JavaScript is off. Please enable to view full site.

Samsung eyes investment in rooftop solar power projects in Ho Chi Minh City

Samsung eyes investment in rooftop solar power projects in Ho Chi Minh City

Thursday, January 25, 2024, 17:05 GMT+7
Samsung eyes investment in rooftop solar power projects in Ho Chi Minh City
Ho Chi Minh City chairman Phan Van Mai (L, 2nd) speaks with World Bank country director for Vietnam Carolyn Turk (R, 2nd) at the 'Investment Conference for Ho Chi Minh City’s Green Growth' on January 24, 2024. Photo: T.T.D. / Tuoi Tre

Samsung desires to cooperate with the Ho Chi Minh City administration to tap into the rooftop solar power industry, heard an investment promotion conference in the southern metropolis on Wednesday afternoon.

A Samsung representative told the ‘Investment Conference for Ho Chi Minh City’s Green Growth’ that the firm is currently awaiting guidelines on legal procedures so that it can get a foot in the door.

The representative also proposed the municipal administration remove obstacles standing in the way of the company's investment in solar power projects. 

Vo Van Hoan, vice-chairman of the Ho Chi Minh City People’s Committee, suggested that Samsung invest in the coverage of rooftop solar panels for the entire Saigon Hi-Tech Park, where one of Samsung’s Vietnam factories is currently located.

He also told the management board of the Saigon Hi-Tech Park to develop a list of supportive policies for Samsung and submit it to the municipal administration for consideration.

Vice Chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan (L, first) speaks at the Investment Conference for Ho Chi Minh City’s Green Growth on January 24, 2024. Photo: T.T.D. / Tuoi Tre

Vice-chairman of the Ho Chi Minh City People’s Committee Vo Van Hoan (L, 1st) speaks at the 'Investment Conference for Ho Chi Minh City’s Green Growth' on January 24, 2024. Photo: T.T.D. / Tuoi Tre

Speaking at the event, Phan Van Mai, chairman of the municipal People’s Committee, said that the city aims to lower carbon emissions by 10 percent by 2030 in a bid to build an efficient and safe living and working environment.

The city is prioritizing multinational cooperation and calling on companies to gradually switch to sustainable and green economic growth.

The Saigon Hi-Tech Park is moving toward becoming the first net-zero industrial zone in Vietnam.

The management board of the park mooted that the central government pilot some mechanisms and policies related to direct power purchase and the trading of carbon credits.

Moreover, the board also suggested that the World Bank and the municipal administration build a roadmap to turn the park into a smart and net-zero city by 2030.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tieu Bac - Thao Le - Nhu Binh - T.T.D. / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Latest news