White Paper: State of ASEAN Solar Markets 2022
By the end of 2021, Vietnam's cumulative installed PV capacity was 16.66GW, which is undoubtedly the brightest star in Southeast Asia. However, with the completion of the rush installation in 2020, there will be no new photovoltaic installations in Vietnam in 2021. About 76% of solar power comes from rooftops, and the remaining 24% are ground-based PVs.
Generous FITs, together with income and land-lease payment exemptions, have been key aspects of the policy framework that has spurred Vietnam’s solar PV boom.