Vietnam keen on pushing for renewable energy: Minister
Vietnam has been actively building energy planning in the direction of reducing thermal electricity, increasing renewable energy and developing gas-fired power in a rational manner, according to Minister of Industry and Trade Nguyen Hong Dien.
Hanoi (VNA) – Vietnam has been actively building energy planning in the direction of reducing thermal electricity, increasing renewable energy and developing gas-fired power in a rational manner, according to Minister of Industry and Trade Nguyen Hong Dien.
Discussing energy-related issues at a recent meeting with Jung In-sub,CEO of Hanwha Energy Group from the Republic of Korea, Minister Dien said Vietnam’s potential for energy production remains verylarge, noting that its biggest problem is how to transmit electricity to areas with high electrical load.
According to the minister, it is a great challenge for Vietnam to deliver on its commitment to achieving NetZero Emissions by 2050. He said many internationalcorporations and organisations have visited Vietnam to explore its policies androadmap for the development of renewable energies.
As there is no room left for the growth of hydro-power and Vietnamdoesn’t want the gas-fired electricity sector to develop too intensively, thecountry will further boost the expansion of the renewables,including solar, wind and wave energies, to balance and sustain all powerresources, the minister stated.
Minister of Industry and Trade Nguyen Hong Dien. (Photo: Ministry of Industry and Trade)
The robust growth of the renewables in recent years has set the scene for a significant cut in power production cost, he added, noting that directpower purchase agreements also allow consumers to access low-cost electricity, andease pressure on the national transmission system and national grid.
In such context, the expansion of transmission grid and development of smart grids or energy storage systems will be useful for Vietnam.
He asked Hanwha to provide Vietnam with consultation indeveloping the renewables and send experts to train Vietnamese policy-makersand others in the field.
Hanwha is the RoK’s multi-industry corporation listed in theworld’s top 500 companies. It has invested in a 100MW solar power plant in Cam Lam, the south-central province of Khanh Ho, which became operational in June 2019.
In early 2022, a joint venture of Hanwha, KoGasand KOSPO, all of the RoK, and Vietnam’s T&T Group received a licence to build an LNG-firedpower plant in Quang Tri with designed capacity of 1,500MW in the first phase./.
Vietnam Electricity (EVN) has proposed to the Government and relevant ministries and sectors a number of measures to ensure power supply, especially in the northern region, including the issuance of mechanisms to develop renewable energy in the region.
The Ministry of Industry and Trade (MoIT) welcomes offers given by developed countries, including the UK, to support Vietnam in building legal frameworks and provide Vietnam with necessary technologies, experience and capital to develop renewable energy in order to realise commitments at the 26th UN Climate Change Conference (COP26), stated Deputy Minister Dang Hoang An.
The Ministry of Industry and Trade has asked for assistance from the Global Wind Energy Council (GWEC) to help Vietnam realise its net zero emissions target by 2050, especially regarding offshore wind power development, said Minister Nguyen Hong Dien at a working session with Mark Hutchinson, chair of GWEC’s Southeast Asia Task Force.
The second Vietnam Clean Energy Forum took place in Hanoi on April 7, offering a venue for managers, scientists and businesses to exchange views on mechanisms, policies, technology and financing for wind, solar and gas power projects towards carbon neutrality.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Illustrative photo. (Source: VNA)
Minister of Industry and Trade Nguyen Hong Dien. (Photo: Ministry of Industry and Trade)
