The Multi-Actor Partnerships for 100 percent Renewable Energy (100% RE MAP) project was kicked off at a conference held in Hanoi on March 25.

Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT).

GE Renewable Energy has signed a contract with the Ocean Renewable Energy Joint Stock Company to supply 15 wind turbines to its Cau Dat Wind Farm, the first in the Central Highlands province of Lam Dong.

Investors from the UK were showing significant interest in investing in renewable energy projects in Vietnam, especially wind power, expecting the Vietnamese Government to introduce long-term support policies as well as simplification of procedures for project implementation.

Vietnam is among top three nations leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit.

Nguyen Duc Ninh, Director of the National Power Regulation Centre, has said Vietnam will cut its renewable electricity capacity due to oversupply.

Vietnam’s rapid economic growth is the primary mover for its renewable energy boom, according to an article titled “What’s Driving Vietnam’s Renewable Energy Boom?” posted in The Diplomat on January 12.

The Cabinet has approved an action plan on manpower production and development, with an emphasis on seven career fields connected with the growth of Thailand’s Eastern Economic Corridor (EEC) project.

The Prime Minister has issued the National Strategy on the Fourth Industrial Revolution by 2030 to fulfil goals set in the Politburo’s Resolution 52-NQ/TW that outlines policies guiding Vietnam’s active involvement in the revolution.

The Ministry of Industry and Trade (MoIT) held a forum in Hanoi on December 22 on energy security for sustainable development.