Decision paves way for solar power development

Under Decision 11/2017/QD-TTg, which will be effective from June 1st, 2017 onwards, all output produced by solar power projects will be purchased for 2,086 Vietnamese dong (or 9.35 UScents) per kilowatt hour (excluding VAT). Also according to the decision issued on April 11th, Vietnam Electricity (EVN) is obliged to buy all solar power even though the buying price is higher than EVN's power selling price, which is 1622 Vietnamese dong per kilowatt hour. With the set price, investors can now make profits from solar power projects. The price regulation is effective from June 1st 2017 to June 30th 2019.