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Clifford Chance

Clifford Chance


Vietnam: Incentives for solar

21 July 2017

On 11 April 2017, the Prime Minister of Vietnam issued Decision 11/2017/QD-TTg ("Decision 11"), an encouraging development in the promotion of domestic solar power projects in Vietnam. Decision 11 came into effect on 1 June 2017 and is due to expire on 30 June 2019, however Power Purchase Agreements ("PPAs") for solar power projects entered into before 1 June must also be amended so as to comply. This briefing provides an overview of the key provisions of Decision 11, including the applicable Feed in Tariff ("FIT") rate and corporate investment incentives, which the country undoubtedly hopes will further drive growth in its blossoming renewables sector.

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