Solar power
Điện mặt trời
This activity covers the generation of electricity using solar energy through photovoltaic systems or solar thermal systems.
Includes
- Photovoltaic electricity generation
- Solar thermal electricity generation
Excludes
- Production of solar panels
- Installation of solar energy systems
Foreign ownership
This activity is not on Vietnam’s market-access negative list. A foreign investor may hold up to 100%, subject to the ordinary IRC and ERC licensing and the capital expectations below.
Recommended route
Wholly foreign-owned LLC
Up to 100% foreign equity, one or more members
Joint-stock company
For multiple shareholders or a later listing
Branch office
Extension of a foreign parent (limited sectors)
Registration path
- 1
IRC
Investment Registration Certificate from the DPI
- 2
ERC
Enterprise Registration Certificate (the company itself)
- 3
Post-licensing
Seal, corporate bank account, tax and e-invoicing
- 4
Sub-licence
Sector permit, if the activity is conditional
Emerhub files each step with the authorities; you provide the documents and information.
Charter capital
| Situation | VND | USD |
|---|---|---|
| Most business linesVietnam sets no statutory minimum charter capital for most sectors. The registered charter capital must be credible for the project and fully contributed within 90 days of the Enterprise Registration Certificate. Foreign-invested projects are assessed on capital adequacy at the Investment Registration Certificate stage.. Legal basis: Law on Enterprises 2020 (No. 59/2020/QH14), Art. 47, 75, 113; Law on Investment 2020. | No floor | No floor |
Bold is the figure the law sets; the other column is an approximate conversion at ₫25,400 to USD 1. Vietnam sets no general minimum for most sectors.
Tax incentives & priority sectors
This activity is on Vietnam’s list of investment-incentive sectors. A qualifying project may receive preferential corporate income tax, tax holidays, and import-duty exemptions.
Production of renewable energy, clean energy, and energy from waste
Preferential CIT rate of 10% for 15 years with 4-year exemption plus 9-year 50% reduction; import duty exemption on machinery/equipment for fixed assets.
Legal basis: Decree 31/2021/ND-CP, Appendix II Section B (environmental protection/energy group)
This code is a close match to the named priority activity, not an exact quote, so confirm the fit.
Development, operation and management of urban mass-transit/public transportation systems and related infrastructure
Preferential CIT rate of 10% for 15 years with 4-year exemption plus 9-year 50% reduction.
Legal basis: Decree 31/2021/ND-CP, Appendix II Section B (infrastructure group)
This code is a close match to the named priority activity, not an exact quote, so confirm the fit.
Incentives also depend on where you invest: economic zones, hi-tech parks, and areas with difficult socio-economic conditions add their own tax and land benefits. Emerhub can model your total incentive.
Based on the Law on Investment 2020 incentive lists and the Corporate Income Tax law. Final eligibility is confirmed at licensing, so confirm current status before you rely on it.