Green Energy Bets In Vietnam Need Clearer Rules, Report Says.

Vietnam's rapid economic growth and increasing importance in the global supply chain have led to a surge in demand for clean energy. However, a report by the Vietnam Business Forum's Power and Energy Working Group highlights the need for clearer regulation and policy to support this clean-energy boom. The report emphasizes that Vietnam lacks clarity on policy and pricing, which undermines investor confidence and slows progress. To attract more renewable energy investments, power purchase agreements need to conform to international standards. The government's reluctance to guarantee agreements between investors and the state monopoly Vietnam Electricity Group poses a challenge to funding projects. Additionally, power blackouts in Northern Vietnam have raised concerns about the country's electricity supply. [Extracted from the article]