Prime Minister Pham Minh Chinh received Mathias Cormann, Secretary General of the Economic Cooperation and Development Organisation (OECD) in Paris on November 5 (local time) during his official visit to France.
A workshop on cooperation opportunities in clean and renewable energy development between Vietnam and Quebec of Canada took place on October 21 in both online and face-to-face forms, attracting the participation of Canadian scholars and representatives from businesses of the two countries.
Vietnam has shown the world its capability to accelerate clean energy solutions, with the highest installed capacity of solar power in Southeast Asia and the government’s commitment to boosting energy supply and strong public demand for improved air quality, according to the Malaysia-based Techwire Asia news website.
Vietnam is making rapid strides in shifting from fossil fuels to clean energy in the post-COVID-19 world, according to a recent article published by the website asiatimes.com.
Contractors building eight wind power plants in Soc Trang province have promised to speed up work so that they can begin generating electricity before the end of October.
The Asian Development Bank (ADB) signed a 116-million-USD green loan with three Vietnamese firms to finance the construction and operation of three 48-megawatt (MW) wind farms, totaling 144 MW, in the central province of Quang Tri.
Prime Minister Pham Minh Chinh suggested the UK Government continue its support to Vietnam in finance, technology, and experience in transitioning towards a low-carbon economy, while receiving Alok Sharma, British Cabinet Minister and President of the 26th United Nations Climate Change Conference (COP 26), in Hanoi on May 28.
Indonesia has depended much on imported fossil fuels in recent years, but the country’s Government is working to further reduce the import and phase it out by 2030.
Singapore will harness four switches to transform and diversify energy supply, so as to achieve its vision of a clean and efficient energy future, Tan See Leng, Singaporean Second Minister for Trade and Industry, said at a parliament meeting on January 5.
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) on October 9 signed a 186 million USD loan to develop and operate a 257 megawatt (MW) solar power plant in the southern province of Phu Yen’s Hoa Hoi, through the country’s first certified green loan.
A 30MW solar power station located in Krakor district, Pursat province of Cambodia,has been connected to the country’s national grid as it enters its testing and commissioning phase.
The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country.
National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors.
Ambassador Gareth Ward said: “Vietnam has the potential to lead the Southeast Asia in the transition to sustainable energy. He also said that since 1990, the United Kingdom has reduced emissions by 42% while continuing economic growth of 72%.
To promote the development of renewable energy, there should be a prioritised policy mechanism on electricity prices and loan interest rates, according to Dr. Nguyen Manh Hien, President of the Scientific Council at the Vietnam Clean Energy Association.
Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.