On 12 April 2019, the Ministry of Industry and Trade of Vietnam ("MOIT") released the third draft ("Third Draft") of the Decision of the Prime Minister on the mechanism for encouraging the development of solar power in Vietnam, applicable from 1 July 2019 ("Draft Decision").
In addition to proposing new Feed-in-Tariffs for application from 1 July 2019 through to 31 December 2021, the Draft Decision sets out guidelines and requirements for rooftop solar power systems in Vietnam to replace the current Decision No. 11 in 2017 as amended by Decision No. 02 in early January 2019.1
The Third Draft continues to recognize a "direct power sale and purchase" model (as defined below) for rooftop solar power systems with an installed capacity of less than 1MWp. The Third Draft leaves unchanged (compared to the second draft) the specific FiT rates for "rooftop solar power systems".