Vietnam photovoltaic inverter exports

How many solar PV jobs will Vietnam have by 2030?

Job creation in manufacturing is expected to reach nearly 20,000 full-time equivalents by 2030. Most of these jobs will be export driven and depend on Vietnam maintaining its current share of the global solar PV market. That, in turn, will depend on the country retaining its attractiveness to international solar PV manufacturers.

What is solar PV employment in Vietnam?

Solar PV–related employment in Vietnam will derive from (i) development and operation of solar PV power plants, and (ii) manufacturing of equipment. The first category comprises jobs in development, design, construction, and commissioning of solar PV plants.

Which countries are supporting Vietnam's solar PV project?

Germany’s GIZ, the United Nations Development Programme (UNDP), and the World Bank have been supporting the Government of Vietnam by recommending solar PV deployment options and conducting geospatial analysis.

Does Vietnam need a solar deployment strategy?

Vietnam is a major manufacturer of solar photovoltaic equipment and currently exports most of its production. A strong solar deployment strategy could shift the focus toward domestic use. Vietnam holds 7 percent of the global solar photovoltaic market and produces enough cells and panels each year to generate 5 GW of electricity.

Is Vietnam a good country for solar energy?

Vietnam’s competitiveness lags behind that of China, Malaysia, and Thailand in all solar PV industries except for frames and structures. Vietnam’s key strengths are in production factors, particularly the labor market, the availability of materials for solar industries (particularly steel), and a favorable cost of energy for industrial consumers.

Can solar projects be financed in Vietnam?

Owing to the current contractual structure proposed by the government, most solar projects in Vietnam are expected to be financed under a corporate loan or at 100 percent equity, with refinancing possible at a later stage.