"Key" to realizing sustainable development goals
At the recent 4th Summit on Partners for Green Growth and Global Goals, General Secretary To Lam emphasized that Vietnam reaffirms its commitment to sustainable development, energy transition and implementation of the goal of carbon neutrality by 2050.
At the Forum "Promoting green energy in industrial parks: Solutions for effective implementation by businesses", Mr. Hoang Quang Phong - Vice President of VCCI - Vietnam, said that the necessary mechanisms and policies for green growth have been basically developed.
In 2025, Vietnam sets a national economic growth target of over 8% and double-digit growth from 2026. This would require 1.5 times more electricity.
To ensure national energy security, Vietnam has implemented a series of policies and strategic plans, most notably the adjustment of the VIII Power Plan. Increase the total power source capacity to about 183236 GW (Gigawatts) by 2030, in order to meet the increasing electricity demand of the economy Mr. Phong informed.
Regarding policy, according to Mr. Hoang Quang Phong, by March 2025, the Government has issued a series of policy mechanisms such as Decree No. 57/2025 - Regulations on the mechanism for direct electricity purchase and sale between renewable energy power generation units and large electricity users, Decree No. 58/2025 - detailing the Electricity Law on the development of renewable energy and new energy.
These policies have created a solid legal corridor for the plan to implement greening and shifting to using clean energy of businesses. The above policies have contributed significantly to helping businesses be more proactive and bold in the roadmap to implement green and sustainable development strategies.
Rooftop solar power helps businesses reduce electricity costs
Vietnam currently has more than 380 industrial parks and about 700 industrial clusters in operation. These are "hot spots" for electricity consumption, and are also places that hold great potential for rooftop solar power development.
According to Mr. Nguyen Ngoc Trung - Deputy Director of the Department of Industry and Economy, Central Policy and Strategy Committee - from the implementation of the reality, rooftop solar power helps businesses reduce electricity costs, enhance brand value associated with green factors.
Although the potential and policies have all been initially shaped, Mr. Nguyen Ngoc Trung also frankly acknowledged that rooftop solar power generation in industrial parks still has many barriers.
The legal framework is not really synchronous, causing businesses to confusion when registering for merger and operation. Initial investment costs are still a big burden, especially for small and medium-sized enterprises. The technical infrastructure of many industrial parks has not met the requirements for receiving scattered power, while two-way measuring devices are still lacking. In addition, many businesses still lack awareness and experience in operating renewable energy systems.
Mr. Trung proposed that it is necessary to soon complete specific instructions for the new decrees, especially on the model of self-production and self-consumption in industrial parks. There should be financial support policies and investment incentives such as tax exemptions, green credit, and rapid depreciation.
From an infrastructure perspective, industrial park investors need to coordinate with the electricity industry to upgrade the power grid, install smart metering devices, and create conditions for solar power to join the grid or operate independently.
Finally, Mr. Trung emphasized the role of public-private and international cooperation to mobilize ODA capital, preferential loans and private investment, thereby implementing solar power projects in a methodical, large-scale and sustainable manner.
Developing green energy is not only an inevitable trend but also a long-term driving force for Vietnam to maintain growth, ensure energy security and enhance national competitiveness. In that major strategy, rooftop solar power in industrial parks, if developed in the right direction, can completely become a strategic piece, contributing to promoting Vietnam's energy transition to be faster, further and more sustainable.
