16/04/2015 09:37 GMT+7 Email Print Like 0

EU to support Vietnam’s sustainable energy development

Hanoi, April 15 (VNA) - The European Union (EU) plans to provide around 400 million EUR (425.8 million USD) in non-refundable assistance for Vietnam from 2014-2020 to help the country develop sustainable energy projects.

The information was revealed by Dr. Franz Jessen, the Ambassador-Head of the EU Delegation to Vietnam at a workshop held in Hanoi on March 15.

Franz Jessen said the support programme’s objectives are to assist Vietnam in devising and enforcing policies on sustainable energy development.

Addressing the event, Deputy Minister of Industry and Trade Hoang Quoc Vuong said Vietnam is in need of support to improve policymaking and strategy building for developing and planning its energy industry.

The country is also working to build a competitive energy market, improve productivity, increase the proportion of clean and renewable energy sources and promote measures to conserve and effectively use energy, Vuong stressed.

He said he hopes EU’s support, which will be funnelled into the two key areas of State administration and sustainable energy development, will contribute to improving energy production and use in Vietnam.

According to Vietnam’s national energy development strategy, the country is set to reach a total production of 100-110 million tonnes of primary energy oil equivalent (TOE) by 2020 and around 310-320 million TOE by 2050. The proportion of new and renewable energy sources is hoped to rise to about 5 percent of the total output by 2020.

At the workshop, the Ministry of Industry and Trade and the EU Delegation to Vietnam signed an agreement to forge links in the field.

Participants also gave their opinions on how to conserve and use energy efficiently while discussing rural electrification and competitive electricity market development in Vietnam.