@KIZSPRY29?rotection requirements.3
Recently, Vietnam's demand for renewable energy development has increased, and it is actively seeking foreign investment funds to develop the renewable energy market. As of the end of 2018, the total capacity of renewable energy projects accounted for 2.1% of Vietnam's total power generation,the solar power generation capacity registered by investors has exceeded 10 million kW, and more than 100 projects have signed power purchase agreements. According to Vietnam's renewable energy development strategy from 2015 to 2030, the goal is to increase renewable energy power generation
to
42% of the total power generation by 2050. To achieve this goal, the Vietnamese govemment provides investors with a series of preferential measures, including credit access, tax and land rent reduction and exemption, and the application of the pricing mechanism of the solar, wind, and biomass power purchase system [Feedin-Tariff, FIT].
At the same time, to develop the domestic manufacturing supply chain in Vietnam, the Vietnamese govemment promotes industrial upgrading and job creation through the sale of "Made in Vietnam"products and introduces various tax subsidies and other incentive measures. Vietnamese companies
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