The Ministry of Industry and Trade (MOIT) has submitted a statement to the Prime Minister on a bidding mechanism which allows purchase of electricity from solar and wind power projects which remain unfinished.

The Government Inspectorate has decided to inspect the observance of policies and laws in the implementation of planning and investment in the construction of power projects under the Power Master Plan VII and the revised Power Master Plan VII.

Vietnam’s commitment to achieving net zero emissions by 2050 at COP26 is expected to bring a tailwind of opportunities, facilitating the export of made-in-Vietnam products.

Deputy Minister of Industry and Trade Dang Hoang An has asked localities to compile the lists of wind and solar power plants in their areas.

As commitments to reach net-zero greenhouse gas emissions by 2050 increase across the globe, the question of how these commitments can be met and the corresponding economic transformation managed becomes ever more central.

A mass of applications to develop wind power farms have been sent to Lang Son People’s Committee and Lang Son Department of Industry and Trade.

According to a report published by the World Bank, Vietnam can develop 5-10GW of offshore wind power by 2030, generating about $60 billion in added value.

The Ministry of Industry and Trade will not add any more wind and solar power into this year's plan, due to a lack of input facilities to transfer them to the national grid.