One of the key needs of most businesses and any future investors is stability in energy supply and access to renewable energy.
This is the content that received great attention from the FDI business community at the Vietnam Business Forum (VBF2024) with the theme "FDI enterprises pioneering the implementation of Green growth strategy", held on March 19 in Hanoi.
Mr. Joseph Uddo, Chairman of the American Chamber of Commerce in Vietnam (AmCham) said: “Maintaining the operation of the energy system is an essential goal of good energy governance and providing investors with access to renewable energy gives the country a competitive advantage. The dynamics of electricity supply and demand are complex and a collaborative approach between the public and private sectors is essential to develop sustainable, reliable and affordable electricity. Vietnam can attract global finance with an effective energy management system.”
"The Ministry of Industry and Trade, Vietnam Electricity and private sector stakeholders can come up with viable solutions to meet energy security needs. At the same time, energy infrastructure cannot be established overnight and planning for Vietnam's sustainable growth and development needs to be done now. At the same time, focus on approving short-term projects that are feasible in practice and finance to ensure electricity supply to meet growing demand."
Sharing the same view, Mr. Muto Shiro, Vice President of the Japan Chamber of Commerce and Industry in Vietnam (JCCI) recommended: Vietnam needs to establish important legal systems and implementation guidelines as soon as possible to ensure smooth progress for power development projects. At the same time, prioritize policy solutions to realize large-scale renewable energy, especially large-scale offshore wind power projects with great potential in Vietnam.
For example, in the offshore wind sector, it would be beneficial to improve the legal system related to the use of marine areas and develop a development roadmap. This would attract the participation of foreign companies and financial institutions with expertise in large-scale renewable energy projects so that these projects can be implemented soon.
JCCI also proposed to develop specific procedures to promote the use of self-generating rooftop solar panels using reverse current control. Along with that, relax the conditions for participating in Direct Power Purchase Agreements (DPPA) for renewable energy and review the current pricing mechanism for biomass and waste-to-energy generation.
Gabor Fluit, Chairman of the European Chamber of Commerce in Vietnam (EuroCham), said: Vietnam has a great opportunity to become a green energy hub for Southeast Asia and beyond. It can be through exporting green energy and technology related to domestically produced products. However, it is necessary to quickly transform coal power generation and develop the renewable energy industry.
EuroCham Chairman warned that there are still many challenges at present and obstacles in the future ahead, where the green economy is becoming the growth engine of the world, of which Vietnam is a part. EuroCham Chairman affirmed: about 1,200 members and 20 industry committees of the association are all dedicated partners in the journey towards a green economy and net zero emissions. One of EuroCham's core objectives is to support green growth strategies to promote sustainable development.
According to VNA
Source
Comment (0)