The Vietnam Business Forum will roll out next week the second edition of the Made in Vietnam Energy Plan (MVEP 2.0), a business case for the primary use of Vietnam’s domestic resources to stimulate investment in clean, secure and affordable energy generation.
As many as 40 policy recommendations for a sustainable energy future in Vietnam were introduced by the Vietnam Energy Partnership Group (VEPG) at the 3rd High-level Meeting and 1st Stakeholder Forum of the VEPG in Hanoi on December 10.
Given its natural potential, robust government support and aspirations for the sector, Vietnam may become a solar power investment hotspot soon.
To attract investment in the renewable energy sector, the Ministry of Industry and Trade has confirmed that a mechanism to allow businesses to buy power at competitive prices from renewable energy generators will be piloted in 2018.
The USAID and Vietnam’s Ministry of Industry and Trade are working together to enable private sector electricity buyers and renewable energy providers to enter into Direct Power Purchase Agreements (DPPA).