No restrictions on rooftop solar power not linked to Vietnam national grid: Deputy Minister
Rooftop solar power systems that are not connected to the national grid are subject to no restrictions, says Vietnamese Deputy Minister of Industry and Trade Nguyen Hoang Long.
Long made this clarification on Vietnam’s draft amended Law on Electricity and draft decree on rooftop solar power at a Tuesday meeting with Bruno Jaspaert, CEO of Deep C Industrial Zones and chairman of EuroCham Vietnam.
Bruno Jaspaert, CEO of Deep C Industrial Zones and chairman of EuroCham Vietnam. Photo courtesy of Cong Thuong (Industry & Trade) newspaper.
Bruno Jaspaert noted that investors within Deep C in the northern coastal city of Hai Phong sought to implement rooftop solar power projects, adding that this would contribute to Vietnam’s target of net zero emissions by 2050.
Long clarified that rooftop solar power systems were not regulated by the national power development plan (PDP) and other plans. He said the draft decree was subject to the government’s approval, while the draft law awaited the National Assembly’s approval, which was expected to happen this month.
Belgium-based Deep C Holdings is the investor of Deep C Industrial Zones, a cluster that includes three industrial zones in Hai Phong and two in neighboring Quang Ninh province covering a total of 3,400 hectares. In 1997-2023, Deep C facilities attracted foreign direct investment (FDI) worth $7.5 billion for 170 projects.
- Related News
- Read More
Revenues of LG Electronics’ Vietnam factories up 24% to $6 bln in Jan-Sept
LG Electronics’ factories in Vietnam, LG Innotek Vietnam Hai Phong and LG Electronics Vietnam Hai Phong, recorded a total revenue of KRW8,532 billion ($6.02 billion) in the first nine months of 2024, up 24% year-on-year.
Companies - Mon, December 9, 2024 | 10:55 am GMT+7
Leading Vietnamese insurer Bao Minh lowers profit, dividend targets due to typhoon
Vietnam’s Bao Minh Insurance Corporation has revised its profit and dividend targets for 2024 following the increased compensation costs stemming from super typhoon Yagi, which severely impacted the northern region.
Finance - Mon, December 9, 2024 | 10:29 am GMT+7
Vietnam's rice exports reach a record high
Vietnam’s rice exports achieved a record-breaking $5.3 billion revenue in the first 11 months of the year, up 22.4% year-on-year and 10.8% against the whole 2023.
Economy - Mon, December 9, 2024 | 8:00 am GMT+7
Southernmost Ca Mau province moves to better tap eco-tourism strengths
The Ca Mau World Biosphere Reserve, which includes the Ca Mau National Park, the U Minh Ha National Park, and the coastal protective forests, not only offers substantial economic benefits but also provides a clean environment that can provide many attractive ecological tourism experiences for visitors.
Travel - Sun, December 8, 2024 | 8:16 pm GMT+7
Vietnamese firms face numerous barriers in green transformation
Enterprises require significant capital to invest in machinery and production processes to embrace green transformation, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber-Plastic Association.
Companies - Sun, December 8, 2024 | 8:06 pm GMT+7
Vietnamese carmaker VinFast starts work on fifth EV plant project
Vietnamese startup automaker VinFast on Sunday kicked off an electric vehicle (EV) plant project in the central province of Ha Tinh - its second in Vietnam and fifth globally.
Industries - Sun, December 8, 2024 | 4:00 pm GMT+7
Vietnam poised to achieve 15% credit growth target: central bank
Vietnam is on track to meet its 2024 credit growth target of 15%, with credit expansion reaching 12.5% as of Saturday, according to Dao Minh Tu, State Bank of Vietnam (SBV) Deputy Governor.
Economy - Sun, December 8, 2024 | 10:42 am GMT+7
Thailand loosens EV production regulations
Thailand’s Board of Investment (BoI) has announced that the government would extend deadlines for electric vehicle (EV) manufacturers to meet domestic production quotas, addressing weak local market demand.
Southeast Asia - Sun, December 8, 2024 | 10:09 am GMT+7
Vietnam's state capital management 'super commission' to cease operation
Vietnam's Commission for the Management of State Capital at Enterprises (CMSC) will end its operations soon and transfer the management of 19 state-owned groups and corporations back to relevant ministries.
Economy - Sun, December 8, 2024 | 9:53 am GMT+7
Vietnam mining firm Nui Phao appoints new general director
Ashley McAleese has been appointed general director of Nui Phao Mining Company, a subsidiary of Masan Group, effective from January 1, 2025.
Companies - Sun, December 8, 2024 | 9:09 am GMT+7
Vietnam stock market may secure upgrade in Sept next year: broker
Vietnam’s stock market could achieve an upgrade to emerging market status as early as September next year, forecast Vietcap Securities.
Finance - Sun, December 8, 2024 | 8:00 am GMT+7
Taiwan’s top rubber firm TSRC to shut down southern Vietnam plant
TSRC, formerly known as Taiwan Synthetic Rubber Corp., will cease all production activities at its compounding materials plant in Vietnam’s southern province of Binh Duong by the end of this year.
Investing - Sat, December 7, 2024 | 10:35 pm GMT+7
Tupperware Vietnam to cease operations on December 31
Tupperware Vietnam has announced that it will officially cease operations by the end of this year and already stopped supplying goods to its dealers.
Companies - Sat, December 7, 2024 | 10:08 pm GMT+7
Vietnam targets GDP growth beyond 10% in 2026-2030: Prime Minister
Vietnam targets a GDP growth of 7% in 2024 and 8% in 2025, in order to prepare for an annual growth beyond 10% in 2026-2030, Prime Minister Pham Minh Chinh said at a monthly cabinet meeting on Saturday.
Economy - Sat, December 7, 2024 | 4:28 pm GMT+7
Vietnam 'best destination' for relocation from China to Southeast Asia: WHA exec
Vietnam is the “best destination” for relocation from China to Southeast Asia amid the “trade war” (between China and the U.S.) starting in 2018, said WHA Corporation CEO and chairperson Jareeporn Jarukornsakul.
Industrial real estate - Sat, December 7, 2024 | 3:13 pm GMT+7
Sunshine’s realty arm to acquire stake in developer of $206 mln resort in central Vietnam
A subsidiary of multi-sector corporation Sunshine Group JSC will acquire a significant stake in the developer of a VND5.23 trillion ($206 million) real estate project in Vietnam’s central province of Thua Thien-Hue.
Real Estate - Sat, December 7, 2024 | 1:17 pm GMT+7
