Hanoi (VNA) – The Ministry of Industry and Trade (MoIT), in collaboration with the Ministry of Finance and the Korea International Cooperation Agency (KOICA), held a workshop to review the project on promoting the energy-saving and efficiency investment market under Vietnam’s green growth action plan in Hanoi on September 25.
The event gathered about 100 delegates from the MoIT, Ministry of Finance, KOICA, Korea Energy Agency (KEA), industry, international organisations, and experts in green energy.
Addressing the event, Nguyen Thi Lam Giang, Director General of the Department of Innovation, Green Transition and Industry Promotion (MoIT), stressed that the KOICA-funded project demonstrates the effective partnership between the Governments of Vietnam and the Republic of Korea (RoK).
After more than three years of implementation, the project has fostered investment in industrial energy-saving solutions toward green growth targets and strengthened the capacity of regulators, businesses, and financial institutions in project appraisal and execution.
The initiative, running from 2021 to 2025 nationwide, focuses on reducing energy intensity, ensuring energy security for socio-economic development, and cutting greenhouse gas emissions. The Ministry of Finance (MOF) oversees components related to green growth.
Key components include energy-saving investment planning, enforcement of energy consumption standards and technical guidelines, industrial energy efficiency, and green growth action plans. Additionally, these efforts involve provincial-level research and planning, as well as communication on energy efficiency and green growth.
Lee Byung Hwa, KOICA Country Director in Vietnam, noted that the project has strengthened bilateral cooperation in industrial energy efficiency, green finance, and sustainable development. It developed and revised energy consumption benchmarks for key industries such as steel, cement, paper, and textiles, and organised capacity-building programs that shared the RoK’s expertise with Vietnamese stakeholders.
The project also supported feasibility studies, provincial green growth planning, and climate investment research, providing a foundation for practical investments and policy frameworks to encourage broader participation from financial institutions and private businesses.
Le Viet Anh, Deputy Director General of the Department of Sectoral Economy and Finance under the MOF, said the project has helped 10 provinces finalise green growth action plans and advanced institutional frameworks for green investment. He reaffirmed the ministry’s commitment to continued coordination with partners to mobilise resources and improve the legal environment for green finance.
The workshop featured seven presentations by Vietnamese and Korean experts, covering project achievements, sectoral energy efficiency regulations, climate investment classification, and lessons from pilot projects. Lively discussions followed, with practical recommendations from enterprises, local authorities, and international organisations./.
