Vietnam: Solar energy provider ET Solar wishes to invest in Can Tho

Vietnam: Solar energy provider ET Solar wishes to invest in Can Tho

The multinational group ET Solar held a working session with authorities of
the Mekong Delta city of Can Tho on June 14 to seek business opportunities
in solar energy supply.

Speaking at the event, ET Solar chief representative for the Southeast Asia
Liming Wang, said ET Solar wants to build a system of solar power plants
which are capable of generating nearly 200MW of electricity in Vietnam,
especially localities with great potential such as Binh Thuan and Can Tho.

ET Solar has been successful in 15 countries and become a prestigious share
on the US securities exchange. In Vietnam, ET Solar expects to build a
plant, sell products to market and transfer technology to localities.

Director of the municipal Department of Science and Technology Tran Ngoc
Nguyen said Can Tho is calling for investment in biology, automation, new
materials and energy. In particular, renewable energies such as solar
batteries and power have been included in the city's planning until 2020
with a vision till 2030 to increase power supply, especially in remote
areas.

Can Tho also reduces land use fees for foreign enterprises, and offers land
tax waive for projects in the list of priority investment. Investors could
enjoy corporate tax exemption in the first four years of operation, 5
percent tax in the next 9 years and 20 percent tax in the 16th year and
later.

Foreign firms operating in high technology are entitled to import and
value-added tax exemption, access to preferential loans, equipment and human
resources from research and development centres in hi-tech areas.

The same day, the ET Solar working delegation took a fact-finding trip to
Hung Phu industrial zone and expressed belief in bilateral partnership in
the future.

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Link to Original Article:
http://en.vietnamplus.vn/solar-energy-provider-et-solar-wishes-to-invest-in-
can-tho/113318.vnp

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com