Driven by the FIT (9.35 cents/watt ) , Vietnam's PV industry boomed last year, newly increased 4.5GW installation at 2019. Since then, Vietnam has set a new renewable energy target approved by the government. The surge in solar projects has exacerbated grid congestion. Nguyen Xuan phuc, the prime minister, called for Vietnam to shift from a feed in tariff policy to an auction by 2020.
The world bank's proposals to Vietnam include specific PV targets (850MW in 2020 and 4GW in 2025), which Vietnam has achieved in 2019. In addition, the proposal includes the establishment of a clear legal framework that clearly defines all market participants and countries.
Because of the booming of PV in Viet Nam, the exhibition of “The Solar Show Viet Nam” which plan to held at early April in Ho Chi Minh City, was overbooked early. Kingfeels also reserved a good booth there.
However, due to the impact of novel corona virus epidemic, the organizer had to postpone the exhibition to July. Although the exhibition has been postponed, our confidence in Vietnam market is still there.
Looking forward to see you in GME center Ho Chi Minh City at July, Kingfeels will bring our new developed roof mounting,ground mounting,cost effective steel structures to the exhibition
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