Vietnam's target of achieving the climate neutrality by 2050 is not only technically feasible but also the most cost-effective scenario, according to a report developed by Vietnam’s Electricity and Renewable Energy Authority, the Danish Energy Agency (DEA) and the Embassy of Denmark in Vietnam.

VOV.VN - Denmark is willing to support green transition in Vietnam and wishes to establish a green strategic partnership with the Southeast Asian nation.

It is urgent to reinforce transmission capacity over the next decade to connect renewable energy supplies in the south with energy demand in the north, said Director of the Danish Energy Agency (DEA)’s Global Cooperation Centre Ulrik Eversbusch at the launch of Vietnam Energy Outlook Report 2021.

VOV.VN - Deputy Minister of Industry and Trade Dang Hoang An and Danish Ambassador to Vietnam Kim Højlund Christensen signed a new agreement on October 28 to kick start the Danish Energy Partnership Programme between Denmark and Vietnam 2021-2025 (DEPP III).

Vietnam needs to increase the proportion of wind power, especially offshore wind power, in the total power capacity targeted in the National Power Development Plan for 2021-2030 with a vision to 2045 (Power Development Plan VIII), so as to attract more foreign investors in the field, according to businesses and experts.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).