They emphasize self-production and self-consumption of solar power, the development of rooftop solar systems, and the promulgation of the direct power purchase mechanism. [1] At the end of 2018, hydropower was the largest source of renewable energy, contributing about 40% to the total national electricity capacity. This boom results from favourable government policies, rapidly growing energy demand and ideal conditions for solar energy. The country's updated Power Development Plan 8 will continue this trajectory, with solar making up most of the. . Vietnam Electricity (EVN), a state-owned enterprise that reports directly to the Prime Minister, is the largest buyer of electricity, and holds a monopoly on transmission and distribution. Electric power is under the jurisdiction of the Ministry of Industry and Trade (MOIT). Recent developments of the regulatory framework governing solar power projects in Vietnam, as discussed below, highlight the country's commitment to renewable energy. . Vietnam is rapidly increasing its reliance on solar power, aiming to generate 16% of its energy from the sun by 2030—a shift driven by significant investments in solar farms across the country.