Vietnam raises electricity price ceilings for solar projects in 2026

Vietnam's Ministry of Industry and Trade approved new regional price ceilings for ground-mounted and floating solar projects starting November 5, 2026.

These ceilings establish the maximum prices that developers can negotiate with electricity buyers, including the state-owned utility Vietnam Electricity (EVN). The new rules increase maximum prices across all regions and project types compared to the 2025 framework. Northern Vietnam sees the highest ceilings, while southern regions have lower maximums. Floating solar projects command higher prices than ground-mounted ones.

Developers can also secure higher prices if they include battery energy storage systems that meet specific capacity and duration requirements. The price adjustments reflect a growing energy landscape where Vietnam's solar capacity exceeded 19 GW by the end of 2025. Because these figures are ceilings rather than guaranteed feed-in tariffs, developers and buyers must still negotiate specific power purchase agreement prices within these new limits.