Solar power projects mushroom in Vietnam

With its many incentives for clean energy development, the Government is making solar power projects more attractive than ever.
Solar power projects mushroom in Vietnam ảnh 1A view of solar panels of the Cat Hiep solar power plant in Cat Hiep commune of Phu Cat district, Binh Dinh province (Photo: VNA)

Hanoi (VNA) – With its many incentives for cleanenergy development, the Government is making solar power projects moreattractive than ever.

Almost two years since it was issued, Prime MinisterNguyen Xuan Phuc’s Decision No.11/2017/QD-TTg on mechanisms to encourage thedevelopment of solar power projects in Vietnam has created a magnet forinvestors in this field.

Last April, a complex of three solar powerplants with the total capacity of 330 MWp was inaugurated in the south centralprovince of Ninh Thuan. Invested in by BIM Energy of BIM Group and AC Energy ofthe Philippines’s Ayala Corp., it is Southeast Asia’s biggest solar powercomplex at present.

In January, the Solar 1 factory of the BP SolarJSC in Ninh Thuan officially generated electricity for the national grid. With the capacityof 46MWp, it is designed to produce some 75 million kWh each year.

Aside from big investors, solar powerdevelopment has also attracted many households.

With just a few rooftop solar panels, manyhouseholds have been able to generate enough electricity not just for daily use,but also to put towards the national grid. Solar power, bought at 2,134 VND(0.09 USD) per kWh, has become a source of income for a number of families.

Nguyen Ngoc Tuong Vi, a division head at the HoChi Minh City Power Corporation, said the firm has connected 1,432 rooftopsolar power systems of local households with the city’s grid. They have thetotal capacity of 17.46MWp, generating more than 4 million kWh to thegrid. 

The sector has spent more than 8.5 billion VNDon buying the electricity from locals, she noted.

Deputy Director General of the Southern PowerCorporation Nguyen Van Ly said his firm had linked more than 1,290 household rooftopsystems with the national grid as of mid-May. With their panels’ total capacityof 20,299kWp, they have generated nearly 3 million kWh of power.

He added that the corporation will step upcommunications to encourage people to install more rooftop solar panels in thetime ahead.

According to the Ministry of Industry and Trade,121 solar power projects have been added to the national and provincialelectricity development plans. They are expected to have the combined capacityof 6,100 MW before 2020.–VNA
VNA

See more

At an automotive exhibition in Shanghai, China. (Photo: AFP/VNA)

Chinese electric vehicles drive back into Vietnamese market

About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.

Illustrative image (Photo: VNA)

Nearly 16 trillion VND raised through January bond auctions

The January auctions saw a strong preference for 10-year and 15-year bonds, representing 80.2% and 14.8% of the total, respectively. Specifically, 10-year bonds raised 12.81 trillion VND, while 15-year bonds garnered 2.36 trillion VND.

Thang Long ferry at Cau Da port in Ba Ria - Vung Tau province. (Photo: VNA)

Vung Tau - Con Dao high-speed ferry reoperated

The high-speed ferry service connecting Vung Tau city and Con Dao island in the southern province of Ba Ria-Vung Tau and vice versa was resumed on February 7 by Phu Quoc Express JSC after a 5-month suspension.

At the working session between the Vietnam Directorate of Market Surveillance and the US Embassy over counterfeit Sunview-branded raisins in Hanoi on February 7. (Photo: dms.gov.vn)

Vietnam, US tackle counterfeit Sunview-branded raisins

Statistics showed that since 2024, there have been 27 documented cases involving Sunview raisins, resulting in fines of over 536 million VND (21,440 USD), primarily due to the sale of smuggled goods and products of unclear origin.

The VF3 model manufactured by VinFast is the most popular model in Vietnam's market. ( Photo courtesy of the company)

EVs will no longer be exempt from registration fees

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Thuan An Fishing Port (Photo: tuoitrethudo.vn)

Thuan An fishing port opens, boosting Hue’s seafood industry

The second docking area of Thuan An Fishing Port has a minimum cargo handling capacity of 20,000 tonnes per year, and is capable of simultaneously accommodating 500 fishing vessels of at least six metres in length for docking and storm shelter.