Project launched to help Vietnam spur energy efficiency
Using energy economically and efficiently is a practical solution to help ensure national energy security, develop the economy, protect the environment and reduce greenhouse gas emissions, Trinh Quoc Vu, Deputy Director of the Department of Energy Saving and Sustainable Department said on May 5.
He made the statement at the launch of the Vietnam scaling up energy efficiency project which aims to encourage the business community to change technology towards economical and efficient use of energy in the industrial sector.
Surveys of the National Programme on Economical and Efficient Use of Energy for the 2019 - 2030 period (VNEEP3) showed that Vietnam’s energy use can be cut by 20%-30%, he said, adding that the industrial sector accounts for more than 47% of the country’s total energy consumption.
The project is expected to contribute to promoting industrial enterprises to pursue the goals of saving energy, ensuring national energy security, as well as accompanying the Government in implementing the goal of reducing greenhouse gas emissions and responding to climate change, Vu said.
Chu Ba Thi, a representative from the World Bank (WB), said the project, with total investment capital of US$11.3 million, will be carried out from March until January 2026.
Once joining the programme, industrial enterprises have chance to apply advanced technologies to reduce production costs and energy consumption, thereby enhancing their overall competitiveness in domestic and international markets.
He also said that the WB is committed to continuing to assist Vietnam to improve the quality of energy use through a series of programmes and projects that have been put into operation in the coming time.
He made the statement at the launch of the Vietnam scaling up energy efficiency project which aims to encourage the business community to change technology towards economical and efficient use of energy in the industrial sector.
Surveys of the National Programme on Economical and Efficient Use of Energy for the 2019 - 2030 period (VNEEP3) showed that Vietnam’s energy use can be cut by 20%-30%, he said, adding that the industrial sector accounts for more than 47% of the country’s total energy consumption.
The project is expected to contribute to promoting industrial enterprises to pursue the goals of saving energy, ensuring national energy security, as well as accompanying the Government in implementing the goal of reducing greenhouse gas emissions and responding to climate change, Vu said.
Chu Ba Thi, a representative from the World Bank (WB), said the project, with total investment capital of US$11.3 million, will be carried out from March until January 2026.
Once joining the programme, industrial enterprises have chance to apply advanced technologies to reduce production costs and energy consumption, thereby enhancing their overall competitiveness in domestic and international markets.
He also said that the WB is committed to continuing to assist Vietnam to improve the quality of energy use through a series of programmes and projects that have been put into operation in the coming time.
