Vietnam energy prospects 2019 announced

A report on Vietnam energy prospects was announced by the Ministry of Industry and Trade (MOIT) in collaboration with the Danish Ministry of Energy, Utilities and Climate, providing an overview of Vietnam's opportunities and challenges faced in developing sustainable energy.
Vietnam energy prospects 2019 announced
At the event

The announcement of Vietnam Energy Outlook Report 2019 was hosted in Hanoi on November 4 by the two ministries and the Embassy of Denmark in Vietnam.

At the event, Jakob Stenby Lundsager, Long Term Advisor to MOIT for the Danish Energy Partnership Programme in Vietnam, said that Vietnam has imported pure coal since 2015 and the trend is increasing. From 2020 to 2030, fuel imports will increase by 3 and by 2050 will be 8 times higher than at present. This shows that, three-fourths of Vietnam's energy consumption is from imported energy.

Therefore, Jakob Stenby Lundsager proposed, Vietnam will soon study the reduction of future coal demand and take early action in coal power consumption. Promoting the development of renewable energy, energy saving, and developing gas thermal power may contribute to reversing the current coal consumption trend.

Vietnam energy prospects 2019 announced
Deputy Minister of Industry and Trade Hoang Quoc Vuong at the event

According to Morten Baek, Permanent Secretary, Danish Ministry of Energy, Utilities and Climate, the report showed that Vietnam is still using electricity entirely dependent on natural resources that are not renewable, easily polluting the environment, and is dependent on the supply of coal and hydropower.

Therefore, the development of renewable energy is a great opportunity, in line with the trend of reducing greenhouse gas emissions and reducing environmental pollution. This is the "big door" that opens the prospect of developing renewable energy in Vietnam when the source of solar energy, wind power, biomass in Vietnam is extremely abundant and full of potential.

According to the EOR 2019 report, there are 3 scenarios with 3 complementary directions to achieve the goal of reducing coal consumption, reducing hydropower dependence, saving energy and promoting the use of renewable energy.

In order to achieve the goal of promoting renewable energy development, the Danish side also has policy recommendations for Vietnam such as reverse the trend of high coal consumption, increase energy efficient facilities, and support large-scale energy-saving investment projects.

Danish experts also recommend that energy saving should be a top priority in the eighth Power Plan. A stable, simple, transparent legal framework and increased competitiveness for renewable energy projects could reach 40% of renewable energy in the electricity structure by 2030.

The report is part of the outstanding collaborative results between the MOIT and the Danish ministry, within the framework of the lower carbon transition in energy efficiency sector in Vietnam, which is sponsored by the Danish Government. It is expected that the report will be implemented every two years.

NDO

See also

HCM City to host international paper, coatings, rubber, and plastic expos

HCM City to host international paper, coatings, rubber, and plastic expos

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from June 14 to 16.
Bac Kan produce takes off

Bac Kan produce takes off

(VEN) - Efficient trade promotion has helped agricultural and unique products of the northern province of Bac Kan reach foreign markets, including the Czech Republic and Japan, among others.
Bac Giang develops rural industrial exports

Bac Giang develops rural industrial exports

(VEN) - The northern province of Bac Giang has become an industrial development center in recent years, with industry making a growing contribution to the provincial gross regional domestic product (GRDP). However, many rural industrial establishments in Bac Giang remain small-scaled and lack investment capital, equipment, machinery and technology, limiting production capacity, product quality, competitiveness, and domestic and foreign market expansion.
Ocean dialogue dicusses offshore renewable energy potential

Ocean dialogue dicusses offshore renewable energy potential

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.
Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Vietnam Manufacturing Expo & NEPCON Vietnam exhibition 2023 kick off

Reed Tradex Vietnam, the ASEAN's leading exhibition organizer announced the kick-start of Vietnam Manufacturing Expo (VME) & NEPCON Vietnam exhibition 2023.
Offshore wind energy an essential base load power source: official

Offshore wind energy an essential base load power source: official

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.

