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ARTICLE · 18 DECEMBER 2019

Changes In Vietnam's Model Wind PPA Could Put Investment In New Projects At Risk

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Vietnam is poised for a renewable energy boom, spurred by the increasing demand for energy. The country's revised National Power Development Plan

Hong KongEnergy and Natural Resources
Shri Maski
Shri Maski
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While the country has a goal of installing 6 GW of wind power capacity by 2030, government guarantees that thermal energy project developers have enjoyed may not be available for wind power projects.

Vietnam’s revised National Power Development Master Plan has emphasized the role of renewable energy sources in alleviating Vietnam’s electricity deficit and has targeted an increase in wind power generation to 2,000 MW by 2025 and 6,000 MW by 2030.  The Vietnamese government now provides several incentives to foreign investors in wind power projects including 100% ownership, free transferability of equity, lower rates of income tax, exemption form or lower rates of property taxes and levies and customs duty relief on importation of equipment.

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