Over $13 Billion in Solar, Wind Investment at Risk in Vietnam, Industry Letter Says
Vietnam's plans to retroactively change rules on subsidised prices for wind and solar energy could affect more than $13 billion of investments, according to a letter from over two dozen foreign and Vietnamese investors. The proposed changes could undermine broader financial stability and erode confidence in Vietnam as it expands its renewables capacity. Investors warn that the policy shift could result in equity write-offs of nearly 100% for affected projects, jeopardizing significant investment.
- The warning serves as a stark reminder of the complex interplay between regulatory policy and market financing in large-scale infrastructure development.
- Will this incident lead to greater scrutiny of Vietnam's regulatory framework by international investors and policymakers?