Current Date 05 Apr, 2025

Vietnam's renewable energy firms face bankruptcy risk due to pricing changes.

Vietnam's Chamber of Commerce warns of mass bankruptcies among solar and wind power producers due to Vietnam Electricity's retroactive price cuts. The 25-46% revenue reduction threatens 173 projects and $15 billion in investments, potentially creating $7.8 billion in bad debt. This impacts future renewable energy investments crucial for Vietnam's economic growth.