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.
Can Tho (VNA) – The multinational group ET Solar helda working session with authorities of the Mekong Delta city of Can Tho on June14 to seek business opportunities in solar energy supply.
Speaking at the event, ET Solar chief representative for theSoutheast Asia Liming Wang, said ET Solar wants to build a system of solarpower plants which are capable of generating nearly 200MW of electricity inVietnam, especially localities with great potential such as Binh Thuan and CanTho.
ET Solar has been successful in 15 countries and become aprestigious share on the US securities exchange. In Vietnam, ET Solar expectsto build a plant, sell products to market and transfer technology tolocalities.
Director of the municipal Department of Science andTechnology Tran Ngoc Nguyen said Can Tho is calling for investment in biology,automation, new materials and energy. In particular, renewable energies such assolar batteries and power have been included in the city’s planning until 2020with 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. Investorscould enjoy corporate tax exemption in the first four years of operation, 5percent tax in the next 9 years and 20 percent tax in the 16th yearand later.
Foreign firms operating in high technology are entitled to importand value-added tax exemption, access to preferential loans, equipment andhuman resources from research and development centres in hi-tech areas.
The same day, the ET Solar working delegation took afact-finding trip to Hung Phu industrial zone and expressed belief in bilateralpartnership in the future.-VNA
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Illustrative image (Source: VNA) 