See more news

Uncorking bottlenecks for support industry development

Uncorking bottlenecks for support industry development

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Da Nang greens textile-garment industry

Da Nang greens textile-garment industry

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.
High cost of construction materials puts pressure on Việt Nam

High cost of construction materials puts pressure on Việt Nam's construction industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.
Thai Nguyen eases industrial cluster problems

Thai Nguyen eases industrial cluster problems

(VEN) - Overlapping regulations and policies are among the challenges facing the northern province of Thai Nguyen in managing and developing industrial clusters (ICs).
Dak Lak seeks improved industrial policies

Dak Lak seeks improved industrial policies

(VEN) - The Department of Industry and Trade of the Central Highlands province of Dak Lak has proposed amending and supplementing industrial cluster (IC) management and development regulations.
Vietnam eyes green hydrogen development

Vietnam eyes green hydrogen development

(VEN) - On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.
Coffee industry needs sustainable development to target $6b in exports by 2030

Coffee industry needs sustainable development to target $6b in exports by 2030

Việt Nam's coffee industry needs to solve many challenges to achieve sustainable development, targeting an export value of US$6 billion in 2030.
Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

The “Diagnostic study on Net-Zero for the energy sector in Vietnam” will analyse emission reduction measures to achieve net-zero emissions.
Rise of February industrial production index

Rise of February industrial production index

(VEN) - According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.
Cashew industry moves to boost green production, consumption

Cashew industry moves to boost green production, consumption

Although the cashew nut processing and exporting industry was warned of many difficulties in 2023, Vietnamese exporters still have many opportunities to boost exports if both businesses and farmers turn to green production, insiders have said.
View more
gas
pvn
phu-my
logistics
Latest Most Read
Vietnam wins 17 prizes at International Robothon 2023

Vietnam wins 17 prizes at International Robothon 2023

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.
Vietnam welcomes back Chinese tourists

Vietnam welcomes back Chinese tourists

(VEN) - China is piloting the second phase of group tours to Vietnam, which is expected to facilitate the recovery and development of bilateral tourism cooperation in the post-pandemic period.
National Tourism Year 2023 kicks off in Bình Thuận

National Tourism Year 2023 kicks off in Bình Thuận

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.
Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.
Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said on March 31.
ha no i seeks support from world heritage centre in restoration of ki nh thien palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.
national tourism year 2023 kicks off in binh thuan

National Tourism Year 2023 kicks off in Bình Thuận

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.
oscar dream

Oscar dream

Witness the inspiring story of Vietnamese director Hà Lệ Diệm and her documentary 'Children of the Mist’. Despite facing several challenges, Diễm shot and edited the film in just four years with a borrowed camera and minimal training. Her incredible talent has earned her multiple prizes at international film festivals, and was even short-listed for the Oscars this year.
vietnam remains worlds second largest coffee exporter

Vietnam remains world’s second-largest coffee exporter

Vietnam remained the second-largest coffee exporter in the world from February 2021 to January 2022, according to the International Coffee Organisation.
ha long bay cu chi tunnels among ten adventurous tourism places in southeast asia

Ha Long Bay, Cu Chi Tunnels among ten adventurous tourism places in Southeast Asia

The travel magazine The Travel has listed Ha Long Bay in the northern coastal province of Quang Ninh and Cu Chi Tunnels in Ho Chi Minh City among the ten must-visit epic and adventurous places in Southeast Asia.
Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam objects to Taiwan’s live-fire drills in Ba Binh

Vietnam resolutely opposes to and demands Taiwan (China) to cancel live-fire drills in the waters around Ba Binh (Itu Aba) belonging to Vietnam’s Truong Sa (Spratly), vice spokesperson of the Vietnamese Ministry of Foreign Affairs Pham Thu Hang said on March 31.
E-visa stay period may be extended to 90 days

E-visa stay period may be extended to 90 days

The Ministry of Public Security has recently proposed that e-visa holders might be able to stay in Viet Nam for up to 90 days instead of the current 30 days.
New legal documents in first half of March 2023

New legal documents in first half of March 2023

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.
Animal feed industry asks for import tax reduction on raw materials

Animal feed industry asks for import tax reduction on raw materials

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.
HCM City to host international paper, coatings, rubber, and plastic expos

HCM City to host international paper, coatings, rubber, and plastic expos

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from June 14 to 16.
Bac Kan produce takes off

