Vietnam's electricity consumption demand will grow rapidly, basically in line with the economic growth situation. With Vietnam's economy expected to grow by 6%-8% in the next few years, electricity demand is expected to continue to grow rapidly.
In the context of the transfer of the global industrial chain and the first chain, Vietnam has ushered in a large inflow of foreign direct investment (FDI), which is also an important factor supporting Vietnam's energy industry and even Vietnam's economic development. Over the past 20 years, Vietnam's electricity production has increased significantly (more than 11% per year), but since 2019, the structure of power generation has changed significantly, and the proportion of renewable energy generation (solar, wind, hydropower) has increased rapidly, reaching more than 48% in 2022.
In order to promote the rapid development of the photovoltaic industry, Vietnam has formulated a number of preferential policies, including providing long-term power purchase contract support for photovoltaic projects and ensuring long-term stability, giving zero tariff on the import of photovoltaic equipment, reducing value-added tax, land tax and land use fees for photovoltaic project investment, etc., and providing funds and interest subsidies for photovoltaic projects through various mechanisms.
In addition, Vietnam's Ministry of Industry and Trade has also proposed a number of preferential policies for self-consumption rooftop solar power generation, including unlimited capacity, exemption from power generation licenses, various related tax exemptions and loan policies. These policies aim to encourage individuals and businesses to use solar photovoltaic power generation systems to reduce energy consumption and environmental pollution.
vietnam ete & enertec expo
The 17th Vietnam International Power Technology and Equipment Exhibition 2024
The 17th Vietnam International Green Energy and Energy Saving Technology Products Exhibition
the17th int’l exhibition on electrical technology & equipment
the 14th int’l exhibition on products, technologies of energy s**ing & green power
When: July 19-21.
Venue: SECC, Ho Chi Minh International Convention and Exhibition Center, Vietnam
China's past group units: Vietnam Expo Network, Guangxi Huabo Exhibition V+1897 89 Service 00092 Company.