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Vietnam Faces Uphill Battle to Harness Renewable Energy

With sunshine throughout the year and exposure to ocean winds, Vietnam would seem like an obvious candidate for renewable energy projects. Yet it has just three big wind farms and no significant solar investment, putting it far behind neighboring Indonesia, Thailand and others in Asia. The reason, critics say, is obvious: price controls. Vietnam keeps a ceiling on electricity prices — on average, about 7 cents per kilowatt hour. Investors say they need a feed-in tariff that’s at least...

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