Vietnam Energy Storage Machinery and Equipment Procurement

4 FAQs about Vietnam Energy Storage Machinery and Equipment Procurement

Is Vietnam a key player in the global battery supply chain?

Development of domestic battery manufacturing capacity is therefore critical. Vietnam has significant nickel and cobalt reserves, making the country well poised to become a key player in the global battery supply chain with government support and international cooperation.

Is T&T launching a joint-venture battery storage project in Vietnam?

Notably, T&T Group, a major renewable investor with a portfolio of over 2,800MW across wind, solar, and LNG-to-power projects in Vietnam, recently announced a plan to launch joint-venture battery storage products in 2026, aiming to build Vietnam into a manufacturing and technology hub for renewable energy equipment. 5

Why should Vietnam invest in solar power?

Vietnam can leverage domestic solar manufacturing to meet domestic demand, implement direct power purchase agreements (DPPAs) enabling private renewable supplies, accelerate grid and battery storage infrastructure, and avoid costly LNG imports by prioritizing renewables.

Could Vietnam replace fixed feed-in tariffs with standardized auctions?

As global costs for solar, wind, and battery storage systems fall, Vietnam could replace fixed feed-in tariffs (FiTs) with standardized competitive auctions to procure clean energy at the lowest cost.