The Vietnamese government has enacted long-term development orientations and a strategy for the power sector, including energy efficiency measures to ensure national energy security. deputy minister of Industry and Trade Hoang Quoc Vuong provides insights into the opportunities and challenges opening up in the power sector by driving the sustainability agenda as well as promoting a smart energy approach in the years ahead.
Vietnam is forecast to see a 6.7 per cent jump in energy demand each year during 2019-2028. What policies and measures must the country apply to ensure national energy security?
To confront the challenges, the Vietnamese government has set forth long-term development orientations and a sustainable development strategy gearing towards modernisation, ensuring the stable supply of primary energy sources, energy efficiency, and the development of clean and renewable energy sources. Linking these directions for the power market’s development will ensure national energy security and reduce environmental pollution in one fell swoop.