Signing of project to promote energy transition in Vietnam

On the afternoon of January 15, in Hanoi, the signing ceremony for the project to promote energy transition took place between two functional units of the Ministry of Industry and Trade and GIZ.

The signing was carried out between the Electricity Regulatory Authority, the Electricity and Renewable Energy Authority (Ministry of Industry and Trade) and the German International Cooperation Agency (GIZ).

Signing ceremony between Electricity Regulatory Authority, Electricity and Renewable Energy Authority and GIZ

The TEV project aims to promote the development of a long-term strategy for energy transition, including a solid legal and regulatory framework, as well as the transfer of technological knowledge for a low-carbon, environmentally friendly energy transition.

The project will create synergy between ongoing energy activities in Vietnam by: (1) using the expertise of Vietnamese stakeholders to develop policy recommendations; (2) learning from the experiences of countries around the world in developing energy transition strategies; (3) analyzing the socio-economic impacts of different energy transition scenarios; and (4) promoting cross-sectoral integration such as: Heat supply, industry and transport.

Mr. Trinh Quoc Vu - Deputy Director of Electricity Regulatory Authority

Speaking at the signing ceremony, Mr. Trinh Quoc Vu - Deputy Director of the Electricity Regulatory Authority said that the Energy Transition Promotion Project (TEV) will contribute to improving conditions on legal strategies and technical regulations to support the energy transition process in Vietnam, which has been approved by the Ministry of Industry and Trade and authorized by the Electricity Regulatory Authority and the Electricity and Renewable Energy Authority to implement. This event will mark an important milestone for the implementation of the TEV project, thereby strengthening the partnership between Vietnam and Germany. In the coming time, the parties need to work together closely to effectively and promptly implement the proposed activities and hope that GIZ will provide maximum support with resources to effectively implement the project.

Sharing more about the project implementation, Mr. Tang The Hung - Deputy Director of the Department of Electricity and Renewable Energy said that the project implementation is of great importance, in the context of Vietnam's rapidly increasing energy demand as well as ensuring national energy security associated with the implementation of international commitments.

Mr. Hung hopes that the project will support state management agencies in perfecting the legal framework and technical solutions; help raise business awareness; and help businesses access green finance during the transition process.

Mr. Tang The Hung - Deputy Director of Electricity and Renewable Energy Department

According to the GIZ representative, the TEV project will carry out activities to achieve the following results: Improving the capacity of the Ministry of Industry and Trade in developing strategies and implementing energy transition regulations through consulting, assessment, analysis, scenarios, models, etc.; promoting the sharing of new knowledge on technology solutions to support energy transition, including training, technology solutions, environmental impact assessment, etc.

Source: https://congthuong.vn/ky-ket-thuc-hien-du-an-thuc-day-chuyen-dich-nang-luong-tai-viet-nam-369702.html