Policies

National Power Development Plan 2011-2030 (RES targets and wind feed-in tariff)

Source: JOIN IEA/IRENA Policy and Measures Database
Last updated: 29 August 2016

In September 2011 the Government of Vietnam implemented the National Power Development plan to promote energy security, efficiency, renewable energy deployment and power market liberalisation. The goal is to increase the percentage of electricity production from renewable energy sources to 4.5% in 2020 and 6% by 2030 from 3.5% in 2010. 

The Plan includes installed capacity targets per technology declining as follows:

Installed capacity generation targets for Vietnam

 

2020

2030

Wind

1.000 MW

6.200 MW

Biomass

500 MW

2.000 MW

Hydropower

17.400 MW

no target

Pumped storage hydropower

1.800 MW

5.700 MW

Natural gas fired

10.400 MW

11.300 MW

LNG fired

2.000 MW

6.000 MW

Coal fired

36.000 MW

75.000 MW

Nuclear power

 

First reactor to be operational

 

Also, the deployment of wind energy is set as a priority for Vietnam which has a good resource endowment for this technology.

Feed-in tariff for wind plants:

As of June 2011 the government fixed the price the Vientam Electricity company ENV must pay for wind energy purchase at VND 1,614/kWh, equivalent to EUR 0.00006/kWh and entitled ENV for a subsidy of VND 207/kWh of purchased wind power.

Tac relief for wind projects:

As of August 2011, wind power developers are exempted from import duties on equipment and from corporation tax rates.

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Technologies