The Ministry of Industry and Trade has urged the Electricity of Vietnam (EVN) and investors of transitional solar and wind plants to negotiate and agree to fix electricity prices before March 31.
Vietnam’s energy transition is facing challenges, especially as the transition is expected to ensure energy security, power supply, and reasonable costs.
The Ministry of Industry and Trade recently issued the sector’s action plan on climate change response and green growth to 2030, with a vision to 2050.
Vietnamese enterprises should focus on meeting quality requirements and ensuring green and sustainable growth, experts said at the Vietnam-EU Trade Forum held in Ho Chi Minh City on September 29.
The demand for energy for socio-economic development is increasing day by day, while renewable energy sources are facing many inadequacies in transmission to the national electricity grid. The economical and efficient use of energy is considered an effective solution to ensure energy security and contribute to environmental protection.
There needs to be an urgency in the production of electrical energy in Vietnam, with an impending shortage of water at hydropower plants, and solar energy and wind energy not receiving sufficient investments.
Vietnam has striven for 33 percent of renewable energy sources by 2030 according to the government’s National Strategy on Climate Change for the period to 2050.
Some energy efficiency solutions were shared at a workshop in Ho Chi Minh City on July 21, expected to help the southern economic hub achieve green growth and sustainable development in the near future.
Climate change is becoming more and more severe, mainly due to excessive greenhouse gas emissions from socio-economic development activities; therefore, Ho Chi Minh City has urban planning for low-carbon sustainable development.
The draft National Power Development Plan for the 2021 - 2030 period with a vision to 2045 (PDP VIII) clarifies the roadmap to cut down coal-fueled power and increase renewable energy sources, especially wind and gas power, offering a good chance for offshore wind power to thrive, according to experts.
Mr. Nguyen Tuan Anh, Deputy Director of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade said that Vietnam needs US$142 billion for the development of the electricity sector.
Vietnam and Singapore have issued a joint press statement on strengthening strategic partnership and recovery cooperation on the occasion of President Nguyen Xuan Phuc’s State visit to Singapore from February 24-26.
With a solid financial foundation, bright prospects in the medium and long term, stocks of renewable energy companies are attracting more and more investors.
In the framework of VinFuture Science Week, the forum ‘Science for Better Life’ was held yesterday along leading international scientists to discuss the future of energy, AI, and global health with the implementation of science.
Energy connection between ASEAN member countries is an important pillar that needs to be strengthened to ensure energy security for the strong and sustainable development of the ASEAN Community, Deputy Minister of Industry and Trade Dang Hoang An has said.
More than 500 enterprises participated in a conference on sustainable renewable energy development, hosted by the Ministry of Industry and Trade on July 9, to find opportunities to invest in the field.
Vietnam’s energy sector is on the right track developing and using clean and renewable energy, but there are still obstacles ahead to ensure a greener power supply, experts said.
Rapid development of solar power plants has led to overloading on the transmission lines and electrical substations from 110kV to 500 kV in Ninh Thuan and Binh Thuan provinces. Meanwhile, overhead power line projects to transmit power generated by solar power plants have faced several difficulties, especially obstacles in site clearance.
The German House was inaugurated in Ho Chi Minh City on March 26 at a ceremony which also marked the 25-year presence of the German Chamber of Industry and Commerce in Vietnam.
