In September 2011 the Government of Vietnam implemented the National Power Development plan to promote energy security, efficiency, renewable energy deployment and power market liberalisation. The goal is to increase the percentage of electricity production from renewable energy sources to 4.5% in 2020 and 6% by 2030 from 3.5% in 2010.
The Plan includes installed capacity targets per technology declining as follows:
Installed capacity generation targets for Vietnam
Pumped storage hydropower
Natural gas fired
First reactor to be operational
Also, the deployment of wind energy is set as a priority for Vietnam which has a good resource endowment for this technology.
Feed-in tariff for wind plants:
As of June 2011 the government fixed the price the Vientam Electricity company ENV must pay for wind energy purchase at VND 1,614/kWh, equivalent to EUR 0.00006/kWh and entitled ENV for a subsidy of VND 207/kWh of purchased wind power.
Tac relief for wind projects:
As of August 2011, wind power developers are exempted from import duties on equipment and from corporation tax rates.