Vietnam Going Green

A long-awaited decision by the prime minister of Vietnam sets up a number of incentives for investment in solar power projects. This policy, which had been in the drafting stage for years, is expected to play an important role in furthering the government’s stated goal of having renewable energy contribute 9.9 percent of the country’s electricity production by 2020, and 21 percent by 2030, according to a post from Mayer Brown. Incentives include investment credits, corporate tax incentives, and some import duty exemptions for goods imported for these projects.