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Vietnam to determine the photovoltaic power grid price of 9.35 cents per degree

Vietnam Ministry of Industry and Commerce issued a notice on the provisions of the photovoltaic power generation policy, the current Vietnam PV project issues to make clear. The notice stipulates that the price of photovoltaic power into the national grid is 9.35 cents (about 2086 VND) / degrees, from June 30, 2019, the buyer is responsible for all receiving photovoltaic production power, the acquisition period of 20 years. In addition, the notice also provides for the photovoltaic power generation project corporate income tax, import tariffs, land use tax and other aspects of the concessions.

According to the national government development plan developed by the Vietnamese government in 2016, the installed capacity of PV will reach 850 MW in 2020, 4000 MW in 2025 and 12,000 MW in 2030.

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