In Vietnam's power development plans in recent years, there has been great development in the installed capacity of new solar power system generation and the use of new technologies to promote the construction of smart grid. In 2020, the installed capacity of PV in Vietnam will reach 13.437GW (ground+roof). With the rapid increase of China's PV products exports, the rise of overseas pv mounting systems emerging markets is even more noticeable, and the outbreak of Vietnam market from Asia in recent two years is even more noticeable. In 2019, Vietnam became the second exporter of photovoltaic products in China, and its export volume accounted for more than 80% of the growth rate in 2018

Through Vietnam's National Energy Development Plan from 2020 to 2050, energy diversification and energy-saving technologies were introduced, which promoted sustainable energy development.

The Vietnam National Energy Development Plan from 2020 to 2050 has roughly set four goals:

1. Expand energy supply to coal and oil

2. Restructuring of energy market

3.Establish a modern intelligent power grid

4. Improve the power efficiency outside the city

According to IEEFA (Institute of Energy Economics and Financial Analysis), Vietnam has the highest potential in the development of energy and power industry among Southeast Asian countries, and the newly installed capacity will reach more than double the existing installed capacity.

Vietnam's domestic power industry has great development potential, and foreign capital also actively participates in the construction of Vietnam's power industry. In the power market of Vietnam, energy management system (EMS), energy storage device (ESS) and EV charging infrastructure are the most attractive.

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