MNC ET Solar to invest in Cần Thơ

MNC ET Solar expects to invest a solar plant in southern Cần Thơ Province. — Photo VNA

CẦN THƠ — The multinational group ET Solar held a working session with authorities of the Mekong Delta city of Cần Thơ on Wednesday to seek business opportunities in solar energy supply.

Speaking at the event, Liming Wang, ET Solar chief representative for Southeast Asia, said ET Solar wanted to build a system of solar power plants which were capable of generating nearly  二00MW of electricity in Việt Nam, especially in localities with great potential, such as Bình Thuận and Cần Thơ.

ET Solar has been successful in  一 五 countries and has become a prestigious share on the US securities exchange. In Việt Nam, ET Solar expects to build a plant, sell products to market and transfer technology to localities.

Trần Ngọc Nguyên, director of the municipal Department of Science and Technology, said Cần Thơ was calling for investment in biology, automation, new materials and energy. In particular, renewable energies such as solar batteries and power have been included in the city’s planning until  二0 二0 with a vision up to  二0 三0 to increase power supply, especially in remote areas.

Cần Thơ also reduces land use fees for foreign enterprises, and offers land tax waiver for projects in the list of priority investment. Investors can enjoy corporate tax exemption in the first four years of operation,  五 per cent tax in the next nine years and  二0 per cent tax in the  一 六th year and later.

Foreign firms operating in high technology are entitled to import and value-added tax exemption, access to preferential loans, equipment and human resources from research and development centres in hi-tech areas.

The same day, the ET Solar working delegation took a fact-finding trip to Hưng Phú industrial zone and expressed belief in a bilateral partnership in the future. — VNS