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Vietnam, Denmark sign energy partnership program for 2017-2020
Author: Updated: 22/09/2017 Views: 40

Vietnam, Denmark sign energy partnership program for 2017-2020


The signing in Hanoi on September 20 of a new energy partnership program for the 2017-2020 period between Vietnam and Denmark - PHOTO: DANISH EMBASSY

HCMC – Vietnam and Denmark on September 20 signed a new energy partnership program for the 2017-2020 period, with the latter providing DKK21.6 million in technical assistance.

“The new Energy Partnership Programme will focus on energy sector planning, integration of renewables in the power system and energy efficiency in industry. All areas with a strong link to Danish competences and experience,” Denmark’s Permanent Secretary of State, Vice Minister for Energy, Utilities and Climate, Thomas Egebo, is quoted as saying in a statement of the Danish Embassy.

During his Vietnam visit, Egebo also witnessed the launch of the Vietnam Energy Outlook Report 2017, a joint effort of Vietnam’s Ministry of Industry and Trade and the Danish Energy Agency.

The report focuses on low-carbon development scenarios with the integration of renewable energy and recommendations for decision makers to secure a cost-efficient and sustainable energy sector. 

The statement said, “The report will be an important input to the development of the Vietnam Energy Master Plan and Power Development Plan in the future.”

In 2013 Denmark and Vietnam signed a comprehensive partnership agreement to prop up bilateral cooperation in trade and green growth. Subsequently, new partnerships between the Danish Ministry of Climate, Energy and the Vietnamese Ministry of Industry and Trade, and Ministry of Construction were established to enable the sharing of Danish know-how and state-of-the-art technology in the energy sector to Vietnam authorities and businesses.

Since 1994 Denmark has provided Vietnam with more than US$1.3 billion in development aid, thus contributing to strong growth and economic development in Vietnam.

In November 2011, Denmark signed a joint declaration with the Government of Vietnam to build a strategic partnership in the areas of climate change, environment, energy and green growth.

Vietnam seen relying on energy imports in 2035

HCMC – Vietnam will have to import 58.5% of its energy needs by 2035 due to a strong rise in demand, according to a report by the Institute of Energy of the Ministry of Industry and Trade.

The report, which was presented at the Vietnam Energy Outlook Report 2017 launch by the Ministry of Industry and Trade and the Embassy of Denmark in Hanoi on September 20, said Vietnam can reduce its dependence on imports of materials for power generation, especially coal, by developing renewable energy.

Aisma Vitina, technical advisor to the Danish Energy Agency, said the Vietnamese Government should issue policies supporting renewable energy projects to raise the proportion of this source of clean energy in total power consumption to 31% by 2020 and 32.3% by 2030.

The country should build a renewable energy market and an electricity pricing system, and offer preferential import and corporate income taxes for enterprises involved in renewable energy projects.

According to a draft report on the national energy development plan in the 2016-2025 period with a vision towards 2035 prepared by the Institute of Energy, the transport sector will have the fastest energy consumption growth in 2035 with 5.7%, followed by industry with 5%.

(thesaigontimes)


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