Hanoi (VNA) – Numerous incentives willbe offered for solar-power energy projects in Vietnam, according to arecently-issued decision from Prime Minister Nguyen Xuan Phuc that takeseffective from June 1, 2017 – June 30, 2019.
Any organisations or individuals involved insolar power projects in Vietnam will be eligible for the incentives.
The solar power output will be bought by theElectricity of Vietnam and its authorised members. Organisations andindividuals with licenses for supplying power for the national grid can sellthe power, or anyone who wants to sell their unused solar power.
According to the decision, the buyer is requiredto buy all the output of solar power projects, with 20-year contract terms.
Solar power generating projects will enjoy taxexemptions for importing goods for their fixed assets.
Solar power projects will also enjoy corporateincome tax exemptions and reductions.
For power grid-connected projects, the buyershall buy all of the projects’ output at 2,086 VND (0.09 USD) per kWh(excluding VAT), and subject to changes according to the VND/USD exchange rate.
The Ministry of Trade and Industry will annuallyissue the buying and selling prices of solar power produced by roof-based solarpower projects based on the VND/USD exchange rate.-VNA
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Illustrative image (Source: VNA) 
