Vietnam Building Integrated Photovoltaics Facade Market Size, Share, Growth Drivers, Trends, Opportunities & Forecast 2025–2030

Vietnam Building Integrated Photovoltaics Facade Market Overview

• The Vietnam Building Integrated Photovoltaics Facade Market is valued at approximately USD 15 million, based on a five-year historical analysis of the broader building-integrated photovoltaics market in the country. This growth is primarily driven by the increasing demand for sustainable building solutions, government incentives promoting renewable energy, and the rising awareness of energy efficiency among consumers and businesses. The integration of photovoltaic technology into building facades is becoming a preferred choice for high-performance commercial and institutional buildings, premium residential projects, and green-certified developments, reflecting a shift towards greener urban development.
• Key cities such as Ho Chi Minh City, Hanoi, and Da Nang dominate the market due to their rapid urbanization, significant construction activities, and government initiatives aimed at reducing carbon emissions. These urban centers are witnessing a surge in high-rise buildings, Grade A office towers, mixed-use complexes, and hospitality projects that increasingly consider building-integrated photovoltaics (BIPV) on facades, roofs, and glazed surfaces to enhance energy efficiency and sustainability, making them pivotal players in the market.
• In 2023, the Vietnamese government approved the National Power Development Plan for the period 2021–2030, with a vision to 2050 (PDP 8), under Decision No. 500/QD-TTg issued by the Prime Minister, which emphasizes the integration of renewable energy sources, including solar technologies applicable to BIPV systems, into the national power mix. This regulation encourages higher shares of renewable energy, promotes rooftop and distributed solar, and supports green and energy-efficient buildings through mechanisms such as power purchase agreements, preferential grid access, and alignment with national energy transition and carbon-neutrality goals, thereby fostering a conducive environment for the growth of the BIPV facade market.

Vietnam Building Integrated Photovoltaics Facade Market Segmentation

By Product Type:The product type segmentation of the market includes various facade-integrated solutions that cater to different architectural needs and preferences. The subsegments include BIPV Curtain Wall Systems, BIPV Spandrel Panels, BIPV Vision/Window Glass, BIPV Sunshades & Louvers, and Others (balustrades, skylights, canopies). Each of these subsegments plays a crucial role in enhancing the aesthetic appeal and energy efficiency of buildings.

The BIPV Curtain Wall Systems subsegment is currently dominating the market due to their versatility and ability to provide both structural support and energy generation. These systems are increasingly favored in commercial and institutional buildings, where building envelopes with large glazed areas are used to combine aesthetics, daylighting, and on-site renewable generation. The growing trend of green architecture, pursuit of green building certifications, and the need for sustainable building practices in Vietnam’s tier-1 cities are driving the demand for curtain wall systems, making them a preferred choice among architects and developers.

By Cell/Module Technology:The cell/module technology segmentation includes Crystalline Silicon (Mono & Poly), Thin-Film (a-Si, CdTe, CIGS), Emerging Technologies (perovskite, tandem, organic PV), and Hybrid & Customized Solutions. Each technology offers unique advantages in terms of efficiency, cost, and application suitability, catering to diverse market needs.

Crystalline Silicon technologies dominate the market due to their high efficiency, mature supply chains, and established manufacturing processes globally and in Asia. These technologies are widely adopted in both residential and commercial applications, providing reliable energy generation and compatibility with a range of facade and glazing products. The increasing focus on energy efficiency, declining costs of crystalline silicon modules, and strong availability of crystalline-based BIPV glass and facade products from international suppliers are further propelling their market share, making them the leading choice for BIPV applications in Vietnam.

