EVN to stop buying output from new rooftop solar power projects

The Vietnam Electricity Group (EVN) on December 26 announced that it would stop purchasing electricity from rooftop solar power projects developed after December 31 until the prime minister issues a new decision.

According to EVN, the prime minister’s Decision 13/2020/QD-TTg on mechanisms to promote the development of solar power in Vietnam will become invalid after December 31 and a new decision has yet to be issued, the local media reported.

EVN to stop buying output from new rooftop solar power projects

Power companies under EVN will make a list of rooftop solar power projects which will be put into commercial operation by December 31.

As for projects wherein part of them will be operated by December 31, power companies will sign agreements with the investors of these projects to determine the scale and capacity of the operated portion.

 

At present, the Electricity and Renewable Energy Department under the Ministry of Industry and Trade is coordinating with consulting agencies to study the model and scale of rooftop solar power projects and the price of electricity generated from these projects. In the first quarter of next year, the department will propose draft policies to encourage the development of rooftop solar power in the next periods so that the Ministry of Industry and Trade can submit them to the prime minister for approval.

As of December 25, 83,000 rooftop solar power projects with a total capacity of nearly 4,700 megawatt peak have been connected to the national grid. More than 1.13 billion of kilowatt hours of electricity has been generated from rooftop solar power projects, contributing to ensuring sufficient power for the country.

SGT

Vietnam’s solar success story and notes for investors (Part 1)

Vietnam’s solar success story and notes for investors (Part 1)

Vietnam has overtaken Thailand to take the lead in Southeast Asia’s solar power market.

 
 

Other News

.
Vietnamese enterprises need cash to revive
Vietnamese enterprises need cash to revive
FEATUREicon  07/10/2021 

Nguyen Quoc Ky, Chairman of Vietravel, a big tourist company in Vietnam, said that due to the impact of the 4th wave of Covid-19 epidemic, the entire tourism industry of Vietnam has been closed since May 2021.

Business associations unhappy with weekly tests for vaccinated, recovered workers
Business associations unhappy with weekly tests for vaccinated, recovered workers
BUSINESSicon  07/10/2021 

Several business associations in HCM City have called for scrapping a requirement that workers commuting to the city from elsewhere need to undergo a weekly test for COVID-19 regardless of their vaccination or recovery status.

Govt' to consider zero-interest loans for all airlines
Govt' to consider zero-interest loans for all airlines
BUSINESSicon  07/10/2021 

The Vietnam Aviation Business Association asked the Government to consider a proposal to slash 30 per cent off the airlines' income tax for 2020 and the first half of 2021.

Vietnam’s power development plan to boost LNG sector
Vietnam’s power development plan to boost LNG sector
BUSINESSicon  06/10/2021 

The outlook for Vietnam’s emerging liquefied natural gas (LNG) sector remains promising as the country’s need for the product is large to serve its power development plan, according to Fitch Solutions.

Serious worker shortage looms as factories resume operations after prolonged lockdown
Serious worker shortage looms as factories resume operations after prolonged lockdown
BUSINESSicon  06/10/2021 

Companies in HCM City and other industrial hubs like the neighbouring provinces of Binh Duong and Dong Nai are struggling with a labour shortage after the pandemic.

Vietnamese products at risk of trade violation investigations
Vietnamese products at risk of trade violation investigations
BUSINESSicon  06/10/2021 

The Trade Remedies Authority of Vietnam (TRAV) have warned that Vietnamese products are at risking of falling foul of anti-dumping and trade defence investigations. 

State to divest from six major enterprises, raking in US$600-800 million in Q1/2022
State to divest from six major enterprises, raking in US$600-800 million in Q1/2022
BUSINESSicon  06/10/2021 

The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VND15 trillion and VND20 trillion (US$652-870 million) for the State budget.

VIETNAM BUSINESS NEWS OCTOBER 6
VIETNAM BUSINESS NEWS OCTOBER 6
BUSINESSicon  06/10/2021 

Enterprises survive the COVID-19 storm

Lefaso rejects rumours on Nike’s moving production out of Vietnam
Lefaso rejects rumours on Nike’s moving production out of Vietnam
BUSINESSicon  05/10/2021 

Recent rumours spreading on social media on Nike’s moving production out of Vietnam to China and Indonesia are incorrect, stated Phan Thi Thanh Xuan, Vice Chairwoman and General Secretary of the Vietnam Leather and Footwear Association.

Evergrande’s debt bomb a lesson for Vietnam
Evergrande’s debt bomb a lesson for Vietnam
FEATUREicon  06/10/2021 

Experts believe that the huge debt of $300 billion incurred by Chinese Evergrande will have an indirect impact on Vietnam.

Vietnam fails to collect tax from cross-border e-commerce
Vietnam fails to collect tax from cross-border e-commerce
FEATUREicon  06/10/2021 

As trading activities on e-commerce platforms bring huge profits, collecting tax has become a burning issue for many countries.

Red boards with this phrase appear densely on Hanoi streets
Red boards with this phrase appear densely on Hanoi streets
BUSINESSicon  05/10/2021 

“Shop for rent”, “space for rent”, “house for rent”, … are the phrases that appear most on the streets of Hanoi after two months of social distancing.

Ministry forecasts Vietnam’s GDP growth this year at 3%-3.5%
Ministry forecasts Vietnam’s GDP growth this year at 3%-3.5%
BUSINESSicon  05/10/2021 

The Ministry of Planning and Investment has projected the country’s gross domestic product (GDP) growth in 2021 at 3%-3.5%, down 0.5 percentage points from the rate forecast in September.

Businesses reopen in HCM City, but challenges remain
Businesses reopen in HCM City, but challenges remain
BUSINESSicon  05/10/2021 

After months of social distancing the reopening of the HCM City economy on October 1 has brought cheer to both businesses and the public.

VIETNAM BUSINESS NEWS OCTOBER 5
VIETNAM BUSINESS NEWS OCTOBER 5
BUSINESSicon  05/10/2021 

 Project aims to enhance trade remedy capacity as Vietnam joins new-generation FTAs

Hanoi removes 28 administrative procedures in investment
Hanoi removes 28 administrative procedures in investment
BUSINESSicon  05/10/2021 

Hanoi’s authorities have decided to remove 28 administrative procedures in the field of investment.

VIETNAM BUSINESS NEWS OCTOBER 4
VIETNAM BUSINESS NEWS OCTOBER 4
BUSINESSicon  04/10/2021 

Vietnam develops rural tourism through digital transformation

Construction ministry proposes legal amendment to prevent 'land fever'
Construction ministry proposes legal amendment to prevent 'land fever'
BUSINESSicon  05/10/2021 

Many real estate brokers lack professional knowledge and ethics and do ‘hit and run’ business, causing losses to customers by giving wrong advice or even cornering the market and causing artificial land fever.

Vietnam warned of serious air pollution in motorization period
Vietnam warned of serious air pollution in motorization period
FEATUREicon  05/10/2021 

Vietnam is about to enter the motorization period when the market will boom and the air will become polluted. Policies on restricting the use of old-technology vehicles and encouraging green, clean vehicles are needed.

Focus turns to stamping out hotbeds, greening the economy
Focus turns to stamping out hotbeds, greening the economy
FEATUREicon  05/10/2021 

The acceleration of vaccinations will help restore production and business activities, and expand green production zones and a green workforce for the economy.

 
 
 
Leave your comment on an article

OR QUICK LOGIN