VOV.VN - The United States Agency for International Development (USAID) has announced the launch of the Vietnam Low Emission Energy Program II (V-LEEP II) to help the country strengthen energy security.

The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country.

National electricity demand is expected to increase by 8.5% a year until 2025 and 7% until 2030, making Vietnam an attractive market for foreign energy investors.