Environment

USAID helps Vietnam promote renewable energy projects

The United States Agency for International Development (USAID) announced 860,000 USD in assistance for three renewable energy projects in Vietnam during the fourth Indo-Pacific Business Forum on October 28.
USAID helps Vietnam promote renewable energy projects ảnh 1Illustrative image (Source: Getty Images)
Hanoi, October 29 (VNA) - The United States Agency for InternationalDevelopment (USAID) announced 860,000 USD in assistance for three renewable energyprojects in Vietnam during the fourth Indo-Pacific Business Forum on October28.

The newfunding supports USAID’s ongoing efforts to reduce risk and transaction costsfor project developers to encourage increased private sector investment inVietnam’s renewable energy development - a key driver of economic growth andresilience, said a media release from the US Embassy in Vietnam.

Specifically, the new funding announced today will support theTSV and Asia Renewables’ onshore wind farms (350MW) in the Central Highlandprovince of Gia Lai, the INGINE Pacific's pilot off-grid wave technology on LySon island, central Quang Ngai province, and the Bamboo Capital Group's (BCG)offshore wind farms in southern Ca Mau (300MW) and Tra Vinh (200MW) provinces.

The funding is being provided through USAID INVEST, a global USAIDinitiative that helps reduce barriers for investors to mobilise and channelprivate capital into high-impact areas.

With a growing private sector and internationalmanufacturing and export base, Vietnam has one of the most dynamic emergingeconomies in the Southeast Asia region, however current investment in energy,infrastructure, and health is insufficient to meet the country’s growth and developmentobjectives, according to the media release./.
VNA
#Vietnam#USAID#renewable energy#projects#assistance
Follow VietnamPlus

Related News

USAID launches projects to support disabled people in Quang Tri

USAID launches projects to support disabled people in Quang Tri

The US Agency for International Development (USAID) together with the People's Committee of Quang Tri province and the National Action Center for Toxic Chemicals and Environmental Treatment (NACCET) on September 1 held an online event to launch USAID-funded projects to support people with disabilities in the central province.
USAID funds 2 million USD to improve Vietnam’s innovation workforce

USAID funds 2 million USD to improve Vietnam’s innovation workforce

The freshly-launched Vietnam Workforce for an Innovation and Start-up Ecosystem (WISE) project funded by the US Agency for International Development (USAID) with an amount of around 2 million USD is expected to help improve Vietnam’s human resources working in this field.

See more

Kon Plong district in the Central Highlands province of Kon Tum (Photo: VNA)

3.7 magnitude earthquake hits Kon Tum

A 3.7 magnitude earthquake hit Kon Plong district in the Central Highlands province of Kon Tum on October 23 evening, according to the Earthquake Information and Tsunami Warning Centre under the Institute of Geophysics.

Nha Trang Bay covers nearly 250 km2 and is one of the 16 marine protected areas in Vietnam. (Photo: VNA)

Nha Trang bay marine ecosystem records positive recovery

The marine ecosystem of the Nha Trang bay in the south-central province of Khanh Hoa has gradually shown positive recovery after more than 1.5 years implementing concerted solutions under a masterplan to preserve and restore coral reefs there.

At the ENV's press conference on October 22. (Photo: VNA)

ENV helps Vietnam do away with bear farming

The Education for Nature – Vietnam (ENV), Vietnam’s first non-governmental organisation focused on wildlife conservation, organised a press conference on October 22 to review its efforts over the past two decades to end bear farming for bile in the country.

Plastic bottles arranged to create a beautiful ceiling lighting system. (Photo: VNA)

Vietnam promoting circular economy through waste, packaging recycling

Sorting, collecting, and recycling packaging is one of the solutions that not only helps regenerate products but also effectively reduces environmental pollution, heard a conference on circular economy held within the framework of the Green Economy Forum and Exhibition (GEFE) 2024 in Ho Chi Minh City on October 22.

