Are there any tax incentives or benefits available for solar energy businesses in Vietnam? Rooftop solar power for self-production and self-consumption benefits from tax incentives under current tax laws: - Corporate Income Tax (CIT): Eligible for a preferential CIT rate of 10% for 15 years, with a 4-year tax exemption and a 50% reduction in […]

Should we use PPA or leasing contracts in Vietnam and what is the rationale? Power Purchase Agreement (PPA): A PPA is a contract between the seller (the investor) and the buyer (typically the Vietnam Electricity Group - EVN), under which the investor supplies electricity from a solar energy project to the buyer at an agreed […]

The most updated government policy for doing solar business in Vietnam On the date the Government promulgates Decree No. 80/2024/ND-CP on the mechanism for direct power purchase agreements between renewable energy generation units and large electricity consumers. Renewable energy generation units refer to power entities owning solar energy plants licensed to operate in the electricity […]

What are Carbon Credits? According to Clause 35, Article 3 of the Environmental Protection Law 2020, a Carbon Credit is defined as a tradable certificate that represents the right to emit one ton of carbon dioxide (CO2) or an equivalent amount of another greenhouse gas. Thus, Carbon Credits are a crucial part of international strategies […]

On April 10, 2024, the Ministry of Industry and Trade issued Decision No. 821/QD-BCT announcing new administrative procedures in the field of industrial clusters under the management of the Ministry of Industry and Trade. Accordingly, to establish/expand industrial clusters, the following steps need to be taken: 1. Implementation sequence Step 1: Enterprises, cooperatives, organizations submit […]