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Incentives are applicable to rooftop solar power installed in residential, commercial and corporate buildings for self-consumption without selling electricity to other organisations or individuals.
Weeks after the Vietnamese prime minister approved the national power development plan for 2021-2030 (PDP8), Hanoi and other major northern cities of Vietnam experienced serious electricity supply crunch.
Households and offices that install rooftop solar panels will enjoy a number of incentives such as tax and fee breaks and preferential loans, according to the Ministry of Industry and Trade (MoIT).
Rooftop solar power installations for private use will be exempt from various licence fees and may be eligible for tax and interest rate incentives.
Vietnam may require a more active planning process and appropriate policies to reach its offshore wind capacity goal of 6GW by 2030. A proposal from Electricity of Vietnam (EVN) to engage in 4,000MW of offshore wind power in the Gulf of Tonkin faces obstacles, according to Ngo Quoc Phuong, deputy director of EVN’s Investment Management Department. “Some current regulations pertaining to offshore wind power are inadequate,” Phuong stated after...