Reviving 'Green Belt' in south-central region

Reviving 'Green Belt' in south-central region

Mangrove forests are a unique and rare ecosystem that form in coastal areas and river estuaries that are influenced by tidal effects. Occupying just over 1% of Vietnam’s total forest area (14.4 million ha), yet they play a pivotal role in mitigating the impact of climate change.

UNDP recommends Can Tho establish river waste collection system

UNDP recommends Can Tho establish river waste collection system

The Mekong Delta city of Can Tho generates approximately 650 tons of waste daily. While the garbage collection rate is relatively high at 85%, the city continues to struggle with waste management that ends up in waterways, floating markets, rivers, and lakes.

Minister Counsellor Nguyen Hoang Nguyen, Deputy Head of the Permanent Delegation of Vietnam to the UN, speak at the debate. (Photo: VNA)

Vietnam raises suggestions at UNGA’s environmental, climate debate

Minister Counsellor Nguyen Hoang Nguyen, Deputy Head of the Permanent Delegation of Vietnam to the UN, on October 16 recommended several issues that the organisation and its member states should prioritise and promote in the coming time, at a meeting hosted by the Economic and Financial Committee of the UN General Assembly (UNGA)’s 77th Session.

Representatives from ministries, agencies and organisations at the launch of the ASEAN Eco-Schools Vietnam Award 2024. (Photo: baotainguyenmoitruong.vn)

ASEAN Eco-schools Award launched in Vietnam

The Ministry of Natural Resources and Environment, in coordination with the Office of the ASEAN Senior Officials on the Environment (ASOEN) in Vietnam and relevant units, held a ceremony on October 14 to launch the ASEAN Eco-Schools Vietnam Award 2024.

The National Forestry Planning for the 2021 – 2030 period, with a vision to 2050 sets a target of forest coverage rate of 42-43%. (Photo: VNA)

National Forestry Planning announced

The Ministry of Agriculture and Rural Development (MARD) has set a target of reaching a stable national forest cover rate of 42-43%, focusing on improving forest quality by 2030.

Delegates at second AZEC Leaders' Meeting (Photo: VNA)

PM urges drastic action for net-zero emission in Asia

Prime Minister Pham Minh Chinh has urged countries to take more drastic actions, with stronger will and determination, to tackle climate change, aiming for net-zero emissions across Asia as soon as possible.

Illustrative photo (Photo: VNA)

Vietnam observes International Day for Disaster Risk Reduction

The Ministry of Agriculture and Rural Development coordinated with the United Nations (UN) representative agencies in Vietnam and the Thua Thien-Hue provincial People's Committee on October 11 held a ceremony in response to the International Day for Disaster Risk Reduction and ASEAN Day for Disaster Management in Hue city.

A view of the K50 Waterfall (Hang En Waterfall) in the Kon Ka Kinh National Park in the Central Highlands province of Gia Lai. (Photo: VNA)

Network to connect ASEAN Heritage Parks in Vietnam

The Ministry of Natural Resources and Environment (MoNRE) is developing a network to connect ASEAN Heritage Parks (AHPs) in Vietnam, as part of activities in implementing the National Biodiversity Strategy to 2030, with a vision for 2050.

At the event (Photo: VNA)

Vietnam’s forestry sector leads in achieving net negative emissions

Forestry is now the only sector capable of achieving net negative emissions, thanks to the Government's forestry development policies, including the closure of natural forests, forest protection and development, coupled with international sponsorship, said Director of the Forestry Department Tran Quang Bao.

An entrepreneur pitches his ideas to the panel of experts at the workshop. (Photo: VNA)

Forest programme boosts local businesses

Vietnam has increased forest coverage from 23% in 1994 to more than 45% today, demonstrating a remarkable commitment to forestation, according to Alexis Corblin, Regional Technical Advisor of the United Nations Environment Programme (UNEP).

PM Pham Minh Chinh chairs the meeting (Photo: VNA)

PM urges drastic action for green transition

Prime Minister Pham Minh Chinh on October 2 called for stronger determination and more drastic action to combat climate change, stressing that green transformation, energy transition, and greenhouse gas emission reduction are inevitable and irreversible trends.