A group of 23 foreign direct investors in the renewable energy sector has recently submitted written petitions to some ministries regarding the issue of payment for 173 renewable power projects under the Feed-in Tariff (FIT) price mechanism.
The study also found that the revised PDP8 has a more efficient investment structure and reasonable development orientation than the global benchmarks based on reports of the International Energy Agency.
The draft resolution encourages private enterprises to participate in SMR development to supply electricity for industrial projects such as steel plants, petrochemical complexes, and data centres.
The summit is expected to bring together top business leaders, government representatives, and experts from various fields to explore collaboration opportunities in key areas such as trade, environmental, social and governance (ESG), and finance.
Deputy Prime Minister Bùi Thanh Sơn at a conference on Thursday asked strict penalties to be raised against developers of stagnant power projects to prevent setbacks from threating the national energy security.
The Ministry of Industry and Trade stressed the need to review direct power purchase agreements and new energy mechanisms to ensure transparency, feasibility and support for Việt Nam’s renewable energy transition.
Việt Nam is undergoing rapid change amid the Industry 4.0 and facing global challenges such as pollution, climate change, energy insecurity, and resource depletion.
Under the dispatch, the Prime Minister ordered that each authority must settle issues within its jurisdiction, and hold accountable for the accuracy and timeliness of its report.
The plan aims to fully meet domestic electricity demand, supporting national socio-economic development with an average annual GDP growth rate of around 10 per cent from 2026 to 2030, and 7.5 per cent from 2031 to 2050.
Out of a total $12 billion financial commitment for energy transition projects in Việt Nam, HSBC has so far executed transactions accounting for approximately 22 per cent.
The research and development of technology in Việt Nam''s wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree.