion in Q3, an increase of more than $802 million from the previous quarter.

Oct 21, 2026

TECHNOLOGY

TECH SECTOR GROWTH OPENS UP OPPORTUNITIES FOR VIỆT NAM TO GO GLOBAL

The growth of the electronics, semiconductor and high-tech sectors worldwide is opening up a variety of opportunities for Vietnamese enterprises to integrate more deeply into the global supply chain. However, to become suppliers for these corporations, domestic enterprises must meet rigorous standards regarding quality, technology, productivity and order fulfilment capabilities.

Oct 21, 2026

VIETNAM ECONOMY INVESTMENT

FOREIGN INVESTORS SEEKING A SYNCHRONISED MANUFACTURING ECOSYSTEM

Instead of focusing only on land costs and incentives as usual, foreign investors are seeking a synchronised manufacturing ecosystem, from stable power supply and logistics to shared infrastructure and the convenience of completing residence procedures for experts to serve their long-term investment in the country.

Oct 21, 2026

MEMBER CORNER / PROMOTIONS

SENTRYSAFE FHW40200 – PROTECT YOUR VALUABLES, ENJOY PEACE OF MIND!

Looking for a reliable solution to protect your important documents, cash, and valuables from fire and water damage? Genuine SENTRYSAFE - Reliable protection for your valuables and peace of mind! Contact Sen Wai Vietnam for more information and personalized product recommendations.

Oct 21, 2026

PROPERTY / INDUSTRIAL ZONE

HCM CITY ATTRACTS US$5.7 BILLION INTO EXPORT PROCESSING AND INDUSTRIAL ZONES

HCM City attracted US$5.7 billion in domestic and foreign investment into its export processing and industrial zones during the first nine months of 2026. The figure exceeded the city's full-year target by 31 per cent, highlighting strong momentum in high-quality industrial investment under Resolution No.10-NQ/TW. Total investment reached 131 per cent of the 2026 target of $4.25 billion and represented a 29 per cent increase compared with the same period in 2025, according to the city's Export Processing and Industrial Zones Authority (HEPZA).

Oct 21, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

DONG THAP PROVINCE STEPS UP INDUSTRIAL EXPANSION AND INFRASTRUCTURE CONNECTIVITY

Accelerating public investment, strengthening inter-regional connectivity, and expanding industrial land are helping Dong Thap efficiently bolster competitiveness and drive economic growth. Following the 2025 merger of the former Dong Thap and Tien Giang provinces, the expanded Dong Thap province in the Mekong Delta faces mounting pressure to accelerate infrastructure development and strengthen connectivity among local economic zones, urban areas, industrial parks (IPs), and production centres.

Oct 21, 2026