Vietnam wants to develop clean energy but the development needs to be reasonable to ensure that retail prices are affordable for most people.

The replacement of fossil fuel-derived energy with environmentally-friendly energy is the focus of research by a PhD student from Hue who is studying in Taiwan.

Vietnam needs to speed up its transition to clean, secure and market-based energy by switching to advanced technologies, improving the energy sector’s performance and encouraging private investment, a conference heard in HCM City.

Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.

More than 1,000 businesses located at processing, industrial and hi-tech parks in Ho Chi Minh City are set to have solar panels installed on their rooftops in the next few years in an effort to promote green development.