In the ever-evolving world of energy, furthermore, the installation of solar energy systems and the sale of electricity to power companies have gained significant traction. Additionally, this sustainable and innovative approach to energy generation not only benefits the environment but also presents unique business opportunities. One crucial aspect of engaging in this activity is, therefore, the assignment of a specific business code. In this discussion, we will delve into the importance of the business code for activities related to the installation of solar energy systems and the sale of electricity to power companies.
Question:
The company has installed a solar energy system and wishes to sell electricity back to the power company. Please advise on the business sector code that needs to be added in order to issue invoices for electricity sales to the power company.
Answer:
– For the industry or business sector, the enterprise should refer to the industry code specified in Decision No. 27/2018/QD-TTg dated July 6/2018, issued by the Prime Minister on the Vietnam Economic Industry System.
– The enterprise can refer to the industry code 3512: Transmission and distribution of electricity. Details: Selling electricity to users or selling solar energy (The enterprise does not supply goods or services under state monopoly, and does not operate in accordance with Decree No. 94/2017/ND-CP on goods and services under state monopoly).
– The documents, procedures, and processes for changing industries or business sectors are carried out in accordance with the provisions of Article 56 of Decree No. 01/2021/ND-CP dated January 4/2021, of the government on enterprise registration.
Conclusion
In conclusion, the assignment of a business code for activities involving the installation of solar energy systems and the sale of electricity to power companies is a vital step in ensuring regulatory compliance and facilitating these sustainable ventures. This code not only defines the nature of the business but also aligns it with the appropriate industry standards. It empowers companies to contribute to the green energy revolution while operating within a structured framework. As renewable energy continues to play a pivotal role in our world, consequently, understanding and adhering to the relevant business code is essential for businesses aiming to thrive in this dynamic and environmentally conscious industry.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
