Vietnamese exporters have proactively diversified their markets from the start of the year to mitigate risks as they may soon face significant tax hikes globally, said industry insiders and experts.
Indonesia's Institute for Essential Services Reform (IESR) announced on October 21 that the country’s installed solar power capacity has surpassed 700 MW. However, further acceleration is needed to meet global climate targets.
The US Department of Commerce (DOC) has announced an extension of the investigation period of trade remedy tax evasion for several goods imported from Vietnam, according to the Trade Remedies Authority under the Vietnamese Ministry of Industry and Trade.
US President Joe Biden announced on June 6 (local time) a 24-month tariff exemption for solar panels manufactured in Cambodia, Malaysia, Thailand, and Vietnam.
Construction of the second phase of the Sao Mai Solar Power Plant in Tinh Bien district, in the Mekong Delta’s An Giang province, got underway on September 15, with a capacity of 106 MWp and investment of over 3 trillion VND (129.5 million USD).
Prime Minister Nguyen Xuan Phuc has called on the whole country to save at least 2 percent of total power consumption each year under his recently-signed Directive No.20/CT-TTg on saving electricity from 2020-2025.
Despite the impact of the COVID-19 pandemic and many countries limiting customs clearance, solar power enterprises with manufacturing plants in Vietnam are still taking advantage of the domestic market to serve customers and sustain growth.
More than 1,000 businesses located at processing, industrial and hi-tech parks in Ho Chi Minh City are set to have solar panels installed on their rooftops in the next few years in an effort to promote green development.
With the support from mainland, Truong Sa (Spratly) archipelago has been given a facelift, becoming an “archipelago of light” with clean energy generated from wind turbines and solar panels.
The Mui Ne solar power plant in Mui Ne ward in Phan Thiet city of the south-central province of Binh Thuan was connected to the national grid and began commercial operation on June 12.
Over 1,000 clients installed solar panels with a total capacity of nearly 2.5 million kWh on rooftops in 21 southern cities and provinces as of April 15, according to the Electricity Vietnam’s Southern Power Corporation (EVNSPC).
The Quang Ninh Electricity Company is carrying out the installation of solar panels for 15 households residing on Tran island, Thanh Lan commune, Co To Island district, the northern province of Quang Ninh.
Users of rooftop solar power will be insured for the first time in Vietnam under a deal among solar energy solution provider SolarBK Holdings, Bank for Investment and Development of Vietnam (BIDV), and BIDV Insurance Corporation (BIC).
Around 70,000 workers are needed in Ho Chi Minh City for the remaining months of the year, mostly in garments and textiles, sales, services, logistics and IT, according to the HCM City Human Resources Forecast and Labour Market Information (Falmi) Centre.
