Vietnamese people still hesitant to embrace solar power: association
Household electricity in Vietnam remains partially subsidized by the government, and low electricity consumption means the benefits of solar power are unclear to many, according to Nguyen Xuan Quy, vice president of the Vietnam Clean Energy Association (VCEA).

Trungnam Tra Vinh solar power plant in Tra Vinh province, southern Vietnam. Photo courtesy of the company.
"Electricity prices are low and partially supported by the government, making it difficult for people to see the advantages of solar power," Quy stated at a scientific conference on inverter technologies for rooftop solar power in Ho Chi Minh City last Sunday.
Despite Vietnam’s significant potential for solar energy, along with favorable natural conditions and clear policies, solar adoption has been limited. "People are still hesitant and not bold enough to explore solar power," he noted.
Quy expressed hope for a more vibrant solar power market, where households with solar systems can sell excess electricity to the grid and buy power when needed. "This benefits both the country and families," he said.
"We work with them to demonstrate the benefits of investing in solar power. For businesses that invest, we provide support in securing capital, design, and construction. The payback period is relatively short, about five years. After that, they own the system outright, with no additional costs, and can benefit from it long-term,” said Quy.

Nguyen Xuan Quy, vice president of the Vietnam Clean Energy Association (VCEA). Photo courtesy of the association.
According to the Vietnam Clean Energy Association, the current status of household solar power installation in Vietnam has many shortcomings that pose potential risks of unsafety and fire and explosion, affecting investment efficiency and causing economic losses to people.
Inverters are important devices in solar power systems, with the function of converting direct current from solar panels into alternating current for household use. Using inverters of unknown origin and without explosion-proof functions can cause electrical short circuits and explosions, especially in harsh weather conditions, according to the association.
Poor-quality electrical wires that do not meet technical standards can be overloaded, causing melting, electrical short circuits, and even fires.
Solar power installation requires high technical and professional skills. Choosing an unreliable and inexperienced contractor can lead to inefficient system operation, unsafety, low lifespan, and even failure to be connected to the national grid.
Energy storage batteries (ESS) are an important component in the solar power system, helping to store excess electricity for use when needed. However, poor-quality ESS batteries of unknown origin pose a very high risk of fire and explosion due to unsafe internal components.
According to the association, installing household solar power without ensuring quality can cause fire and explosion, causing damage to people and property; the system operates inefficiently and does not meet the demand for electricity.
Quy added that to ensure safety and efficiency when installing household solar power, people need to choose equipment with clear origin, good quality, certified safety, and selection.
They also need to choose reputable construction units with experience and a team of well-trained technicians. People should ask the construction unit to provide complete design documents, product quality certificates, and system warranties.
- Read More
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7