Developing renewable energy is one of the priorities of Vietnam to gradually reduce the dependence on traditional forms of power generation in order to protect the environment and promote sustainable development of the country and others in the region, Deputy Minister of Industry and Trade Cao Quoc Hung said at an international workshop in Hanoi on March 12.
Hanoi (VNA) – Developing renewableenergy is one of the priorities of Vietnam to gradually reduce the dependenceon traditional forms of power generation in order to protect the environmentand promote sustainable development of the country and others in the region,Deputy Minister of Industry and Trade Cao Quoc Hung said at an internationalworkshop in Hanoi on March 12.
The ministry forecast that from now to 2030,Vietnam’s economy will continue growing at an annual rate of 6.5-7.5 percent.
According to the national electricitydevelopment plan approved by the Government, the national power installationcapacity will reach 130,000MW in 2030 while the current figure is 47,000MW.
By 2030, Vietnam will be able to generate about8,000MW of hydropower; 20,000MW of wind power; 3,000MW of biomass power; and35,000MW of solar power.
Electricity generated from renewable energysources will increase to 101 billion kWh in 2020; 186 billion kWh in 2030 and452 billion kWh in 2050 from 58 billion kWh in 2015.
Hung said to encourage the development ofrenewable energy, his ministry has built and submitted to the Government anumber of mechanisms to develop solar and wind power.
The Government has promulgated incentives forinvestors to boost investment in the field. As a result, by the end of 2018,the country put into operation 285 small hydropower, eight wind power, and 10biomass power plants, with combined capacity of each category reaching 3,322MW,243W and 212MW respectively, he added.
The workshop was co-organised by the VietnamEnergy Association and the UK Embassy in Hanoi.-VNA
Vietnam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.
Renewable energy could become Vietnam’s lowest-cost option to meet its energy needs, according to a whitepaper released by global management consulting firm McKinsey & Company on January 23.
Vietnam is in the early stages of developing renewable energy sources and needs to introduce more incentive policies to attract more investment, experts have said.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
At the workshop (Photo: VNA)
