New decree incentivises renewable, new energy development

16:58 | 05/03/2025 Policy Follow Ven.vn on

The research and development of technology in Vietnam's wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree.

A wind power project in Vietnam (Photo: VNA)

The research and development of technology in Vietnam's wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree.

The decree, which took effect on March 3, outlines several provisions of the Electricity Law regarding the development of renewable and new energy sources. It specifies that projects utilising renewable energy sources with integrated energy storage systems, connected to the national electricity grid, will be prioritised for mobilisation during peak electricity demand hours, in accordance with regulations—excluding self-produced and self-consumed electricity.

The Government is prioritising programmes aimed at the research, development, and application of science and technology, as well as the production of solar panels, wind turbines, and power conversion equipment.

The Da Mi Solar Power Plant (47.5 MWp capacity) is built on the Da Mi Hydropower Reservoir in Ham Thuan Bac District, Binh Thuan Province. (Photo: VNA)

Furthermore, new energy projects are eligible for preferential policies and support as outlined in Clause 2, Article 23 of the Electricity Law, provided they meet the following criteria: The project must generate energy from 100% green hydrogen, 100% green ammonia, or a 100% mixture of green hydrogen and green ammonia; the project must supply electricity to the national power grid; and the project must be the first of its kind within each new energy category.

Incentives for such projects include exemption from maritime area use fees during the infrastructure construction period (up to three years from the start of construction) and a 50% reduction in these fees for the subsequent nine years. Additionally, the projects are exempt from land use and land lease fees during the infrastructure construction period, also not exceeding three years from the start of construction. After the exemption period, the reduction or exemption will be carried out in line with relevant investment and land regulations./.

Source: en.vietnamplus.vn

See more news

A decree, a statement: Part 1: A draft strategic decree and strategic trust

08:30 | 02/04/2025 Policy

Vietnam has announced a draft Decree on Strategic Trade Control, affirming its role as a reliable and responsible partner, always striving for strategic trust.

Vietnam wants to strengthen multi-faceted cooperation with Belgium: State President

14:02 | 01/04/2025 Policy

President Cuong warmly welcomed King Philippe and a high-ranking delegation of the Kingdom of Belgium on their first state visit to Vietnam since the two countries established diplomatic relations in 1973, affirming that the trip is an important historical milestone, opening up a new page for the friendly relations between the two countries.

52 provincial-level administrative units to be reorganised: draft resolution

16:06 | 27/03/2025 Policy

Administrative units with isolated locations and limited transport connectivity with adjacent administrative units, as well as those holding special importance to national defence and security, will not be compulsorily subject to re-organisation, according to the draft resolution.

MoF seeks feedback on VAT cut plan to boost economy

16:17 | 26/03/2025 Policy

The proposal suggests extending the 2% VAT reduction from July 1, 2025, until the end of 2026 for goods and services currently taxed at 10%, lowering them to 8%.

Ministry proposes tripartite coordination mechanism to manage cryptocurrency exchanges

16:34 | 24/03/2025 Policy

The Ministry of Finance has proposed a pilot programme for issuing and trading cryptocurrencies and digital assets, with oversight from three key agencies: the Ministry of Finance, the Ministry of Public Security, and the State Bank of Vietnam.

Decree on foreign investment in Vietnamese financial institutions amended

15:30 | 20/03/2025 Policy

Decree No. 69/2025/ND-CP amends several provisions of Decree No. 01/2014/ND-CP regarding foreign investment in Vietnamese financial institutions. The changes specifically address purchase methods, ownership limits, and investor obligations.

Pilot cryptocurrency exchange: comprehensive and balanced approach

18:57 | 15/03/2025 Policy

Establishing a legal framework for digital currencies is crucial because it will serve as a solid foundation for their development, requiring a multidimensional and cautious approach.

Binh Dinh requested to take bold actions for administrative restructuring

16:42 | 13/03/2025 Policy

Requesting the province to double its achievements in 2025, National Assembly (NA) Chairman Tran Thanh Man asked Binh Dinh to proactively address challenges and speed up the implementation of socio-economic tasks with high determination.

PM urges timely allocation of state investment funds

17:39 | 06/03/2025 Policy

Prime Minister Pham Minh Chinh has instructed ministries, agencies, and localities to finalise the allocation of the 2025 state investment plan by March 15, warning that unallocated funds will be withdrawn and reassigned to high-priority projects.

Law on Energy Efficiency and Conservation to be amended

15:09 | 05/03/2025 Policy

(VEN) - On March 5 in Hanoi, the Ministry of Industry and Trade held a consultation conference to gather feedback on the Draft Law on Energy Efficiency and Conservation (amended).

Latest Most Read

Chinese expert advises Vietnam on free trade zone development

22:22 | 18/04/2025 Economy

Vietnam is preparing to develop three FTZs in Hai Phong, Da Nang, and Ba Ria – Vung Tau, with plans to expand to other localities with strong air and rail connectivity, beyond just those with seaports

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

PM urges effective implementation of Vietnam–Japan Comprehensive Strategic Partnership

22:02 | 18/04/2025 Cooperation

Receiving Japanese Ambassador to Vietnam Ito Naoki on April 18, PM Chinh stressed the need to deepen cooperative ties in different fields, including politics, diplomacy, economic development, science and technology, digital transformation, food security, and high-quality workforce training.

