Since the beginning of the COVID19 pandemic in early 2020, Vietnam has committed at least USD 472.57 million to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:
- No public money commitments identified for unconditional fossil fuels
- No public money commitments identified for conditional fossil fuels
- Some public money committed for unconditional clean energy (1 policy with the value of public money unquantified)
- No public money commitments identified for conditional clean energy
- At least USD 472.57 million for other energy through 1 policy (1 quantified)
Supporting fossil fuel energy
Supporting clean energy
By energy type, no public money commitments identified for oil and gas.
In addition, no public money commitments identified for coal.
Further, no public money commitments identified for hydrogen based on fossil fuels.
Finally, no public money commitments identified for multiple fossil fuels.
A considerably larger amount of public money committed to supporting the economy and people of Vietnam through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.
These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.
Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 16 September 2020
|Read more||Jurisdiction||Category||Policy name||Policy type||Sector||Energy type||Stage||Mechanism||Legislation and endorsing agency||Arm of Government||Primary and secondary stated objective of the policy||Date of entry into force||Implemented repeal date, if any||Value as stated (specify currency)||Value committed, national currency||Value committed, USD||Value disbursed, national currency||Date of announcement||Value disbursed, USD||Policy background||Links to official sources||Links to additional sources|
|National||clean unconditional||Incentives for development of solar energy in Vietnam (Decision 13)||Fiscal||Power generation||Solar||Electricity generation||New or extended regulation (IT)||Prime Minister's Office||Government||22/05/2020||VND||Unquantified||0||Unquantified||06/08/2020||Unquantified||Decision 13/2020/QD-TTg from the Prime Minister of Vietnam details new mechanisms for encouraging the development of solar energy projects in Vietnam including both roof top and grid connected projects, as well as new feed-in-tariff (“FiT”) rates.||
http://vanban.chinhphu.vn/portal/page/portal/chinhphu/hethongvanban?class_id=1&_page=1&mode=detail&document_id=199694 Accessed 25 August 2020
https://www.wfw.com/articles/decision-13-insights-into-the-future-of-vietnams-solar-industry/ Accessed 25 August 2020
|National||other energy||Three month reduction in electricity prices||Fiscal||Multiple sectors||Multiple energy types||Energy use (all energy types, consumption in transport, household use, buildings etc)||Budget or off-budget transfer (DT)||Ministry of Industry and Trade||Government||Ease impacts of COVID-19 on health facilities, workers, and families.||16/04/2020||30/07/2020||VND||11,000.00 billion||472569490||Unquantified||11/11/1111||Unquantified||A temporary three-month 10% reduction in electricity prices for people and businesses and a 100% reduction for health facilities and concentrated isolation areas. Customers who use less than 300 kWh / month will be supported with over 10% of the monthly electricity bill. Those eligible are mainly workers and public employees who were severely affected by the COVID-19 epidemic.||
https://www.evn.com.vn/userfile/User/tcdl/files/VB%202698%20cua%20Bo%20CT%20ve%20giam%20gia%20dien.PDF Accessed 25 August 2020
https://baoxaydung.com.vn/dich-covid-19-bo-cong-thuong-de-xuat-giam-10-gia-dien-ho-tro-nguoi-dan-va-doanh-nghiep-276204.html Accessed 25 August 2020