Making news

Solar Show 2019 underway in Ho Chi Minh City

Vietnam’s leading clean energy event, The Solar Show 2019, is being held in Ho Chi Minh City from April 3-4, attracting thousands of exhibitors and experts from countries and territories worldwide.

The second event of its kind features over 100 brands, nearly 10 percent of which are domestically-made with the latest products and solutions in clean energy.

Experts at the event shared the latest initiatives and successes in the field.

Mai Van Trung, Director of SolarBK Business Development, said SolarBK is the first one in Vietnam to adopt the energy service company (ESCO) model.

According to the Ministry of Industry and Trade’s new draft, solar roof power can charge a maximum of 0.095 USD per kWh.

As the power price recently rose by 8.36 percent in late March, room for solar power in Vietnam remains huge, experts said.

Corporate representatives called for the involvement of financial institutions in efforts to develop the solar power market.

At present, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is assisting firms operating in solar roof power, while the BIDV Insurance Corporation is working with businesses to insure relevant projects.