Documents Awareness - Knowledge
logo
ECONOMY-SCIENTIFIC-TECHNOLOGY

Vietnam diversifies energy sources, focuses on renewable energy, says PM

15 October 2021 | 07:54:00 AM

Vietnam is diversifying energy sources with a primary focus on clean and renewable energy sources, aiming to increase their share in the total primary energy supply to about 20% by 2030 and 30% by 2045.





 

PM Pham Minh Chinh addresses the fouth Russian Energy Week in a pre-recorded speech


It is formulating a roadmap for gradually reducing fossil energy sources toward developing no new coal-fired power plants in the future.

The goals were unveiled by Prime Minister Pham Minh Chinh in his a pre-recorded address to the Fourth Russian Energy Week taking place in Moscow from October 13 – 15.

He noted that Vietnam is well aware of the importance of restructuring energy sources towards increasing the proportion of renewable energy associated with economical, efficient and sustainable use of energy.

According to the Vietnamese PM, fossil fuels continue to play an important role in economic development, but there should be a harmonized and appropriate roadmap for the transition towards sustainable development, adaptation to climate change along with new technology solutions aimed at reducing CO2 emissions and increasing energy use and conservation efficiency.

He thanked Russia’s efficient assistance to Vietnam’s oil and gas industry and affirmed that bilateral oil and gas cooperation is one of the solid pillars of the comprehensive strategic partnership between Vietnam and Russia.

As the world is suffering from the synergistic impact of the COVID-19 pandemic, climate change and the depletion of natural resources, he said strengthening international cooperation plays a very important role in ensuring energy security and sustainable development, as well as minimizing the impact on the environment.

Currently, he said Vietnam is perfecting institutions, policies and laws to support the development of the energy industry so as to catch up with international trends, adapt to climate change, and promote its distinct potential, emerging opportunities, competitive advantages of Vietnam.

“We encourage the public-private partnership mechanism and continue to create favourable conditions for foreign firms, including those from Russia, to invest and do business in the energy field, especially renewable energy, in Vietnam, a market with a lot of room and potential for development,” Chinh noted.

Vietnam attaches importance to expanding energy cooperation with Russia and other countries, and at the same time wishes to receive support in finance, technology, administration, infrastructure, and human resource training in order to promote the accomplishment of its goals more strongly and effectively, he stressed.

(VOV)

Views: 111

Other news

Green finance promotes Vietnm’s sustainable growth

(07/10/2021 06:14:AM )

HCM City’s master plan to 2040 focuses on climate change adaptation

(21/09/2021 07:34:AM )

Government directs to speed up the negotiation and mutual recognition of the vaccine passport in order to open the economy

(16/09/2021 08:10:AM )

Vietnam prepares for natural disasters amid COVID-19

(07/09/2021 08:42:AM )

MoNRE finalises first report on maritime environment and national islands

(23/08/2021 09:10:AM )

Belgian and Russian investors keen on Vietnamese offshore wind power projects

(03/08/2021 09:12:AM )

Prime Minister calls for increased efforts to prevent forest fires as temperature hit 40C

(12/07/2021 07:30:AM )

HCM City plans to improve the water supply system after groundwater restriction.

(02/07/2021 08:17:AM )

Localities urged to tackle straw burning

(13/06/2021 08:16:AM )

VIDEO

Environmental Sustainability - we have choices

See more

ENVIRONMENT BRAND

UPCOMING EVENTS
ADB finances climate resilience infrastructure...

The Asian Development Bank (ADB) has approved a $60 million financing...

See more
US support Vietnam strengthen wildlife protection

The US Agency for International Development (USAID) and the Ministry of Agriculture and...

See more
4,018 old trees across the country have been...

(VACNE) – On September 19, 2020, VACNE's Heritage Tree...

See more
MONRE supports and appreciates the cooperation...

VACNE, 4/12/2017) - The Ministry of Natural Resources...

See more
PHOTO GALLERY