Vietnam pushes for energy restructuring: official

Vietnam is determined to restruct its enegy sector, said Deputy Minister of Industry and Trade Dang Hoang An at the 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) held in Hanoi on January 24.
Vietnam pushes for energy restructuring: official ảnh 1The Bac Lieu wind power plant in Vinh Trach Dong Commune, Bac Lieu City. (Photo: VNA)
Hanoi (VNA) – Vietnam is determined to restructure its energy sector, said Deputy Minister of Industry and Trade Dang Hoang An atthe 4th High-Level Meeting of the Vietnam Energy Partnership Group (VEPG) heldin Hanoi on January 24.

Gathering more than 150 delegates, the hybrid-format event lookedback at achievements and contributions of the VEPG over the pastfour years of operation as a high-level policy dialogue platform connecting theVietnamese Government with development partners and stakeholders to promote thedevelopment of the nation’s energy sector.

An important highlight of the function was the introductionof the five new technical working groups including: Power Sector StrategicPlanning, Renewable Energy, Grid Integration and Grid Infrastructure, EnergyEfficiency, and Energy Market.

In his remarks, An said the development results of the energysector saw a significant contribution of the VEPG via its 40 policyrecommendations.

He affirmed that over the years, the group fulfilled itsrole as a high-level policy dialogue forum between the Government of Vietnamand international partners, connecting international support to promote thedevelopment of the local renewable energy market.

According to An, in 2021, the VEPG restructuredits technical working groups, identified key topics tailored to the country'surgent needs, as well as leveraging supporting resources, both domestically andinternationally.

“By cooperating with ministries, departments, sectors andlocal and foreign partners, the VEPG will support the government in developingeven stronger measures to reduce greenhouse gas emissions to achieve net-zeroemissions by 2050," he stated.

"Vietnam’s commitment to embarking on an energy transitiontowards a cleaner, greener energy mix and more efficient use of energy is animportant contribution, not only to the sustainable development of its economybut also to the global fight against climate change. The EU - as many otherdevelopment partners that have gathered today - is here to provide support andexpertise to make this energy transition happen, while ensuring access toaffordable energy for all and protecting Vietnam's competitiveness at local, aswell as international level,” said Giorgio Aliberti, Ambassador of the European Union to Vietnam.

The EU will continue to provide financial support for theoperation of the VEPG and will work with MOIT on a roadmap for the long-termfinancial sustainability of the partnership, he stressed.

Carolyn Turk, Country Director of the World Bank in Vietnam,noted the World Bank looks forward to continuing its support for the Governmentof Vietnam in expanding the energy sector in a greener, more sustainable way.

In a high-level thematic panel discussion, participating delegatesexchanged ideas around the Power Development Plan VIII under the Vietnamese Government’sdirection on sustainable energy transition, as well as the results and impactsof the 26th United Nations Climate Change Conference (COP26) on the orientationof Vietnam's energy sector. International experience and recommendations wereshared with the aim of removing technical and investment bottlenecks for the country’ssustainable energy transition./.
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