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data-element_type="section" data-settings="{"background_background":"classic"}"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f73778c" data-id="f73778c" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-80dd199 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="80dd199" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b52121d" data-id="b52121d" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-4120eb3 elementor-widget elementor-widget-heading" data-id="4120eb3" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Markets Vietnam</h2> </div> </div> <div class="elementor-element elementor-element-9a4c7c2 elementor-widget elementor-widget-text-editor" data-id="9a4c7c2" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <p>Electricity Vietnam (EVN) is the vertically integrated national power company responsible for about 58% of Vietnam’s generation. Through its various subsidiaries, it is responsible for operating the wholesale market, transmission and distribution. The Vietnam Wholesale Electricity Market still relies on a single buyer model.</p> </div> </div> <div class="elementor-element elementor-element-73a4774 elementor-widget elementor-widget-heading" data-id="73a4774" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Vietnam’s Energy Sector Overview </h2> </div> </div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-1b0c478 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="1b0c478" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f5792c5" data-id="f5792c5" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-8cf53cf elementor-widget elementor-widget-heading" data-id="8cf53cf" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Installed Power Capacity (2021)</h2> </div> </div> <div class="elementor-element elementor-element-867b4f9 dce_masking-none elementor-widget elementor-widget-image" data-id="867b4f9" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="439" height="279" src="https://solar.totalenergies.asia/wp-content/uploads/2023/01/vn-1-1-1-1.jpg" class="attachment-large size-large wp-image-4300" alt="" srcset="https://solar.totalenergies.asia/wp-content/uploads/2023/01/vn-1-1-1-1.jpg 439w, https://solar.totalenergies.asia/wp-content/uploads/2023/01/vn-1-1-1-1-300x191.jpg 300w" sizes="(max-width: 439px) 100vw, 439px" /> </div> </div> <div class="elementor-element elementor-element-efde223 elementor-widget elementor-widget-text-editor" data-id="efde223" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>Demand expected to grow by 7.9% annually from 2022 to 2026, exceeding supply by 15 TWh in ’23</li><li>Solar and Wind installed capacity in 2021 is 28% ~ 21.5 GW</li></ul> </div> </div> </div> </div> <div class="elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d9f84d0" data-id="d9f84d0" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-11b73bf elementor-widget elementor-widget-heading" data-id="11b73bf" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Average Electricity Prices (Industrial User)</h2> </div> </div> <div class="elementor-element elementor-element-38c52e3 dce_masking-none elementor-widget elementor-widget-image" data-id="38c52e3" data-element_type="widget" data-widget_type="image.default"> <div class="elementor-widget-container"> <img decoding="async" width="439" height="279" src="https://solar.totalenergies.asia/wp-content/uploads/2022/09/vn-2.jpg" class="attachment-large size-large wp-image-1162" alt="" srcset="https://solar.totalenergies.asia/wp-content/uploads/2022/09/vn-2.jpg 439w, https://solar.totalenergies.asia/wp-content/uploads/2022/09/vn-2-300x191.jpg 300w" sizes="(max-width: 439px) 100vw, 439px" /> </div> </div> <div class="elementor-element elementor-element-54ba24b elementor-widget elementor-widget-text-editor" data-id="54ba24b" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>Industrial Tariff for 22kV Buyer is currently around 8.38 c/kWh or 1,931 VND/kWh and expect to increase 2% and 4.6% for USD and VND tariff respectively</li><li>Recently, EVN committed not to increasing power price in 2022. In the long run, grid price forecasted to increase by 4.6% annually (Source: Wood Mackenzie)</li></ul> </div> </div> </div> </div> </div> </section> <section data-dce-background-color="#4632FF" class="elementor-section elementor-inner-section elementor-element elementor-element-da8f9fd elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="da8f9fd" data-element_type="section" data-settings="{"background_background":"gradient"}"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8e7cf3a" data-id="8e7cf3a" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-4ef9588 elementor-widget elementor-widget-heading" data-id="4ef9588" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Regulation</h2> </div> </div> <div class="elementor-element elementor-element-e575c5a elementor-widget elementor-widget-heading" data-id="e575c5a" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Government Lead Initiatives:</h2> </div> </div> <div class="elementor-element elementor-element-f24e1c1 elementor-widget elementor-widget-text-editor" data-id="f24e1c1" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li><p>Renewable Energy Sources targets: Vietnam Renewable Energy Target 2016-2030 (PDP 7):</p><ul><li>6.5% renewable energy generation by 2020 and 10.7% by 2030</li><li>710-800MW of wind by 2020 and 6GW by 2030</li><li>850MW of PV by 2020 and 12GW by 2030</li></ul></li><li><p>Carbon reduction target – INDC 2015:</p><ul><li>Unconditional: by 2030, GHG reduction of 8% compared to BAU</li><li>Conditional: up to 25% if international support</li></ul></li></ul> </div> </div> <div class="elementor-element elementor-element-2054a98 elementor-widget elementor-widget-heading" data-id="2054a98" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Implementation:</h2> </div> </div> <div class="elementor-element elementor-element-b3b57c7 elementor-widget elementor-widget-text-editor" data-id="b3b57c7" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <ul><li>Net metering (Circular 16): on an annual basis to rooftop PV systems connected to the grid, on buildings with bidirectional meters. Excess electricity credits after one year will be sold to EVN at the FiT rate of 2086 VND/kWh (9,35 c$/kWh) for 20 years, with annual adjustment to the USD/VND exchange rate</li><li>FiT for systems < 1 MW can be installed outside the development power plan. For > 1 MW, mandatory power sector licensing</li></ul> </div> </div> </div> </div> </div> </section> <div class="elementor-element elementor-element-d41ea2c elementor-widget elementor-widget-spacer" data-id="d41ea2c" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <div class="elementor-spacer"> <div class="elementor-spacer-inner"></div> </div> </div> </div> <div class="elementor-element elementor-element-afe4e36 elementor-widget elementor-widget-heading" data-id="afe4e36" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <h2 class="elementor-heading-title elementor-size-default">Project Reference</h2> </div> </div> </div> </div> </div> </section> <section class="elementor-section elementor-top-section elementor-element elementor-element-7262b31 projects elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="7262b31" 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class="elementor-cta__title elementor-cta__content-item elementor-content-item"> Men-Chuen Vietnam Co., Ltd. is a pioneer in knitted fabrics manufacturing. </h3> <div class="elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item "> <span class="elementor-cta__button elementor-button elementor-size-xs"> » Read More </span> </div> </div> </a> </div> </div> </div> </div> <div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-bbf1d57" data-id="bbf1d57" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> <div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-febbfa4" data-id="febbfa4" data-element_type="column"> <div class="elementor-widget-wrap"> </div> </div> </div> </section> </div> </div> </main> <div data-elementor-type="footer" data-elementor-id="217" class="elementor elementor-217 elementor-location-footer" 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