Energy security has always been regarded as a top priority in the policies and strategy development for Vietnam’s energy sector. “Vietnam has been mobilizing all internal and external resources to serve the development of this important sector so as to ensure a reliable power supply with affordable prices in support of national socioeconomic growth, to optimize the efficient use of energy resources, and to promote the use of clean and renewable energy,” Deputy Minister of Industry and Trade Hoang Quoc Vuong told the “Sustainable Energy – On the Way to a Low Emissions Economy” business conference held in Hanoi on August 24, organized by the Ministry of Industry and Trade (MoIT), the German Embassy in Vietnam, and Siemens.
He added that considerable efforts have also been made in further enhancing sector dialogue with all relevant actors in the sector to contribute to a more sustainable energy mix and a low emissions economy.
The conference attracted around 100 participants, including senior government policy and decision makers, business leaders, and specialists in energy, who evaluated the impact of the world’s energy landscape on Vietnam and discussed emerging challenges and solutions for a sustainable and efficient energy system in the country.
The world’s population is growing but the demand for energy is growing even faster. This presents four core challenges for a sustainable energy system: reliable power supply, affordability, climate protection, and resource efficiency. To cope with these challenges, the world’s energy landscape will have to change dramatically to support a high share of renewables from distributed sources, balanced by flexible, efficient fossil power generation and combined with storage solutions and efficient energy use. All are managed by intelligent grids and data networks.
Vietnam’s economy is growing rapidly, with increasing demand for energy as a consequence. Apart from mobilizing internal resources, the country is determined to resolve the abovementioned challenges with support from the international community, especially from business partners with state-of-the-art technologies in the energy sector.
At the conference, participants had the opportunity to hear senior officials from the Vietnamese Government and the business sector share useful information about the world’s energy landscape, with Germany as a reference point, and about Vietnam’s Power Development Master Plan. They also received an update on technological solutions that are already available today to support Vietnam on its way to achieving a sustainable energy mix and a low emissions economy. They were also able to be involved in panel discussions and open dialogues with respected panelist from a mix of backgrounds, including MoIT, the German Embassy in Vietnam, Siemens, Electricity of Vietnam (EVN), and the PetroVietnam Power Corporation (PV Power).
“Germany has, over many years, supported Vietnam in increasing renewable energy and energy efficiency both through bilateral development cooperation and also through private sector engagement,” said Mr. Wolfgang Manig, Chargé d’Affaires at the German Embassy in Vietnam. “Germany is willing to share its experience in the energy transition. Together with strong partners like Vietnam, it is leading the way in decarbonizing the economy, which in the face of climate change is an absolute necessity”.
“At Siemens, we believe that in order to ensure a reliable power supply as well as to successfully optimize the efficient use of energy resources while also addressing climate needs for continued decarbonization, the highest level of efficient energy use and the development of renewable energy sources are required, as well as an intelligent power grid and a high share of distributed power generation,” said Siemens Regional President and CEO Armin Bruck. “From fossil fuels to renewable energy, from centralized to distributed power, Siemens offers products and solutions that respond to the world’s energy and climate needs.”
Siemens combines smart data with technology know-how to integrate digital and automation technologies, helping its customers optimize their energy operations and building the energy landscape of the future. “Many of our advanced technologies have been used extensively in Vietnam and we certainly can do more to support Vietnam on its way to becoming an industrialized country and achieving its sustainable development goals,” Mr. Bruck said.
Source: vneconomictimes