Renewable energy development needs more support policy
The development of renewable energy in Vietnam is hindered by inadequate mechanisms, limited technologies and a lack of funding, participants at a workshop in Ho Chi Minh City on March 2 said.
HCM City (VNA) – The development of renewable energy in Vietnam is hindered by inadequate mechanisms, limited tec⛄hnologies and a lack of funding, participants at a workshop in Ho Chi Minh City on March 2 said.
According to Nguyen Dinh Hiep, Vice President of the Vietnam Energy Conservation and Efficiency Association, Vietnam holds huge potential for renewable energy.
Solar energy is abundant with an average solar radiation of 5kWh/m2 per day across the country, while bio-mass output from agricultural production and waste are estimated at 10 million tonnes a year, he said.
Huynh Kim Tuoc, Director of the HCM City Energy Conservation Centre, said Vietnam has only the Law on Energy Efficiency while policies relating to renewable energy remain inadequate.
He pointed to the country’s reliance on imported equipment and products in the field and the lack of a research and training system in the sector, resulting in low management capacity.
Other participants said the high cost for renewable energy projects is also a big challenge to the sector.
Tuoc described renewable energy as the best solution to deal with the country’s energy shortage and called for stronger mechanisms and polices to lure more investors in this field.
The Vietnamese Government has adopted the National Strategy on Energy Development through 2020 with a vision towards 2030 which aims to raise the proportion of renewable energy from 3 percent of the total power generation output in 2010 to 5 percent in 2020 and 11 percent in 2050.
To meet these goals, the Government has outlined various preferential measures to support investors such as tax exemption for equipment import and land use for projects in this field.-VNA
As traditional sources of energy like coal and petroleum are quickly becoming exhausted, resulting in high prices and unstable supply, Vietnam is seeking renewable resources.
Reducing the use of scarce natural resources through measurement of energy efficiency is critically needed to meet the energy demand of a growing economy like Vietnam
Vietnam is making all-out efforts to build a low-carbon economy towards green growth in order to realise the United Nations Framework Convention on Climate Change.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
The Government will always accompany companies, including CMC, and request ministries, agencies, and Hanoi authorities to further support them by promptly removing any obstacles to their growth, said Prime Minister Pham Minh Chinh.
Illustrative image (Source: khampha.vn)
