Summary (Sapo): Vietnam’s electricity consumption demand is surging, placing immense pressure on the national power grid. In the context of Power Development Plan VIII (PDP8), which sets ambitious targets for renewable energy, rooftop solar (RTS)—which once boomed—is now facing a new chapter: sustainable development for “self-consumption”. This presents an opportunity for businesses and households to achieve energy self-sufficiency, while also opening up potential for professional solution providers like Thinh Phong MCT.
📈 The Electricity Consumption Landscape: Demand Exceeds Forecasts
Vietnam’s economy is on a strong recovery and growth trajectory, driving up energy consumption demand. According to the latest report from Vietnam Electricity (EVN), in the first few months of 2024 alone, nationwide electricity demand surged by approximately 11-12% compared to the same period in 2023.
Prolonged, intense heatwaves, particularly in the Northern region, have further increased operational pressure on the system. Average daily power consumption has continuously set new records. This reality poses an urgent challenge to ensure energy security, diversify supply sources, and reduce dependence on fossil fuels (coal, oil, gas).
☀️ Green Energy: From Potential to Reality
Facing this challenge, the National Power Development Plan for the period 2021-2030 (Power Development Plan VIII or PDP8) was approved, marking a strong shift towards clean energy.
The objectives of PDP8 are clear:
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Strive for renewable energy sources (such as wind and solar) to account for 30.9% – 39.2% of the total power capacity by 2030.
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Prioritize the development of offshore wind and solar power.
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Specifically, encourage the development of rooftop solar (RTS) for self-consumption, either not selling electricity to the grid or selling it at a price no higher than EVN’s generation cost.
By the end of 2023, Vietnam had experienced a spectacular RTS boom (mainly in the 2019-2020 period), with approximately 101,000 systems installed, reaching a total capacity of about 9,580 MWp.
However, after the massive development phase driven by the Feed-in Tariff (FIT) mechanism, the RTS market is currently stagnating, awaiting a new, more sustainable policy framework focused on the self-consumption model.
🏭 Rooftop Solar: The Solution for Businesses and Households
The “self-consumption” (self-production, self-use) model is the inevitable trend for the RTS market in the coming period. Instead of investing to sell electricity back to EVN, businesses and households are now installing solar to:
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Secure their power supply: Reduce dependence on the grid, which is especially critical during peak hours or when facing risks of power shortages.
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Achieve cost savings: Maximize the use of free energy from the sun, significantly reducing monthly electricity bills, particularly for factories and industrial parks with high daytime electricity consumption.
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Protect the environment: Reduce greenhouse gas (CO2) emissions, enhance their “green business” image, and meet international export standards (ESG).
The current challenge is how to invest effectively, select appropriate technology, and ensure the system operates safely, stably, and in compliance with new regulations from the power sector.
💼 Thinh Phong MCT: Partnering for a Green Energy Future
Grasping this inevitable market trend and the importance of energy self-sufficiency, Thinh Phong Management – Construction – Trade Co., Ltd. (Thinh Phong MCT) has been and continues to affirm its position as a reputable entity in the renewable energy sector.
Beyond its core areas of project management and commercial construction, Thinh Phong MCT recognizes its responsibility and the opportunity to contribute to the nation’s green energy landscape. The company is continuing to accelerate the development of its green energy division, focusing on new-generation rooftop solar solutions tailored for the self-consumption model for businesses and factories.
With a professional, experienced technical team and a deep understanding of current policies, Thinh Phong MCT is committed to delivering optimal solutions:
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Precise Consultation: Analyzing actual electricity consumption needs to design a suitable system configuration, optimizing investment costs and payback period.
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Professional Execution: Ensuring technical safety, project timelines, and the highest quality of installation.
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Operation & Maintenance (O&M): Providing support for system monitoring and maintenance to ensure stable and long-term operational efficiency.
As pressure from electricity costs and energy security mounts, choosing a reliable partner to deploy a rooftop solar system is a strategic decision. Thinh Phong MCT is ready to be your trustworthy partner on the journey toward a green and sustainable future.
📞 Media & Technical Contact:
For detailed consultation on solar energy solutions and technical implementation, please contact:
Nguyen Trung Hau (Technician & Social Media Manager)
Thinh Phong Management – Construction – Trade Co., Ltd.
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Address: 467/13 TTH 21, Tan Thoi Hiep Ward, Ho Chi Minh City
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Phone: +84-919 323 611
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Email: hanhnhan@thinhphongmct.com
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Tax Code: 0313398413
Sources:
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Vietnam Electricity (EVN) – Report on power system operation 2024.
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Ministry of Industry and Trade (MOIT) Vietnam – Decision 500/QD-TTg approving Power Development Plan VIII.
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Aggregated energy statistics from news agencies (VnExpress, Tuoi Tre).
