Mr. Ousmane Dione said, currently WB is trying the best to find the ways to attract the international experts and private capitals for RE market in Vietnam. Therefore, it is suggested that Vietnam should soon create a legal framework, improve mechanisms and policies, firstly the existing regulations on RE prices. Beside the current feed in tariff (FiT) mechanism, the investment in procurement for RE projects through the auction system with samples of the international banks will allow Vietnam to cut the costs.
The Minister Tran Tuan Anh promised to consider this proposal of WB and carefully weigh it for each type of RE and informed that in recent years, the Vietnamese government has paid considerable attention to the development of renewable energy such as issued the strategy of RE development, set specific targets for each type of RE in the National Power Planning No VII (revised project).