PM meets with UN Deputy Secretary-General on P4U Summit sidelines

11:44 | 18/04/2025 Cooperation

Prime Minister Pham Minh Chinh received United Nations (UN) Deputy Secretary-General Amina Mohammed in Hanoi on April 17 on the sidelines of the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit.

Party chief urges France to further bolster Vietnam – EU ties

11:37 | 18/04/2025 News and Events

Party General Secretary To Lam has called on France, a key and influential member of the European Union (EU), to further bolster Vietnam–EU relations, contributing to peace, stability, and sustainable development in the region and beyond.

Gov't asks Hanoi, HCM City to act towards safe air quality levels within 5 years

17:27 | 06/04/2025 Environment

The Government has instructed the People's Committees of Hanoi and HCM City to urgently implement measures aimed at achieving safe Air Quality Index (AQI) levels within five years.

Spanish PM’s visit set to elevate Vietnam – Spain ties to new height: Ambassador

17:35 | 06/04/2025 Cooperation

The visit is a vivid testament to the excellent cooperation between the two countries across multiple domains, from politics to economy, trade and investment, culture, defence, security, education - training, and transport, said Vietnamese Ambassador to Spain Doan Thanh Song.

State President Luong Cuong offers incense in commemoration of Hung Kings

15:09 | 07/04/2025 News and Events

An incense offering ceremony was held at Kinh Thien Palace on Nghia Linh Mountain within the Hung Kings Temple Relic Site in the northern midland province of Phu Tho on April 7 – the 10th day of the third lunar month - to commemorate the death anniversary of the nation’s legendary founders, the Hung Kings.

PM holds phone talks with Malaysian counterpart

15:19 | 07/04/2025 Cooperation

Prime Minister Pham Minh Chinh held phone talks with his Malaysian counterpart Anwar Ibrahim at the Malaysian side’s request on April 6, discussing bilateral relations as well as recent regional and international developments.

Over 29 trillion VND in tax refunds issued

15:30 | 07/04/2025 Finance-Banking

According to the Ministry of Finance, the Tax Department issued 3,705 tax refund decisions in the first quarter of 2025, totalling 29.23 trillion VND (1.13 billion USD). This represents a slight increase, reaching 108% compared to the same period in 2024.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Industry & Trade

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Vietnam developing wind turbine blades that align with weather conditions

16:39 | 13/04/2025 Industry

Vietnam is focusing on the development and application of green energy technologies, including the technology surrounding wind turbine blades and solar panel production, as it wants to fully tap its advantages in geography and climate to develop renewable energy.

Investment

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

LEGO opens 1.3 billion USD green factory in Binh Duong

10:23 | 11/04/2025 Investment

LEGO Group, a world-renowned Danish toy manufacturer, inaugurated its first factory in Vietnam, an over-1.3 billion USD green investment, at the Vietnam-Singapore Industrial Park III (VSIP III) in the southern province of Binh Duong on April 9.

Finance-Banking

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Over 29 trillion VND in tax refunds issued

15:30 | 07/04/2025 Finance-Banking

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Vietnam has advantages in promoting sci-tech development, innovation: British scholar

17:18 | 01/04/2025 Science - Technology

The world has gone deeply into the Fourth Industrial Revolution, and Resolution No.57-NQ/TW on making breakthroughs in science, technology, innovation, and national digital transformation is a positive signal showing that Vietnam is already embracing and engaging in change.

Society

HCM City makes strides in sustainable poverty reduction

16:49 | 13/04/2025 Society

HCM City reduced the number of poor and near-poor households by 69,914, or 2.7% of the total households during 2021-2025 period, said Nguyen Thi Hong Ha, Chief of the Office of the city’s Steering Committee for Sustainable Poverty Reduction.

Binh Dinh ramps up fight against IUU fishing

22:01 | 10/04/2025 Society

The provincial border posts and checkpoints are requested to strictly inspect 100% of vessels entering and exiting stations, prohibiting those without the necessary qualifications from departing.

Soc Trang province intensifies efforts to clamp down on illegal fishing

17:34 | 09/04/2025 Society

Since 2023, no vessel exceeding 24 metres has disconnected its tracking systems for more than six hours, and no vessel has lost connections for more than ten days. Particularly, no local vessels have been caught fishing illegally in foreign waters.

Consumer protection: No longer a national issue

15:51 | 07/04/2025 Society

(VEN) - In the context of a globalized economy, the rights of consumers are no longer a national internal issue. They have become a common concern for the international community.

Vietnamese Brands

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Philosophy 3C and story of smart consumption

09:15 | 22/03/2025 Vietnamese Brands

(VEN) - Pharmacist Nguyen Xuan Hoang - Chairman of International Medical Consultants Co., Ltd. - IMC shared, “In modern society, in order for a product to reach consumers, aside from quality and technology, attention must also be paid to the story behind the product and the smart consumption habits of consumers.”

Vietnamese rice exporters urged to boost global competitiveness

16:48 | 10/03/2025 Vietnamese Brands

Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Hue gears up for new tourism opportunities

09:02 | 27/03/2025 Tourism

(VEN) - The National Tourism Year – Hue 2025 has officially commenced, bringing new growth expectations for Vietnam’s tourism industry as well as Hue City.

New decree incentivises renewable, new energy development

See also

See more news

Multimedia