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ROK-funded project to foster energy efficiency in Vietnam’s industry

The Republic of Korea’s government will provide 1.9 million USD in financial aid for a project promoting energy saving in Vietnam’s industrial sector.
ROK-funded project to foster energy efficiency in Vietnam’s industry ảnh 1The project “Promoting Investment Market for Energy Efficiency in Industrial Sector in Vietnam” was launched by the Ministry of Industry and Trade’s Department of Energy Saving and Sustainable Development and the Korea International Cooperation Agency (KOICA). (Photo: baocongthuong.com.vn)

Hanoi (VNA) – The Republic of Korea’s governmentwill provide 1.9 million USD in financial aid for a project promoting energysaving in Vietnam’s industrial sector.

The project “Promoting Investment Market for EnergyEfficiency in Industrial Sector in Vietnam” was launched by the Ministry ofIndustry and Trade’s Department of Energy Saving and Sustainable Developmentand the Korea International Cooperation Agency (KOICA) last week.

The project is part of the World Bank-funded “VietnamEnergy Efficiency for Industrial Enterprises (VEEIE)” project that offers 101.7million USD to give domestic industrial enterprises better access to loans forenergy efficiency investment.

The financing provided by the WB includestwo components – 100 million USD used on developing energy-saving projects forkey industries and 1.7 million USD spent on technical assistance for thoseprojects.

The WB project aims to foster the development of energyservice companies and to facilitate the implementation of energy saving andenergy efficiency projects. It will aid the country’s efforts to reducegreenhouse gas emissions and protect the environment.-VNA
VNA
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