Inheriting research & development background since 1975, SolarBK is proud to be a pioneer in laying the groundwork for clean energy industry in Vietnam and is now a leading company in this field.
To carry out the mission of applying clean energy into everyday life, we have researched and developed many solutions to make Solar power energy more diverse, convenient and cheaper.
From incentives to competition: SolarBK shaping Vietnam’s clean energy market
Publish date 29/10/2025
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After a period of rapid growth driven by Feed-in Tariff (FIT) incentives, Vietnam’s renewable energy industry is now entering a new chapter — one of competition, transparency, and real value.
Where success once relied on government support, today it depends on operational efficiency, technological capability, and the ability to create system-wide impact.
In this context, SolarBK, a pioneering Vietnamese clean energy company, stands as a prime example of proactive adaptation. Rather than waiting for incentives, SolarBK has focused on building market resilience and sustainable value, actively contributing to shaping Vietnam’s energy policy in the post-FIT era.
Clean energy solutions implemented by SolarBK are gradually expanding across industrial zones, helping optimize operations and reduce emissions in production.
Post-FIT: A market in transition
The FIT mechanism served as a “historic catalyst,” helping Vietnam achieve over 16.5 GWp of solar power in just two years (2019–2021, according to IRENA). Yet, this policy applied only to projects reaching COD under Decision No. 13/2020/QĐ-TTg and officially expired at the end of 2021.
Since then, Vietnam has moved toward competitive pricing and auction-based mechanisms , as outlined in Decree 57/2025/NĐ-CP, signaling a shift toward a market-regulated approach similar to mature renewable economies.
This transition means that businesses are no longer guaranteed fixed purchase prices (FIT). Instead, they must demonstrate competitiveness, in technology, finance, and their contribution to national energy stability.
SolarBK: From technology provider to market enabler
Rather than waiting for new mechanisms, SolarBK has redefined its role early on, focusing on three strategic pillars:
1.Maximizing system value – not just capacity
SolarBK views solar power not merely as electricity generation but as part of a broader sustainable energy ecosystem.
It has invested heavily in battery storage (BESS), energy management systems (EMS), and data analytics, enhancing grid flexibility and reducing stress on the national system.
Flagship projects include clean energy systems for Trường Sa and DK1, affirming “Made in Vietnam” capability under extreme conditions; solar installations across Vincom Retail centers nationwide, reducing emissions and energy costs; and the LEGO factory rooftop solar system in Bình Dương, a green landmark for Southeast Asia.
The solar energy system supplied by SolarBK for the LEGO factory, one of Southeast Asia’s exemplary green industrial models, demonstrates the capability of a Vietnamese enterprise to meet international energy standards.
Bridging policy and business
SolarBK actively participates in national and international energy forums, sharing project data and insights to support the design of Vietnam’s Direct Power Purchase Agreement (DPPA) market.
The company believes that energy players should not only benefit from policy but help shape it — through evidence, technical feedback, and practical experience.
This approach positions SolarBK as a bridge between the private sector and policymakers, promoting a more transparent and effective energy transition in Vietnam.
Localizing innovation
SolarBK pursues clean energy technology localization, from solar panels and controllers to digital monitoring platforms.
This strengthens Vietnam’s renewable energy supply chain, reduces import dependence, and enhances long-term competitiveness.
The growing adoption of solar power in urban areas reflects the transition from incentive-based policies to a competitive market, where system value and sustainability are placed at the forefront.
Smart policy for a new era
According to the Global Solar Council (GSC), post-FIT growth requires a System Value Pricing model — pricing clean energy based on its contribution to grid stability, regional security, and system efficiency.
Vietnam is approaching this direction via Power Development Plan VIII adjustments and DPPA pilots, allowing direct clean energy contracts between producers and industrial consumers.
This creates new opportunities for SolarBK, not only as a technology provider but as a data-driven market solutions partner.
Conclusion: When Vietnamese enterprises define the future
As incentives fade, only businesses that deliver real, sustainable value will stand strong.
With its vision of “Sustainable Energy for the Future,” SolarBK exemplifies how a Vietnamese enterprise can lead by innovation, self-reliance, and long-term vision, transforming from a recipient of support into a shaper of the clean energy era.
