Vietnam’s Prime Minister Nguyen Tan Dung approved preferences for investments of thermal power projects under build-operate transfer agreements, Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) newspaper reported, citing the signed document. Such projects will be exempt from income tax for the first four years and will pay 5 percent in the following nine years [...]
A new 11MW power plant will be constructed by Bim Son Cement Joint-stock Co. in central Thanh Hoa Province to recycle the heat generated from cement production. The plant, scheduled to be completed by December, 2013, will cover 1,500 sq.m. Expected to cost more than 570 billion dong (US$2.8 million), the plant will supply part [...]
German investors are most interested in developing renewable energy and high-technology in Vietnam, a forum has heard. Speaking at the Vietnam – Germany Economic Forum held yesterday in HCM City, Vo Quang Hue, CEO of Bosch Vietnam, said high-technology production was very appealing to German investors. He said German businesses, which are renowned worldwide for [...]
The capital is set to experience power shortages of 15-20 per cent during the course of next year due to slow progress in the instalment of a power transmission line system and transformer stations. According to an Electricity of Vietnam (EVN) report, until the end of 2010, no work had started on the 220kV power [...]
Hanoi is estimated to a total capital of VND20.7 trillion for electricity development in the city in the 5 year period from 2011 to 2015, the metropolitan Department Of Industry And Trade said in a meeting on October 12. In the meeting on electricity development planning held by Hanoi Department Of Industry And Trade, it [...]
The new government move will help shorten build-operate-transfer power projects’ pre-licencing preparations. In light of Document 1604/TTg-KTN, build-operate-transfer (BOT) power projects are eligible to apply some sharp legal clauses. Accordingly, BOT project developers can apply foreign laws in dispute cases using English language if differences persist in projects’ Vietnamese and English documents. BOT power projects [...]
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