The event was co-organised by the Central Institute for EconomicManagement (CIEM) and Germany’s Friedrich-Ebert-Stiftung (FES)institute during a visit by Dr. Matthias Machnig, Minister for Economy,Labour and Technology of the German state of Thueringen.
Speaking at the event, Machnig highlighted the role of energy in the21st century, saying that the global economy should go in thedirection of sustainable development and “green growth.”
Such a change requires the re-organisation of production systems, consumption structures and people’s lifestyle, he said.
In addition to sharing his country’s policy on energy production andconsumption, the minister recommended a number of policies on the use ofrenewable energy and the reduction of greenhouse effects in Vietnam.
He emphasised the need to have clear policies and strong economic tools in the green growth strategy.
With a long coastline, Vietnam is capable of generating energyfrom wind, Machnig said, adding that the abundant bio-mass resources inrural areas should be utilized for renewable energy.
Vo Tri Thanh, deputy head of the CIEM, briefed about the energyproduction and consumption situation in Vietnam and difficultiesfacing the country in the field. -VNA