Vietnam Building Integrated Photovoltaics Facade Market Competitive Landscape

The Vietnam Building Integrated Photovoltaics Facade Market is characterized by a dynamic mix of regional and international players. Leading participants such as SolarBK Group (Vietnam), BCG Energy (Bamboo Capital Group, Vietnam), TTC Energy (Thanh Thanh Cong Group, Vietnam), Trungnam Group (Vietnam), Vu Phong Energy Group (Vietnam), Dat Bike Solar & Energy Solutions (Vietnam), First Solar Vietnam Manufacturing Co., Ltd., Saint-Gobain Vietnam (Vetrotech & solar glazing solutions), NSG Group / Pilkington (architectural solar glass in Vietnam), JinkoSolar Co., Ltd., Canadian Solar Inc., LONGi Green Energy Technology Co., Ltd., Trina Solar Co., Ltd., Hanwha Q CELLS Co., Ltd., REC Group contribute to innovation, geographic expansion, and service delivery in this space.

Vietnam Building Integrated Photovoltaics Facade Market Industry Analysis

Growth Drivers

• Increasing Demand for Sustainable Building Solutions:The Vietnamese construction sector is witnessing a significant shift towards sustainable building practices, with over 30% of new projects incorporating green technologies. This trend is driven by a growing awareness of environmental issues and the need for energy-efficient solutions. The World Bank reported that Vietnam's energy consumption is projected to increase by 8% annually, highlighting the urgent need for sustainable alternatives like building integrated photovoltaics (BIPV) to meet energy demands.
• Government Incentives for Renewable Energy Adoption:The Vietnamese government has implemented various policies to promote renewable energy, including a feed-in tariff of 2,086 VND per kWh for solar energy. In future, the government aims to increase the share of renewable energy in the national energy mix to 20% by 2030. These incentives are crucial for encouraging investments in BIPV technologies, as they reduce the financial burden on developers and promote wider adoption across the construction industry.
• Rising Energy Costs Driving Energy Efficiency:Vietnam's energy prices have increased by approximately 5% annually, prompting businesses and homeowners to seek more efficient energy solutions. The average electricity price in Vietnam reached 1,864 VND per kWh in future, making energy efficiency a priority. BIPV systems not only reduce energy costs but also provide a sustainable energy source, making them an attractive option for new constructions and renovations in urban areas.

Market Challenges

• High Initial Investment Costs:The upfront costs associated with BIPV installations can be a significant barrier, with average installation costs ranging from 15,000,000 to 25,000,000 VND per square meter. This high initial investment can deter potential adopters, especially in a market where many developers prioritize short-term returns. As a result, financing options and cost-reduction strategies are essential to encourage broader adoption of BIPV technologies in Vietnam.
• Limited Consumer Awareness and Education:Despite the benefits of BIPV, consumer awareness remains low, with only 20% of the population familiar with the technology. This lack of understanding can hinder market growth, as potential customers may be reluctant to invest in unfamiliar solutions. Educational campaigns and outreach programs are necessary to inform consumers about the advantages of BIPV, including energy savings and environmental benefits, to stimulate demand in the market.

Vietnam Building Integrated Photovoltaics Facade Market Future Outlook

The future of the Vietnam Building Integrated Photovoltaics Facade Market appears promising, driven by increasing urbanization and a strong governmental push for renewable energy. As cities expand, the demand for energy-efficient buildings will rise, leading to greater adoption of BIPV technologies. Additionally, advancements in photovoltaic materials and integration with smart technologies will enhance the appeal of BIPV solutions, making them more accessible and cost-effective for developers and consumers alike.

Market Opportunities

• Expansion of Green Building Initiatives:The Vietnamese government has set ambitious targets for green building certifications, aiming for 50% of new buildings to meet green standards in future. This initiative presents a significant opportunity for BIPV technologies, as they align with the criteria for sustainable construction, encouraging developers to incorporate these solutions into their projects.
• Development of Smart City Projects:Vietnam's commitment to developing smart cities, with an investment of over 1 billion USD in urban infrastructure in future, creates a fertile ground for BIPV integration. These projects often prioritize energy efficiency and sustainability, making BIPV an ideal solution to meet the energy needs of modern urban environments while enhancing the aesthetic appeal of buildings.