Wind turbines in the Mekong Delta province of Bac Lieu. (Photo: VNA)As the 2nd event of this kind in 2023, the forum alsodiscussed strategies to attract investment for the ongoing energy transition processin the country.
In his opening remarks, Nitin Kapoor, Co-Chair of the VBF, said that Vietnam has been actively implementing various policies regarding energytransition, including prioritising renewable energy sources in electricityproduction, and researching new technologies in the field ofelectricity and energy.
On the threshold of the upcoming 28th UN Climate Change Conference of the Parties (COP28) in Dubai, the United Arab Emirates, the forum promoted dialogue between the private sector bothat home and abroad and state management agencies on important issues of theenergy sector, including the upcoming establishment of a national steering committee for key energy projects, he said.
Issues discussed at the event will support the Vietnamese Government’s effortsto achieve international commitments to net zero emissions, Kapoor added.
Luong Quang Huy, Head of GHG Mitigation and Ozone Layer ProtectionDivision under the Deapartment of Climate Change at the Ministry of Natural Resources and Environment (MONRE), briefed participants on energytransition strategies and policies, and updated information on Vietnam'sinternational commitments and energy policy.
Representatives from financial institutions, funding organisations,and power companies also discussed how the public and private sectors can worktogether to promote renewable energy development, and leverage decarbonizationefforts to advance development goals, thus achieving the net zero emission targetand promoting the country's GDP growth.
Kojima Masao, Managing Director, Regional Head of Vietnam, MUFG Bank, Ltd., mentionedmain issues related to power purchase agreement (PPA) between producers and customers,and risk mitigation measures.
On the occasion, the thirdedition of the Made in Vietnam Energy Plan Report (MVEP 3.0) was introduced.
Thereport provides an overview of Vietnam's electricity industry, explains the energy transition process in Vietnam, and existing strategies andpolicies to promote this process. Vietnam’s successes in promoting renewableenergy development, and challenges to achieve the country’s goals are also mentionedin the report.
The report also features experience from economies in the region and aroundthe world in building an effective legal framework to promote the energy transitionprocess as well as ways to arrange capital for renewable energy projects, determine an electricity price roadmap, and ensure national energy security./.
Thereport provides an overview of Vietnam's electricity industry, explains the energy transition process in Vietnam, and existing strategies andpolicies to promote this process. Vietnam’s successes in promoting renewableenergy development, and challenges to achieve the country’s goals are also mentionedin the report.
The report also features experience from economies in the region and aroundthe world in building an effective legal framework to promote the energy transitionprocess as well as ways to arrange capital for renewable energy projects, determine an electricity price roadmap, and ensure national energy security./.
VNA
