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[BUSINESS] · Vietnam · 2 sources

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Vietnam implements new energy and cultural industry policies

Hanoi has introduced a support policy for rooftop solar power development for the 2026–2030 period. The initiative targets individual households that meet specific regulatory requirements. Households installing solar systems with a capacity of 1 kWp or more will receive 1 million VND per kWp, capped at 3 million VND per system. Additionally, those who install integrated energy storage systems with a minimum capacity of 1 kWh can receive 1 million VND per kWh, also capped at 3 million VND. This allows for a total maximum support of 6 million VND per household. The city expects to allocate approximately 158.76 billion VND from the municipal budget to implement this policy through 2030.

In Ho Chi Minh City, the People's Council has approved several policies to bolster the cultural industry. These measures aim to mobilize social resources and support activities in arts, cinema, cultural institutions, and heritage preservation. The city plans to utilize its diverse resources, including historical sites and major music festivals, to build a creative economy. Proposed actions include allocating land for creative urban clusters and large-scale cultural production centers. Furthermore, the city has approved a policy to train and develop artistic talent, with an expected annual budget of 13.48 billion VND.

Entities

Hanoi · Ho Chi Minh City · People's Council of Ho Chi Minh City