On November 20, 2020, in Hanoi, the Vietnam Energy Association (VEA) cooperated with the Ministry of Industry and Trade to organize a seminar on “Promoting development and saving energy to 2030, with a vision to 2050” .

This is a seminar of importance to implement Resolution 55 of the Politburo. The seminar attracted a lot of central agencies, related ministries, a number of embassies and investors, domestic and foreign economic groups, international and Vietnamese credit institutions, domestic and foreign technical experts as well as some local leaders, economic groups, corporations in the Vietnam Energy Association. In addition, other media agencies, the Central and local television stations and press agencies were also present at the seminar to report promptly.

Speaking at the opening of the seminar, Mr. Tran Viet Ngai – Chairman of VEA said: The Resolution of the Politburo clearly states that energy development is both a driving force and an infrastructure to promote socio-economic development by 2030, with an outlook to 2045, with an energy saving target of 7% by 2030 and around 14% by 2045. Developing energy from sources such as electricity, coal, oil and gas, and renewable energy requires a lot of work and investment for many years to achieve the results as now, otherwise saving energy just leads to waste, and causing damages the economy, creating pressure on investment in energy development.

Over the past years, Vietnam Electricity (EVN) has set out many action programs and energy efficiency indicators, promoting communication in the immediate years and by 2030, grasping thoroughly in the electricity industry to the locality and to the people using electricity; saving water resources in hydroelectric plants; launching rooftop solar PV installations and many other programs to save energy. Many private investors have been involved in the renewable energy sector, including Halcom Vietnam JSC. with Phuong Mai 3 Wind Power Plant already in operation and Hau Giang Solar Power Plant in the final construction stage.

Discussions of agencies, enterprises and experts focused on shortcomings and challenges as well as mechanisms and policies to promote investment in the development of energy and energy conservation sectors in Vietnam now and in the future. According to the assessment, in recent years, the energy sector of Vietnam has ensured sufficient electricity and fuel supply for the increasing demand of the country’s economic development. However, the rapid development phase also reveals many challenges and shortcomings that need to be perfected.

At the seminar, Chairman of Halcom Vietnam JSC., Mr. Nguyen Quang Huan, raised the issue about the expiration of FiT coming soon but investors are still waiting for the next instruction. In addition, the current PPA has disadvantages in attracting foreign investors, leading to difficulties in raising capital while many foreign investors are willing to finance power projects. current renewable energy in Vietnam. The Chairman of the seminar listened to and acknowledged Mr. Huan’s opinion, and also gave a very positive response.

It can be seen that all parties participated in the Workshop with a positive attitude to contribute, creating a basis for agencies and ministries to receive opinions and build reasonable mechanisms and policies for development. energy in general and renewable energy in particular in the coming time.