HANOI: The Ministry of Industry and Trade (MoIT) has had a change of heart on the bidding mechanism for solar power tariffs in Việt Nam. In the middle of last month, the ministry was still studying a bidding plan for solar projects in the country. However, it now says using a bidding mechanism for solar […]
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
BRUSSELS, BELGIUM: The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the […]
Vietnam Goes Big on Solar Power
Solar power is making a strong showing in Vietnam after years of shuttling from one extreme to the other, with the nation looking sometimes like it would revert to coal, and other times like it would invest in renewable energy. By the end of last year Vietnam had surpassed Malaysia and Thailand to reach the […]
Vietnam retains high prices to encourage solar growth
Vietnam Electricity (EVN) has agreed to keep the current feed-in tariff of 9.35 US cents per kWh for rooftop solar power until next year as recommended by the Ministry of Industry and Trade. The ministry had said it was essential to maintain this tariff until 2021 to encourage the development of rooftop solar. The […]
JICA investment in LEAP Fund to provide project finance for solar power plant in Vietnam
On January 22, the Asian Development Bank (ADB) signed a $37.8 million loan agreement with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide the first project finance for solar power project in Vietnam. $7.6 million of which will be provided in the form of a concessional non-parallel loan to be drawn from […]
Vietnam to lower tariffs for solar power
The Ministry of Industry and Trade has proposed a new feed-in tariff 32 percent lower than the earlier incentive rate. It wants a fixed rate of 7.09 cents per kWh, down from the 9.35 cents offered to projects completed before June 30 last year, it said in a recent proposal to the government. The […]
In the Race to Power Vietnam, Green Energy Grows Faster Than Policies Can Catch Up
For a few months earlier this year, it seemed like there was no stopping the wave of renewable energy projects coming online in Vietnam. In March, the Srepok 1-Quang Minh solar power plant, Vietnam’s largest at the time, opened in Dak Lak Province. In September, it was surpassed by the Dau Tieng Solar Power […]
Applying the incentive regulations of Fit-in Tari (FIT) price for the solar power projects in Vietnam
[ Legal Updates ] Applying the incentive regulations of Fit-in Tari (FIT) price for the solar power projects in Viet Nam New updates on the policy of applying the incentive regulations of Fit-in Tari (FIT) price for the solar power projects in Viet Nam. After the Prime Minister promulgated the Decision No. 11/2017/QD-TTg dated April […]
Chinese electric bikes disguised as Vietnamese goods into US to enjoy low duty
Chinese electric bicycles have been disguised as Vietnamese goods into the US to avoid high tariff, said Head of the General Department of Customs’ Post Clearance Audit Department Nguyen Tien Loc yesterday in Hanoi. He made the statement in the press brief about trade frauds, origin fraud and post clearance check. Mr. Loc said from […]
Vietnam to Punish Firms for Trade Fraud in China-Product Probe
Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass U.S. tariffs. The unidentified companies, which assemble bicycles, electric bikes and wooden shelves, admitted to the violations, according to a government statement. Vietnam’s customs department […]
