Recently, according to a report by Nikkei Asia,becauseThe power grid is overloaded, and the Vietnamese government is now encouraging homeowners and offices to install solar panels for private use.

At the 2021 United Nations Climate Summit in Glasgow,Vietnam proposed to2050achieveCarbon Net Zero Emissions,thereforeFossil fuels must be replaced with solar and wind energy to meetThe requirement of the 'Fair Energy Transformation Partnership' is a $15.5 billion aid plan from the Group of Seven Developed Economies.

Vietnam is the largest solar energy producer in Southeast Asia and a major manufacturer of solar panels,Government PlanreachBy 2030, 50% of households and offices will be equipped with solar panels. The cost of a household solar system ranges from $2000 to $5000. If installed properly, excluding battery storage and maintenance, it can meet most of the household's electricity needs.

According to the website of the Vietnamese Ministry of Tradetwo thousand and twenty-twoThe data for the year has exceeded100000 residential roofs have been installed with solar panels. According to estimates from McKinsey&Company, due to its unique geographical location, this sunny and mostly tropical country has a potential power generation capacity of 380 gigawatts. This far exceeds the government's target of approximately 70 gigawatts of solar power generation capacity.

Vietnam is currently drafting tax breaks and other preferential policies to persuade homeowners to use solar panels to power buildings, thereby reducing dependence on traditional power grids and facing frequent power outages.Government requirementsAll departments, ministerial level organs, government agencies, provincial and municipal people's committees, enterprises, and social organizations shall conscientiously implement various measures, such as: saving electricity in organs and offices, increasing publicity for electricity conservation among civil servants, workers, and others to ensure at least one year of energy conservation5.0% of total electricity consumption; Implement electricity conservation in public lighting, advertising lighting, and outdoor installations to ensure a minimum of 30% total electricity savings during the 2023-2025 period; Implementing electricity conservation measures for each household; Trade operations, service units, and production units save electricity.

The Prime Minister of the government has requested the Ministry of Industry and Trade to develop and carry out plans to encourage and support rooftop solar power generation for enterprises and households, as well as promotion plans for household energy-saving equipment. Expanding the scope of energy labeling and promoting market conversion of high energy efficiency products; Instruct Vietnam Electric Power Group to optimize the operation of various home appliance plants and power transmission and distribution networks, with the aim of effectively utilizing primary energy and reducing power losses throughout the system.