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Update news vietnam energy industry
A policy allowing investors to bid on solar power prices is being developed by the Vietnamese Ministry of Industry and Trade (MOIT). It is expected to be submitted to the Prime Minister this August and applied this year.
By shifting to a market mechanism, the local energy industry was mobilising great resources for of all economic sectors in Vietnam, said Deputy Prime Minister Trinh Dinh Dung.
After rushing to connect to the national grid prior to end-June to benefit from price policies, solar power developers have now found that the grid can't handle the extra capacity.