Vietnam Raises Solar Price Ceilings for 2026 by Up to 16.9%

• Vietnam set 2026 maximum generation prices for solar plants, topping out at VND 2,120.31 per kWh for floating solar with batteries in the north.
• All 12 ceilings are higher than in 2025, by 6.9% to 16.9%, with central Vietnam seeing the biggest increases.
• The decision took effect on signing on Nov. 5; EVN and generators are responsible for implementing it.

Vietnam's Ministry of Industry and Trade set 2026 maximum generation prices for solar plants, topping out at VND 2,120.31 per kWh for floating solar with battery storage in the north. Decision 2946/QĐ-BCT was signed on Nov. 5 and took effect the same day. The ministry posted it on Nov. 9.

The frame has 12 ceilings, excluding VAT, for ground-mounted and floating plants, with and without batteries, in three regions. A ground-mounted plant without storage can be priced at no more than VND 1,591.02 per kWh in the north, VND 1,293.17 in the central region and VND 1,104.32 in the south. The storage ceilings assume a battery of at least 10% of the solar plant's capacity, with two hours of storage and discharge.

Every ceiling went up. Under last year's Decision 988/QĐ-BCT, dated April 10, 2025, the northern ground-mounted cap was VND 1,382.7 per kWh. The central region saw the steepest rises in all four tariff categories, and the south saw the smallest.

The price frame in numbers

• VND 2,120.31 ($0.082) per kWh: floating solar with storage in the north, the highest ceiling, up 13.0% from VND 1,876.57 in 2025 (list.solar calculation).
• VND 1,104.32 ($0.043) per kWh: ground-mounted solar without storage in the south, the lowest ceiling, up 9.1% from VND 1,012.0 (list.solar calculation).
• 16.9%: the largest increase, for ground-mounted plants with batteries in the central region, to VND 1,469.90 (list.solar calculation).
• 44%: how far the northern ground-mounted cap sits above the southern one (list.solar calculation).
• 22%: the premium for floating solar over ground-mounted plants without storage in the north (list.solar calculation).
• 14%: the premium for adding batteries to a ground-mounted plant in the north (list.solar calculation).

The ministry approved the frame on the proposal of its Electricity Authority, citing four reports from state utility Vietnam Electricity (EVN) sent between May 5 and Oct. 19, 2026. It was issued under Circular 09/2025/TT-BCT, which sets the method for price frames. It does not publish the plant costs, output assumptions or exchange rate behind the numbers.

Dak Lak, in the central region, has approved the investment policy for a 452-MW floating solar plant on the Ea Sup Thuong reservoir. The central-region ceiling for floating solar without storage is VND 1,560.63 per kWh.

The decision names EVN's general director and the generating companies concerned as responsible for carrying it out.