Vietnam needs US$150 billion to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.

Hanoi will strive to reduce greenhouse gas emissions by 15% by 2030, according to local authorities.

Renewable energy plays an increasingly important role in the diversification of energy supplies, which helps fulfil targets in climate change adaptation and reduces the negative impact of excessive energy use, Deputy Minister of Industry and Trade Dang Hoang An said on November 20.

Energy connection between ASEAN member countries is an important pillar that needs to be further strengthened to ensure energy security for the strong and sustainable development of the ASEAN Community, Deputy Minister of Industry and Trade Dang Hoang An has said.

Prime Minister Nguyen Xuan Phuc has recently decided to appoint Deputy Minister of Industry and Trade Hoang Quoc Vuong as the new Chairman of the Vietnam National Oil and Gas Group (PetroVietnam).

A preparatory meeting for the upcoming 38th ASEAN Ministers on Energy Meeting (AMEM 38) is taking place in Hanoi on November 17 and 18.

Innovation has become a pressing need for State-owned enterprises (SOEs) which have undergone drastic restructuring during the past decade but their operation efficiency remained lower than expected, according to experts.

The on-going Vietnam Solar E-Expo 2020, an online solar exhibition lasting until November 11, is drawing numerous industry players.

Vietnam’s electricity output is forecast to rise to 950 billion kWh by 2045 to meet the growing demand for economic expansion.

As smart energy plays an important role in smart urban areas, Vietnam plans to develop smarter, cleaner, greener and more sustainable energy resources for its cities, said experts at a recent summit in Hanoi.