Solar energy provider ET Solar wishes to invest in Can Tho
The multinational group ET Solar held a working session with authorities of the Mekong Delta city of Can Tho on June 14 to seek business opportunities in solar energy supply.
Illustrative image (Source: VNA) Speaking at the event, ET Solar chief representative for the Southeast Asia Liming Wang, said ET Solar wants to build a system of solar power plants which are capable of generating nearly 200MW of electricity in Vietnam, especially localities with great potential such as Binh Thuan and Can Tho.
ET Solar has been successful in 15 countries and become a prestigious share on the US securities exchange. In Vietnam, ET Solar expects to build a plant, sell products to market and transfer technology to localities.
Director of the municipal Department of Science and Technology Tran Ngoc Nguyen said Can Tho is calling for investment in biology, automation, new materials and energy. In particular, renewable energies such as solar batteries and power have been included in the city’s planning until 2020 with a vision till 2030 to increase power supply, especially in remote areas.
Can Tho also reduces land use fees for foreign enterprises, and offers land tax waive for projects in the list of priority investment. Investors could enjoy corporate tax exemption in the first four years of operation, 5 percent tax in the next 9 years and 20 percent tax in the 16th year and later.
Foreign firms operating in high technology are entitled to import and value-added tax exemption, access to preferential loans, equipment and human resources from research and development centres in hi-tech areas.
The same day, the ET Solar working delegation took a fact-finding trip to Hung Phu industrial zone and expressed belief in bilateral partnership in the future.-VNA
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