return icon

Rooftop solar power offers saving solution during COVID-19

Despite the impact of the COVID-19 pandemic and many countries limiting customs clearance, solar power enterprises with manufacturing plants in Vietnam are still taking advantage of the domestic market to serve customers and sustain growth.

Rooftop solar power offers saving solution during COVID-19 hinh anh 1

A roof-top solar power system is installed on a house in central Vietnam 


Nguyen Ngoc Quynh, Chief Business Officer and representative of the HCM City-based Bach Khoa Solar Energy Company (SolarBK), said various COVID-19 solutions had been offered to preserve the market from damage from the pandemic.

She said the global spread of COVID-19 had boosted the Photovoltaic (PV) market in Vietnam this year since the social distance order had restricted trade, while solar panels were imported from foreign countries.

“Our company has offered two solutions – the BigK solar power, BigK Basic and BigK Advance – to meet the need of customers since March 2020. It means that a household that installed a system of 4KWp of the BigK Basic solution would earn its breakeven point in four years and eight months, two months shorter than before,” Quỳnh said.

“The above solutions were considered a safe and effective investment channel during the peak power consumption in the dry season next month,” she said.

She said with the new purchase price from the Government, many customers have become interested in BigK solutions to ease power consumption in summer, and SolarBK could provide competitive made-in-Vietnam PV panels to reduce investment for households and provide a favourable guarantee policy as well.

Quynh added that many businesses had suffered heavy damage as economic activities were suspended due to COVID-19, but banks could offer loans for customers.

According to independent research by the Vietnam National Economics University, if the COVID-19 pandemic lasts until the end of June, September or the end of the year, 6.1 percent of Vietnamese enterprises would maintain their operation, while 19.3 percent will have to reduce production scale. Meanwhile 39.3 percent would go bankrupt.

The stock market is now risky as Vietnam’s economy could fall into the red, while different countries had to shut down their markets in order to limit the spread of COVID-19.

Deputy General Director of the Electricity of Vietnam (EVN)’s HCM City branch Bui Trung Kien said power use increased more than in previous years during the social distancing order.

He said students and labourers had to stay at home as their schools and workplaces were forced to shut down.

He said that EVN indicated the power consumption nationwide in March had increased by 8.55 percent over the same period last year. Two economic hubs – Hanoi and HCM City – had 17 percent and 13 percent rises, respectively

He said household solar power installation could help save home power use cost during the social distancing period.

Recently, the Prime Minister also issued Decision 13/2020 / QD-TTg (known as Decision 13) on the incentive programme to encourage development of solar energy in Vietnam

It offers the buyback rate of PV rooftop at 1,943 VND per KWh (0.0935 USD per KWh) for all solar power projects operating after June 30, 2019 and December 31, 2020. The decision has earned confidence and encouragement among solar power investors during the COVID-19 pandemic.

Nguyen Dinh Chien, a customer in Tan Binh district, HCM City, said he decided to install a roof-top solar power system to gain benefits from the government’s solar power buy-back policy, while reducing power use costs.

“My family uses on average 600 kWh of power each month, so a BigK 3kWp roof-top solar power system would help reduce half of power cost from the Government’s solar power buy-back policy,” he said./.VNS

Is it time for rooftop solar power?

Is it time for rooftop solar power?

Industrial zones as well as supermarkets and large real estate developers have begun designing rooftop solar power systems for their new projects.

Rapid growth forecast for solar rooftop energy industry

Rapid growth forecast for solar rooftop energy industry

Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.


8 million farming households excluded out of poultry, pig market

Vietnam is among the world’s top countries in total numbers of poultry and pigs, but the market is being gradually acquired by foreigners. About 8 million farming households have been weeded from the market.

You’d be nuts not to try Binh Phuoc's quality cashews

Cashew nuts have put this place firmly on the map, and locals living here serve up the delicacy with added ingredients of love and pride.

YouTube to be removed from TVs if it contains 'dirty' content

Cross-border social media, such as Facebook, TikTok and YouTube, will be prohibited in Vietnam if they are uncooperative. The Ministry of Information and Communications (MIC) says it will be firm when handling violations to ensure a clean cyberspace.

Vietnam considers giving visa waiver for golf tourists

Tourism experts have recommended allowing a unilateral visa waiver for 30 days for golf tourists and tourists travelers on special airplanes.

VN to universalize personal digital signature to develop digital economy

Many Vietnamese digital signature authentication service providers are seeking answers about the use of one digital signature for individual citizens.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Russian film companies to join Telefim Vietnam 2023

Eighteen Russian firms will attend the International Exhibition of Film, Technology, Radio and Television (Telefim Vietnam) 2023 that will take place in Ho Chi Minh City from June 8-10.

VN to consider downgrading COVID-19 to flu-like status

According to the health ministry's statistics, to date, Vietnam has recorded over 11.6 million COVID-19 infections, with total recoveries logged at 10.63 million.

Bronze age artefacts found in Dak Nong

The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years.


Vietnamese nationals rescued from Philippine human trafficking ring return home

Nha Trang Sea Festival director dies in accident

A Khanh Hoa Television Station director has died after falling off a scaffold while conducting an inspection of the grandstands of the Nha Trang Sea Festival 2023 on Monday.

Khanh Hoa reclaims resort mansion of late King Bao Dai

Authorities in the central coastal province of Khanh Hoa have just reclaimed a complex of five French style villas which used to host late King Bao Dai and his family during their holidays for better preservation.

Vietnam among top three attractive destinations for RoK visitors

Vietnam is among the top three most favourite tourist destinations for Korean visitors in Asia, according to statistics from KB Kookmin Card of the Republic of Korea (RoK).


Vietnam's GDP growth slows in Q1 ahead of expected recovery

VN received 4.6mil foreign visitors in five months, over half the year’s target

Vietnam welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, according to the latest report from the General Statistics Office (GSO).