Scene at the congress (Photo: VNA)

Hanoi (VNA) – The Vietnam Energy Association (VEA) will focus on evaluating the potential of different energy sources in Vietnam and developing a strategy for investment in new and renewable energy between now and 2021.

VEA President Tran Viet Ngai made the statement at the association’s third national congress for the term 2016-2020 held in Hanoi on June 24.

The association plans to propose to the government increasing the application of advanced technology to explore crude oil and natural gas at a depth of less than 1,000 metres in the East Sea and on the continental shelf of Vietnam, he said.

It will work closer with its members, such as the Vietnam Oil and Gas Group (PVN), the Vietnam Coal and Minerals Industries Corporation (Vinacomin), and the Electricity of Vietnam (EVN) Group, in preparation for new power projects.

During the term from 2010-2015, the VEA was involved in designing policies for the infrastructure development of the energy industry, promoted the use of made-in-Vietnam mechanical products and services in many electricity projects, and put forward strategic solutions for the economical and effective use of energy.

It has also conducted analysis on the financial issues of power projects and helped them identify barriers to funding access so that proposals for support were sent to the government and related agencies.

At the congress, the association and its members were presented with the State’s Labour Order and the Ministry of Industry and Trade’s certificate of merit in recognition for their works.

Tran Viet Ngai was re-elected as the association’s president.-VNA