Ninh Thuan province builds more solar, wind projects

The central province of Ninh Thuan aims to become a renewable-energy centre of the country, with assistance from the central government's preferential policies.
Ninh Thuan province builds more solar, wind projects ảnh 1Illustrative photo (Source: VNA)

Ninh Thuan (VNA) - The central province of Ninh Thuanaims to become a renewable-energy centre of the country, withassistance from the central government's preferential policies.  

Bui Nhat Quang, Vice Chairman of the VietnamAcademy of Social Sciences, said at a recent conference on renewable energyheld in the province that the development of renewable energy such as wind andsolar energy has become a necessity in a time of depleting natural resourcessuch as fossil fuels.

Experts noted that the province should becareful about building too many wind and solar power plants as they couldoverwhelm the transmission capacity of the existing national grid in theprovince.

To solve the problem, the Government should buildmore 220-500KV transmission lines and stations to serve wind andsolar power plants in the province, they said. 

Dr Nguyen Tat Thang, of the National EconomicsUniversity, said Ninh Thuan should also seek more investment capital, landand human resources to develop the projects.

The Government and the Ministry of Industry andTrade have approved 30 solar power projects in the province with total capacityof more than 1,800MW and total registered capital of over 50 trillionVND (2.13 billion USD).

Blessed with abundant sunshine and wind all yearround, Ninh Thuan province is currently home to 25 solar powerprojects. 

The province has a high level of sunshinehours (2,467) per year and solar radiation per square metre (1,700kWh),making it ideal for solar energy projects.

Under Ninh Thuan’s green energy plan, by2030 the province is expected to reach a total capacityof 1,500MW in wind energy and 3,912MW in solarenergy. 

To attract more renewable energy projects,provincial authorities are offering incentive policies to investors. 

For example, renewable energy investors enjoy awaiver of land-lease fees for the entire project’s lifetime, as well ascorporate-tax exemption for the first four years and a corporate tax rate of 10percent for the next nine years, half the standard rate. The importtax for procurement of fixed assets in renewable projects will also bereduced to zero.

However, investment in renewable energy stillfaces challenges such as higher costs, complex technology, and legalbottlenecks, according to energy experts. 

Pham Van Hau, Vice Chairman of the Ninh ThuanPeople’s Committee, said the provincial People’s Committee would continue todirect its agencies to work with investors to settle problems relatedto land clearance and business procedures. 

When wind and solar energy projectsbegin commercial production, they will not onlyprovide significant contributions to Vietnam’s energy security, butalso contribute to local socio-economic development, he said.

Ninh Thuan leads the country in developingrenewable energy, with a total of eight wind and solar power projects alreadyin commercial operation. 

In January, the BP Solar 1 solar power plantopened in the province, becoming the first Vietnamese-built solarpower project to be connected to the national grid.

The project, including transmission lines andtransformation stations, is expected to generate 74.45 million KWh peryear.-VNA
VNA

See more

Vietnamese prefer buying gold to mark God of Wealth Day (Photo: VNA)

Gold prices up again on God of Wealth Day

Gold prices surged significantly, exceeding the threshold of 90 million VND (3,550 USD) per tael at the opening session of the God of Wealth Day on February 7 (the 10th day of the first lunar month).

Vietnam will complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, (Illustrative photo: VNA)

Master plan on atomic energy development, application approved

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

Rice for export at Thoai Son Foodstuff One-member Co. Ltd. under Loc Troi Group. (Photo: VNA)

Vietnam works to expand markets, sustain rice export growth

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year. To sustain exports, authorities are prioritising trade promotion, with the Ministry of Industry and Trade implementing measures to boost rice exports.

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.