Vietnam’s growing demand for power and energy has attracted many investors, with major US energy groups gearing up for a series of clean energy projects in Vietnam.

The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tây Ninh.

The reduction in carbon emissions achieved was equivalent to taking more than 23,000 petrol or diesel cars off the roads

The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.