Excess rooftop solar power can be sold but not more than 10% of capacity: Deputy PM

By Minh Hue
Fri, July 12, 2024 | 2:38 pm GMT+7

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Industry and Trade (MoIT) to present a plan for organizations and households to sell excess rooftop solar power, but no more than 10% of total capacity.

 A rooftop solar power system. Photo courtesy of VnEconomy.

A rooftop solar power system. Photo courtesy of VnEconomy.

In the latest version of a draft government decree on policies to encourage the development of self-use rooftop solar power submitted for approval in June, the MoIT said that power generated using this method should be consumed on site, and not sold to other organizations or individuals or connected to the national grid.

In case of grid connection, the capacity must not exceed 2,600 megawatts set in national power development plan for the 2021-2030 period with a vision to 2050 (PDP VIII).

To encourage clean power sources, in an official dispatch issued on Wednesday, Deputy Prime Minister Tran Hong Ha requested the MoIT research a pilot scheme that allows payment for excess rooftop solar power connected to the national grid with a volume not exceeding 10% of the total capacity.

The Ministry of Finance and the MoIT were assigned to jointly work on regulations on purchasing prices in the spirit of "harmonized benefits, shared risks", he said, adding state utility Vietnam Electricity (EVN) is responsible for purchasing excess electricity output, but must ensure system safety.

The Deputy PM noted that the ministries must urgently complete these regulations and submit them to him for approval on Friday (July 12). However, no new development has been recorded so far.

The country has about 103,000 rooftop solar power projects, with a total installed capacity of more than 9,500 MW. According to PDP VIII, the capacity of this power source will increase by 2,600 MW by 2030.

According to the MoIT, the government is encouraging the installation of self-use rooftop solar power systems, for easing the burden of financial costs, but not for business purposes or incentives as before. It is a "favor" for organizations and individuals to connect their excess rooftop power to the national grid, it said.

However, in subsequent comments, many experts proposed allowing organizations and households to connect excess rooftop solar power to the grid. Authorities can set limits to prevent policy profiteering, especially in industrial zones and clusters.

Deputy PM Ha also requested the MoIT and related parties to have solutions and design necessary conditions to avoid corruption and waste of resources.

Comments (0)
  • Read More
Malaysia remains 9th largest global exporter of high-tech products

Malaysia remains 9th largest global exporter of high-tech products

Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.

Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7

Insights into Decision 768 amending Vietnam's power development plan VIII

Insights into Decision 768 amending Vietnam's power development plan VIII

Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.

Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7

From loss to profit: steel maker SMC sees stock rally, avoids delisting risk

From loss to profit: steel maker SMC sees stock rally, avoids delisting risk

Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.

Companies - Tue, April 29, 2025 | 3:45 pm GMT+7

Dairy giant TH plans $234 mln factory in southern Vietnam

Dairy giant TH plans $234 mln factory in southern Vietnam

A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.

Companies - Tue, April 29, 2025 | 3:19 pm GMT+7

Int’l organizations lower Indonesia’s 2025 economic growth forecast

Int’l organizations lower Indonesia’s 2025 economic growth forecast

Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.

Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7

Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics

Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics

Indonesia, a Muslim-majority country, is eager to share its expertise in Halal standards and looks forward to collaborating with Vietnam in sectors such as food processing, cosmetics, tourism, and Halal financial services, said Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City.

Companies - Tue, April 29, 2025 | 1:34 pm GMT+7

MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln

MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln

Food seasoning maker Vedan recorded a revenue of $166 million in Vietnam last year, down 4% year-on-year, according to the 2024 performance review of the Taiwan-headquartered firm.

Companies - Tue, April 29, 2025 | 11:45 am GMT+7

Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem

Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem

Businesses from Vietnam and Japan signed numerous MoUs aimed at developing a cooperation ecosystem in innovation and high-tech industries on the sidelines of a forum in Hanoi on Monday.

Economy - Tue, April 29, 2025 | 11:31 am GMT+7

Vietnam’s VPBank targets 35% annual credit growth over next 5 years

Vietnam’s VPBank targets 35% annual credit growth over next 5 years

Vietnam’s leading private lender VPBank expects to post annual credit growth of 35% over the next five years after taking over weaker lender GPBank, said VPBank chairman Ngo Chi Dung.

Banking - Tue, April 29, 2025 | 8:17 am GMT+7

Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam

Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam

Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.

Economy - Mon, April 28, 2025 | 11:07 pm GMT+7

Malaysia highlights roles of ASEAN, BRICS in regional cooperation

Malaysia highlights roles of ASEAN, BRICS in regional cooperation

Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.

Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.

Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7

Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit

Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit

Idico Corporation, a major industrial park developer in Vietnam, has applied for listing its shares on the Ho Chi Minh Stock Exchange (HoSE) and kept its 2025 business plan unchanged with a pre-tax profit target of VND2.6 trillion ($100 million).

Companies - Mon, April 28, 2025 | 9:53 pm GMT+7

Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam

Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam

Sun Group, Vietnam's leading real estate developer, on Saturday broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa.

Real Estate - Mon, April 28, 2025 | 9:30 pm GMT+7

Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years

Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years

In the Bank Satisfaction Rankings 2025, Saigon-Hanoi Bank (SHB) not only makes it to the top 10 but also stands out as the bank with fastest growth in customer satisfaction for two consecutive years.

Companies - Mon, April 28, 2025 | 4:19 pm GMT+7

India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam

India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam

Indian-invested KCP Vietnam Industries Limited has proposed raising the capacity of its Son Hoa sugar plant to 15,000 tons of sugarcane per day and deploying the 45 MW second phase of its 75 MW KCP Phu Yen biomass power plant, both in Phu Yen province.

Industries - Mon, April 28, 2025 | 3:35 pm GMT+7