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Vietnam Today

Vietnam Energy Outlook Report 2019 released

Released at: 10:47, 06/11/2019

Vietnam Energy Outlook Report 2019 released

Photo: Embassy of Denmark in Viet Nam

Report a joint effort by Vietnam and Denmark and noting the state of play in and future of Vietnam's energy sector.

by Jessica Nguyen

The Ministry of Industry and Trade in cooperation with the Embassy of Denmark in Vietnam and Denmark’s Ministry of Climate, Energy and Utilities officially released the Vietnam Energy Outlook Report 2019 (EOR 2019) in Hanoi on November 4.

Deputy Minister of Industry and Trade Hoang Quoc Vuong, Permanent State Secretary of the Ministry of Climate, Energy and Utilities, Mr. Morten Baek, and Danish Ambassador to Vietnam, H.E. Kim Højlund Christensen, were in attendance.

At the release, Mr. Jakob Stenby Lundsager, long-term adviser of the Danish Energy Partnership Programme in Vietnam, said that Vietnam has imported pure coal since 2015 and this trend is increasing.

Forecasts for the period from 2020 to 2030 show that the country’s coal imports will triple and by 2050 will have increased eight-fold compared to today. Three-quarters of Vietnam’s energy consumption is from imported energy.

Therefore, Mr. Lundsager proposed, Vietnam should find a way to quickly reduce its coal demand and take early action to cut coal power consumption. Promoting the development of renewable energy, saving energy, and developing thermoelectricity could help reverse the current levels of coal consumption.

Mr. Baek said that, according to the EOR 2019, Vietnam is still using natural resources, which are non-renewable and pollute the environment, and is dependent on sources such as coal and hydropower.

Therefore, the development of renewable energy is a great opportunity and in line with the trend towards reducing greenhouse gas emissions and cutting environmental pollution. This opens up the prospect of developing renewable energy in Vietnam, as sources of solar energy, wind power, and biomass in Vietnam are abundant and full of potential.

According to the EOR 2019 report, there are three scenarios with three complementary directions to achieve the goal of reducing coal consumption, reducing hydropower dependence, saving energy, and promoting the use of renewable energy.

In order to achieve its goal of promoting renewable energy development, Denmark recommends Vietnam reverse the trend of coal consumption, increase energy efficient facilities, and support large-scale energy-saving investment projects, etc.

In particular, the EOR 2019 recommends that energy saving be a top priority in Vietnam’s electricity planning, with a stable, simple, and transparent legal framework and enhanced competitiveness. Renewable energy projects could reach 40 per cent of energy in the electricity structure by 2030.

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