German businesses are interested in Vietnam's renewable energy sector
As part of a series of activities in the Federal Republic of Germany, on March 29, Deputy Minister of Industry and Trade Dang Hoang An and the delegation of the Ministry of Industry and Trade had a working session with German businesses: AHK representing PNE Group, ThyssenKrupp Group, SkyWind Group, Enertrag Group, Green Solutions Group.
Also attending the meeting were Vietnamese Ambassador to the Federal Republic of Germany Vu Quang Minh, representatives of units of the Ministry of Industry and Trade, including the Department of Electricity and Renewable Energy; Electricity Regulatory Authority; European-American Market Department; Department of Energy Conservation and Sustainable Development…
Corporations asked many questions to the Ministry of Industry and Trade about Vietnam's policy mechanisms in the field of renewable energy as well as preferential policies for businesses when investing in this field.
The delegation of the Ministry of Industry and Trade works with German businesses
Deputy Minister Dang Hoang An provided specific information to corporations about policies and investment incentives in this field.
Currently, the Ministry of Industry and Trade is reviewing and completing the National Electricity Development Plan for the period 2021-2030, vision to 2045 (Power Plan 8) according to the goals committed at COP26 Conference. Accordingly, priority areas in the power source development program of Power Plan 8 will focus on environmentally friendly sources of electricity production, specifically renewable energy sources such as wind power and wind power. Offshore, solar power and biomass power sources...
Deputy Minister Dang Hoang An (middle) informs German businesses about development policies and investment attraction in Vietnam's renewable energy sector
According to Vietnam's national energy development strategy until 2030, with a vision to 2045, the goal of developing renewable energy (including hydropower) in the total primary energy supply is about 15- 20% in 2030, 25-30% in 2045.
German businesses are interested and ask many questions about Vietnam's renewable energy sector
In the previous period, Vietnam applied the FIT price mechanism to encourage the development of renewable energy types. Up to now, Vietnam is completing the necessary legal frameworks to select investors to implement projects according to the provisions of the Investment Law, Bidding Law and other relevant regulations. Thereby creating a fair competitive environment for businesses.
German corporations and businesses have had a lot of experience in developing renewable energy in recent times. Therefore, the Ministry of Industry and Trade hopes that businesses will be interested in investing in the field of renewable energy in Vietnam to enjoy preferential policies from the state. At the same time, contribute to Vietnam's goal of developing renewable energy and reducing emissions in the future.
According to Industry and Trade newspaper