Vietnamese solar cells imported into the US are exempt from tax - Bestiani

On June 6, US President Joe Biden announced a 24-month tax exemption for solar panels imported from four Southeast Asian countries, including Vietnam.

In the announcement “Declaration of State of Emergency allows temporary extension and duty-free import of solar cells and modules from Southeast Asia” (registered by President Biden on the White House website) said the tax exemption applies to imported solar panels from Vietnam, Cambodia, Thailand and Malaysia to promote clean energy production in the country. water.

With this decision, the US can secure a sufficient supply of parts to meet power generation needs while domestic solar power production increases.

The announcement also highlights that clean energy technologies now play an important part in reducing energy costs for homes, reducing risks to the electricity supply in the United States.

The US aims to triple the amount of solar electricity produced in the country by 2024, from 7.5 gigawatts to 22.5 gigawatts, enough to power 3.3 million domestic households each year.

ST source of government electronic newspaper