In a video sent Thursday to Russian Energy Week International Forum that is taking place in Moscow, the Prime Minister affirmed Vietnam is building a roadmap to transform energy sources towards sustainable development, adapting to climate change, reducing carbon emissions, increasing efficiency and saving energy, according to a Ministry of Foreign Affairs statement.
This view is expressed in the national power development plan for the period 2021-2030, with a vision to 2045, in which the Prime Minister outlined three orientations for the structure of Vietnam’s energy sources.
Vietnam would diversify its energy sources, focusing on developing clean and renewable energy via wind power, solar power, biomass power, waste to energy power, aiming to increase the share of clean energy to at least 20 percent by 2030 and 30 percent by 2045 in its total primary energy supply.
“There will be a specific plan on reducing the use of fossil energy sources and hardly developing new coal-fired power plants.”
“In return, Vietnam would strongly develop gas thermal power, including liquefied petroleum gas (LNG),” he said.
Vietnam also aims to increase the proportion of gas power sources from 10 percent in 2020 to 21-22 percent in 2030, while promoting economic and efficient use of energy, aiming to save 5-7 percent of total energy consumption by 2025, Chinh said.
Emphasizing Russia’s role in the global energy industry, the Vietnamese PM said oil and gas cooperation is an important pillar of the two countries’ comprehensive strategic partnership.
Many Russian and Vietnamese joint ventures and projects continue to operate effectively in both Vietnam and Russia, which is a premise for both countries to expand cooperation in the fields of new energy, renewable energy, green and clean energy.
He pledged Vietnam would continue creating favorable conditions for not just companies from Russia but other nations to invest and do business in the field of energy in Vietnam.
The fourth Russian Energy Week International Forum, themed “Global Energy: Transformation for Development,” is being held from Oct. 13-15.
The annual event seeks to demonstrate the prospects of the Russian fuel and energy industry and unlock the potential of international cooperation in energy.
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