Despite Viet Nam's great potential, there has been no significant commercial production from renewable energy sources (i.e., geothermal, solar, wind, tidal, wood or waste ) so far, as production costs are seemingly too high to be attractive for the state-owned single buyer, Electricity of Viet Nam Group (EVN, section 4.4.2.1). In recent years, the authorities have become more aware and involved in renewable energy and energy efficiency development in order to contribute to national energy security and to cope with future electricity shortages while diminishing carbon fuel dependence. In 2007, Prime Minister's Decision No. 130 provided for tax breaks, land-leasing preference, and investment credits for a Clean Development Mechanism (CDM) also covering wind-power plants, as part of a global UN initiative; the Government indicated its intention to subsidize some CDM projects through the Vietnam Environmental Protection Fund. A June 2010 Law on Energy Saving and Efficiency (which entered into force on 1 January 2011) provides for incentives for energy efficiency and conservation as well as clean er production measures, and new environmental tax measures to promote energy efficiency and renewable energy indirectly by introducing taxes on oil, gas, and coal, and specific pollutants. A Prime Minister Decision was passed in September 2011, promulgating the list of devices and equipment subject to energy labelling, the application of the minimum energy efficiency requirements, and the relevant implementation roadmap until 2014. MOIT Circulars regulating the training and issuing of certificates for energy administration and energy auditing, energy labelling for means and equipment of energy utilization, the planning and report of the implementation schedule for energy saving and efficiency, and the implementation of energy auditing were issued in 2011 and 2012. An October 2012 National Targeted Programme on Energy Saving and Efficiency, and phase 2012-2015, budgeted at ₫930 billion, provides for wide-ranging action involving several other activities (e.g. steel, cement, textiles and apparel, construction, transportation) aimed at achieving savings of 5%-8% of the total energy consumption of the country. The MOIT has submitted to the Government projections to increase the share of non-hydro renewables (including wind power, geothermal power, solar power, and biofuels), in total primary commercial energy from around 2% to 3% in 2010, 5% in 2020, and 11% in 2050. In March 2011, MOIT was urged to complete policies to support wind projects and set up favourable conditions for investors. As a result, in 2012 regulations were issued on the mechanism for developing wind power, implementation of wind-power development projects, and samples of power sale-purchase contracts for wind-power projects. Under the solar-power cooperation programme between France and Viet Nam, a solar station was installed in Ho Chi Minh City to provide electricity for the Gia Lai, Quang Nam, and Binh Phuoc provinces.338 Following the passing of the AtomicEnergy Law in June 2008, construction of two nuclear power plants was approved in 2009. In 2010, the Russian Federation's Rosatom was awarded a contract to build Viet Nam's first nuclear power plant (Ninh Thuan 1) and put it into operation by 2020; and Japan was to build a second plant (Ninh Thuan 2) operational in 2021. Despite the Fukushima accident in Japan, the Government decided to continue with its nuclear power programme and put emphasis on serious safety considerations. The Viet Nam Atomic EnergyCommission estimates that nuclear power could provide 15%-20% of the country's energy requirement by 2030. No further relevant information on the progress of plans (e.g. stages, cost, and beneficiaries) was available from the authorities.
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