Vietnam’s draft policy is considered to provide limited subsidies and loans for residential solar installations. (Photo: iStock)
To reduce strain on the national power grid, the Vietnamese government is set to introduce new legislation encouraging households to install rooftop solar systems for self-consumption.
However, experts argue that the Ministry of Industry and Trade (MOIT) must offer clearer guidelines to protect consumers and achieve meaningful outcomes. Some solar developers also warn that the current policy draft may lack sufficient incentives.
Vietnam pushes home solar with subsidies and loans
According to the draft, eligible households will receive subsidies based on installed capacity, up to VND 500,000 (about USD 19) per kilowatt-peak (kWp), capped at VND 2.5 million (about USD 95) per home. Those opting to include battery storage will also be eligible for preferential commercial loan rates.
