Vietnam’s government has signed off an increase to the country’s wind power feed-in tariff (FIT), in a bid to spur higher levels of development in one of the sector’s most promising markets that remains largely untapped.

The country’s Prime Minister approved an increase from the previous flat-rate FIT equivalent to $0.078/kWh to a new level of $0.085/kWh for onshore projects and $0.098/kWh