Vietnam leading ASEAN’s solar PV market

Published onNovember 14, 2019

With the International Monetary Fund (IMF) expecting Vietnam’s economy to grow by 6.5 percent in 2019 and 2020, it is only natural that one of the region’s fastest growing countries is turning towards renewable energy to secure its energy needs…Vietnam added 4.45 GW of new solar PV capacity from June 2018 to June 2019, and Norwegian consultancy Rystad Energy calculated that the average time for construction and commissioning a solar PV project in Vietnam was “an astonishing 275 days.” As Vietnamese media reported in September, this 4.45 GW easily exceeds the 1 GW target set for solar PV electricity generation by 2020.