Vietnam’s recent opening up of its green power market won industry plaudits, but such reforms have been slow to materialise in the region. Eco-Business examines where firms may find procuring renewables easy, tricky, or nigh on impossible.
The new decree is seen as the latter of two policy moves needed to jumpstart the country’s clean energy market. New funding is already flowing, but concerns remain as to whether Vietnam’s power grid can handle more renewables.
Some question if the US$3 billion deal may yet be revived, given vague terms under the country's resource mobilisation plan announced last year that might allow a renegotiation. Observers say the termination is 'good news' for Vietnam's energy transition goals.