Bac Kan produce takes off

(VEN) - Efficient trade promotion has helped agricultural and unique products of the northern province of Bac Kan reach foreign markets, including the Czech Republic and Japan, among others.
Bac Giang develops rural industrial exports

Bac Giang develops rural industrial exports

(VEN) - The northern province of Bac Giang has become an industrial development center in recent years, with industry making a growing contribution to the provincial gross regional domestic product (GRDP). However, many rural industrial establishments in Bac Giang remain small-scaled and lack investment capital, equipment, machinery and technology, limiting production capacity, product quality, competitiveness, and domestic and foreign market expansion.
Ocean dialogue dicusses offshore renewable energy potential

Ocean dialogue dicusses offshore renewable energy potential

Offshore renewable energy was the centre of discussion at the 10th Ocean Dialogue in the central province of Khanh Hoa on March 23.
Vietnam

Vietnam's retail market proves attractive for foreign investors

Vietnam is becoming an attractive retail market for companies all over the world with many regional and global FDI investors recently announcing plans to increase capital and expand distribution networks here.
Asian investors increasingly keen on Vietnam

Asian investors increasingly keen on Vietnam

(VEN) - Vietnam is considered a promising destination for investment from Asia, as evidenced by the increasing operations of multinational corporations.
India introduces pharmaceutical industry

India introduces pharmaceutical industry' opportunities to potential Vietnamese investors

Invest India, the National Investment Promotion & Facilitation Agency, had networking hybrid meet in Ho Chi Minh City, introducing investment opportunities in Indian pharmaceutical industry to potential Vietnamese investors.
Vietnam attracts Czech investors

Vietnam attracts Czech investors

(VEN) - A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.
Decree 08, a magic wand for corporate bonds?

Decree 08, a magic wand for corporate bonds?

(VEN) - Economists believe the newly issued government decree on the private issuance of corporate bonds will have a positive impact on the corporate bond market.
Foreign investors expand consumer finance business in Vietnam

Foreign investors expand consumer finance business in Vietnam

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.
Stock market violations to face stricter sanctions

Stock market violations to face stricter sanctions

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.
Vietnam to develop policies to adapt to global minimum tax

Vietnam to develop policies to adapt to global minimum tax

Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.
COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

COP28 President-Designate to speak at Berlin Energy Transition Dialogue Conference

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, will visit Berlin to give a keynote speech at the Berlin Energy Transition Dialogue Conference 2023 (BETD) and meet with senior leaders and ministers from across the world. During the BETD, Dr. Al Jaber will repeat his call for governments, the private sector and civil society to work together for swift and ambitious action to reduce global emissions and progress the energy transition.
Turning coffee grounds into energy

Turning coffee grounds into energy

(VEN) - Turning coffee grounds into biomass energy has helped the Nestlé Vietnam Co., Ltd save VND40-50 billion a year.
Vietnam saves 298,000 kWh during Earth Hour 2023

Vietnam saves 298,000 kWh during Earth Hour 2023

With lights turned off for one hour starting 8:30 pm on March 25 in response to the 2023 Earth Hour campaign, Vietnam saved 298,000 kWh of electricity equivalent to about 555.6 million VND (23,617 USD), according to the Vietnam Electricity (EVN)’s National Load Dispatch Center.
The value of wood scraps for business

The value of wood scraps for business

(VEN) - Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.
Vietnam wins 17 prizes at International Robothon 2023

Vietnam wins 17 prizes at International Robothon 2023

The Vietnamese team won 17 prizes at the International Robothon 2023 held in Kuala Lumpur, Malaysia, on March 26.
Vietnam, US cultivate sci-tech, innovation cooperation

Vietnam, US cultivate sci-tech, innovation cooperation

Vietnamese Deputy Minister of Science and Technology Bui The Duy held a working session in Hanoi on March 23 with a business delegation of the US-ASEAN Business Council (USABC) led by the council's President and CEO Ted Osius who were on a working visit to Vietnam from March 21-23.
A321neo: Breakthrough technology saves fuel consumption up to 20%

A321neo: Breakthrough technology saves fuel consumption up to 20%

A321neo: Breakthrough technology saves fuel consumption up to 20%
AI to fuel development of modern agriculture workshop

