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.
Illustrative image (Source: Getty Images)The new funding supports USAID’s ongoing efforts to reduce risk and transaction costs for project developers to encourage increased private sector investment in Vietnam’s renewable energy development - a key driver of economic growth and resilience, said a media release from the US Embassy in Vietnam.
Specifically, the new funding announced today will support the TSV and Asia Renewables’ onshore wind farms (350MW) in the Central Highland province of Gia Lai, the INGINE Pacific's pilot off-grid wave technology on Ly Son 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 USAID initiative that helps reduce barriers for investors to mobilise and channel private capital into high-impact areas.
With a growing private sector and international manufacturing and export base, Vietnam has one of the most dynamic emerging economies in the Southeast Asia region, however current investment in energy, infrastructure, and health is insufficient to meet the country’s growth and development objectives, according to the media release./.
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
Environment
Nghe An: Man captured for illegal wildlife transport
Police in Vinh city, the central province of Nghe An, have captured a suspect involved in the illegal transport of 420 rare wildlife animals, including parrots, kangaroos, turtles, and monkeys.
Videos
Vietnam works to prevent biodiversity degradation
Vietnam is recognised as one of the countries with the richest biodiversity in the world with different ecosystems including tropical forests, marine and coastal ecosystems. However, experts from the World Wide Fund for Nature in Vietnam said that Vietnam's biodiversity is degrading.
Environment
Communication campaign calls for wildlife conservation efforts
The central province of Quang Binh, home to the UNESCO-recognised Natural Heritage site of Phong Nha Ke Bang National Park, on April 13 launched a communication campaign in response to the World Wildlife Day (March 3) and the National Biodiversity Restoration Year 2024.
Environment
Saigon Co.op ties up with Winrock International for waste circulation
Saigon Co.op signed an MoU with non-profit Winrock International in HCM City on April 12 to reduce environmental pollution by developing a waste circulation model, enhancing waste separation at source and raising the extended producer responsibility.
Environment
Solutions proposed to tackle growing challenge of electronic waste
Vietnam faces a growing problem with electronic waste (e-waste), according to a study by the Hanoi University of Science and Technology's Centre of Science-Technology and Environment.
