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INSIGHTS THIS MONTH

January 2023

HIGHLIGHT OF THIS MONTH

Is Land Acquisition the Real Reason Behind the Unbearable Delay of Solar Projects?

See Edwin Vanderbruggen and Osman Goni’s article on land acquisitions for solar projects in Bangladesh as published in The Business Standard. https://www.tbsnews.net/features/panorama/land-acquisition-real-reason-behind-unbearable-delay-solar-projects-541374

IN THIS ISSUE

Vietnam: Tariff Ceilings Set for Transitional Solar and Wind Power Projects

[From our Vietnam Office]

Ministry of Industry and Trade approved ceiling tariffs for the transitional solar and wind power projects. Please refer to the summary note for details. 

Foreign Loans for Vietnamese Borrowers — Q&A

[From our Vietnam Office]

VDB Loi Vietnam has prepared an updated version of guide answering to the most frequent questions relating to the provision of foreign loans to... 

Circular No. 02 dated 8 January 2023 issued by the Foreign Exchange Investment Department of Bangladesh Bank on “The Simplification of Documentary Formalities for Opening Non-Resident Investors’ Taka Accounts (“NITAs”)”

[From our Bangladesh Office]

Bangladesh Bank provided clarification on the opening of NITAs in the name of NRBs. Per the circular, authorized dealers (“ADs”) should obtain the following... 

Circular No. 01 dated 18 January 2023 issued by the SME and Special Programs Department of Bangladesh Bank on “The Disbursement of Working Capital Loans under the BDT25,000 Crores Refinancing Scheme for Cottage, Micro, Small & Medium Enterprises (“CMSMEs”)”

[From our Bangladesh Office]

Bangladesh Bank has issued further guidelines on its BDT25,000 crores refinancing scheme that was introduced in July 2022 to support CMSMEs. The scheme allows... 

Bill No. 06 dated 22 January 2023 issued by Bangladesh Energy Regulatory Commission (“BERC”) on “Amendment of the Bangladesh Energy Regulatory Commission Act 2003”

[From our Bangladesh Office]

A parliamentary amendment of the Bangladesh Energy Regulatory Commission Act on the adjustment of gas and electricity tariffs has passed. As per the amendment,... 

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