From June 24 to 27, 2025, the China Energy Storage Alliance (CNESA) organized a delegation to Vietnam for an in-depth market study and exchange. The delegation focused on the current status of Vietnam’s energy storage market, policy environment, and industry cooperation opportunities. Through meetings with government agencies, on-site company visits, participation in industry exhibitions, and expert dialogues, the delegation built a bridge for deep collaboration in the energy storage field between China and Vietnam.
Engagement with Government Agencies
Exploring Policy Frameworks and Cooperation Directions
The first stop of the delegation was a visit to the Ministry of Industry and Trade of Vietnam (MOIT), where a closed-door meeting was held with officials from the Department of Electricity and Renewable Energy, Energy Institute, and Trade Promotion Agency. The two sides conducted a systematic discussion on the development plan for energy storage and clean energy in Vietnam, focusing on topics such as policy support systems, renewable energy consumption mechanisms, and cross-border energy storage cooperation models. Vietnamese officials elaborated on the strategic positioning of the energy storage industry, emphasizing that Vietnam is accelerating the construction of a new power system centered on energy storage through policy incentives and innovative market mechanisms. Drawing on the development experience of China’s energy storage industry, the delegation proposed constructive plans on technical standard alignment and project investment paths. Both parties reached a consensus to establish a regular communication mechanism.
On-Site Enterprise Visits
Focusing on Application Scenarios and Commercial Practices
That afternoon, the delegation visited local energy storage enterprises in Hanoi to gain an in-depth understanding of the development and operation models for residential energy storage systems (SES) and commercial & industrial (C&I) storage. In the on-site discussions, the two sides had in-depth exchanges on key issues such as electricity pricing mechanism design, energy storage system integration technologies, and investment return cycles. Vietnamese enterprises shared case studies on distributed energy access and microgrid management. Drawing on China’s experience in C&I storage projects, the delegation proposed innovative solutions such as “solar-storage-charging integration” and “Virtual Power Plant (VPP) aggregation optimization.” Both parties agreed to launch pilot cooperation in areas such as project resource sharing and joint technology R&D, promoting localized adaptation of storage application scenarios and commercial model innovation.
Participation in Industry Exhibition
Gaining Insights into Technology Trends and Market Demand
The delegation also attended the Battery Expo 2025, holding intensive talks with exhibitors from Vietnam, China, South Korea, Japan, and other countries. At the exhibition, the delegation focused on cutting-edge areas such as lithium battery technology iteration and energy storage system safety management, and engaged in pragmatic discussions with local energy storage equipment manufacturers and system integrators on topics like mutual recognition of technical standards and supply chain coordination. On-site research showed that although Vietnam’s energy storage market is still in its early stages, market demand driven by policy is being rapidly unleashed—particularly in renewable energy storage projects, which are attracting significant international capital and technological attention.
Expert Dialogues and Industry Platform Connections
Building a Long-Term Cooperation Network
The delegation held themed seminars with Vietnamese renewable energy technology experts, representatives from the Ministry of Finance, and the Vietnam Clean Energy Association (VCEA).
In discussions with technical experts, both sides explored the key role of energy storage in the coordinated development of “generation-grid-load-storage,” focusing on technical challenges in renewable energy grid integration and grid flexibility enhancement. A preliminary cooperation intention was reached on jointly launching energy storage demonstration projects between China and Vietnam.
In talks with representatives from Vietnam’s Ministry of Finance, the delegation gained a deep understanding of green investment policies in the northern region, with a focus on tax incentives and cross-border capital flow—laying a policy foundation for Chinese companies investing in storage projects in Vietnam.
In discussions with the Vietnam Clean Energy Association, both parties engaged in systematic discussions on the construction of energy storage standard systems, mechanisms for alliance cooperation, and talent development. A joint initiative was proposed to establish a China-Vietnam energy storage industry cooperation memorandum, promoting institutionalized cooperation in policy research, technical exchange, and project matchmaking.
This tightly scheduled and content-rich mission enabled the delegation to gain a deep understanding of the strategic opportunities and challenges in Vietnam’s energy storage market through multidimensional and multilevel exchanges. Looking ahead, the two sides will take this visit as a starting point to accelerate the implementation of energy storage technologies, project investments, and industry chain collaboration, jointly advancing Vietnam’s energy transition and realization of its “net-zero” targets, and injecting new momentum into the development of the global energy storage industry.
CNESA’s Global Energy Storage Market Tour focuses on three strategic regions: Southeast Asia, Central and Eastern Europe, and Latin America. Through a three-pronged approach of “policy penetration + technical alignment + project implementation,” the program supports the global expansion of Chinese energy storage enterprises. The first leg in the UK and the second leg in Vietnam have now been successfully concluded! Meanwhile, the 14th Energy Storage International Conference and Expo (ESIE 2026), to be held in Beijing in April 2026, will offer Chinese companies more international perspectives and practical cooperation opportunities.