AusCham Real Estate Symposium 2022

On Thursday, 23^rd June 2022, the 8^th annual ‘Real Estate Symposium’ was held at the Park Hyatt Saigon by Auscham

Our managing director, Thomas Jakobsen, had the opportunity to speak on the topic of Roof Top Solar in Vietnam, and why there was a delay at the moment in new legal framework.

EVN is in many ways a victim of its own success. In Vietnam, power is nearly always available and at a relatively low price. This is a very good situation when comparing regionally. The massive buildout of PV Solar (ground mounted and roof-top) in 2019-2020 was above the expectations (power development plans) agreed in the various parts of the Vietnamese Government.

It is therefore completely natural that there is a “time-out” where EVN evaluates the situation. It has therefore since 2020 been the opinion of Indochina Energy Partners that the best way forward was to propose a legal framework for roof-top solar that would have the lowest impact on EVN, namely a 100% self-consumption model. We expect this to be announced in connection with the (imminent) finalization of the Power Development Plan 8.

Thank you to Kevin Hawkins from DFDL for hosting a lively debate on the topic.