AI to fuel development of modern agriculture workshop

Artificial intelligence (AI) has an important role to play in the development of modern and sustainable agriculture as it will help with farm automation and optimisation, from weather forecasting, plant and livestock health monitoring to product quality improvement, heard a workshop in Hanoi on March 23.
Scholarship opportunity at New Zealand Education Fairs 2023

Scholarship opportunity at New Zealand Education Fairs 2023

Education New Zealand (ENZ) and Eduvina Limited Company will co-host the New Zealand Education Fairs in April 2023, with the participation of nearly 40 institutions from New Zealand.
Coastal communities to fight illegal fishing with own surveillance forces

Coastal communities to fight illegal fishing with own surveillance forces

In an effort to remove the EC’s “yellow card” this year, the agriculture ministry has asked the communities to quickly form fisheries surveillance forces in line with the Fisheries Law and the Law on Organisation of Local Administration.
Enhancing Hanoi-Singapore business connections

Enhancing Hanoi-Singapore business connections

(VEN) - Hanoi is ready to facilitate and provide necessary arrangements to attract Singaporean investors.
Strong signals of positive year for industrial real estate market

Strong signals of positive year for industrial real estate market

CBRE Vietnam has reported that Việt Nam's industrial real estate sector is poised for a prosperous year in 2023 due to a surge in demand.
Viettel’s Cambodia affiliate signs strategic cooperation agreement with local group

Viettel’s Cambodia affiliate signs strategic cooperation agreement with local group

Metfone, the Cambodia-based affiliate of the military-run telecom group Viettel, and ISI Group of Cambodia signed a memorandum of understanding (MoU) on strategic cooperation in Phnom Penh on March 29.
Hundreds of high-quality goods honored

Hundreds of high-quality goods honored

(VEN) - Over 500 enterprises have been honored this year with the High-Quality Vietnamese Goods awards, reflecting their longtime popularity.
Vietnam adopts high integration standards

Vietnam adopts high integration standards

(VEN) - Given Vietnam’s increased integration into the global marketplace, domestic producers are being urged to meet standards beyond those expected of high-quality Vietnamese products.
Bac Giang promotes consumption of OCOP products associated with tourism

Bac Giang promotes consumption of OCOP products associated with tourism

The northern province of Bac Giang plans to strengthen communication activities for products of the One Commune-One Product (OCOP) programme and promote the consumption of OCOP products associated with tourism activities this year.
Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội seeks support from World Heritage Centre in restoration of Kính Thiên Palace

Hà Nội has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development.
Reel in the flavours of Việt Nam with braised pickled carp

Reel in the flavours of Việt Nam with braised pickled carp

A complex and harmonious melange of flavours, this nutritious dish blends the sweetness of carp, the tangy sourness of pickled vegetables, and the spicy kick of chilli peppers, all simmered together in a rich and savoury broth.
Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House

Concert dedicated to Trịnh Công Sơn to take place at Hà Nội Opera House

A live concert programme will take place in Hà Nội next month to commemorate 22 years since the day composer Trịnh Công Sơn passed away.
Let’s go fly a kite

Let’s go fly a kite

(VEN) - The annual kite flying festival of Ba Duong Noi Village in Hanoi’s suburban district of Dan Phuong is held on the 15th day of the third lunar month.
Vietnam welcomes back Chinese tourists

Vietnam welcomes back Chinese tourists

(VEN) - China is piloting the second phase of group tours to Vietnam, which is expected to facilitate the recovery and development of bilateral tourism cooperation in the post-pandemic period.
National Tourism Year 2023 kicks off in Bình Thuận

National Tourism Year 2023 kicks off in Bình Thuận

The 'Bình Thuận-Green Convergence' themed programme seeks to drive green growth and promote tourism development through collaboration with other economic sectors for sustainable progress.
Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử

Exploring Việt Nam ’s fourth highest mountain peak, Bạch Mộc Lương Tử

The top of Bạch Mộc Lương Tử in Lào Cai Province, Việt Nam, is a popular spot for tourists to watch the sunset and take pictures of floating clouds.
Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

Ministry proposes extending visa-free stay to 30 days, e-visa to 90 days

The relaxed policies aim to attract foreign tourists to Việt Nam amid fierce competition from the countries in the region especially after nations have lifted COVID-19 restrictions.
Mobile Version