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

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.

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.

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