Vietnam promotes program on electrical energy efficiency and conservation
| |
At the workshop on national program on electrical energy efficiency and conservation during the 2019-2030 period - Photo: tietkiemnangluong |
Based on this success, the MoIT has developed the 2019-2030 program with a goal of saving 8 to 10 pct of the total nationwide energy consumption, equivalent to 50 to 60 million TOE.
The national program on electrical energy efficiency and conservation during the 2019-2030 period consists of four component projects with a number of specific objectives: a reduction of 8 pct to 10 pct of total commercial energy consumption nationwide, a reduction of at least 8% in energy use by small and medium enterprises. The total capital needs for implementation of the program is estimated at VND1.8 trillion.
The contents of the draft program for 2019-2030 is composed of four component projects: the project on promoting dissemination of information, knowledge and guidance on how to practice and use energy saving equipment and technologies; the project on improving the institutional and market development of high energy efficiency products and technologies and energy saving services; the project on promoting the program at the construction works; and the project on promoting energy efficiency in the transport sector.
The MoIT recommends incentive mechanisms for key energy users as well as small and medium enterprises to help them improve their capacity for energy use. One such mechanism is to setting up funds to promote energy efficiency for small and medium enterprises and building a sustainable energy market. This mechanism will not increase public spending, but aims to attract more participation from private and foreign sectors, and increase public-private partnerships (PPP) in the energy sector.
Vietnam’s economy continues to grow at a high rate compared to other countries in the region and around the world. The country's electricity demands will increase by an average of 8.7 pct. Therefore, finding a solution for the full supply of energy needed for economic development is an important and urgent issue. Surveys have showed that Vietnam has many opportunities for energy saving in all areas, from industrial production and trade to services.
However, in the past time, the enforcement of regulations on energy efficiency has been ineffective. Many enterprises have not actually fulfilled the requirements in accordance with the regulations issued. In addition, funding from the state budget for the program is often late and insufficient, while the subjects within the program are very broad and varied.
The national program on electrical energy efficiency and conservation during the 2019-2030 period shows Vietnam’s commitment to reducing greenhouse gas emissions by 8 pct a year by 2030 in order to mitigate the effects of climate change, and the figure could increase to 25 pct if there was greater international support.
According to energy consultants from the World Bank, energy use is often ineffective due to penalties being too light. This is the common situation of many countries. The program is not effectively implemented in state-run offices and companies which lack strict supervision.
To achieve the program’s target, almost all provinces and cities issued their own instructions on promoting the implementation of efficient energy usage and set up local steering committees for the project. Relevant ministries and sectors needed to complete the legal framework for the practice of efficient energy usage during this year. Major provinces and cities should actively develop plans for energy efficiency and conservation, and insert the program into their socio-economic development strategy.
See also
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Mechanical supporting industry needs long-term solutions
06:00 | 14/05/2024 Support industries
More support for domestic automobile industry
08:09 | 13/05/2024 Support industries
See more news
Germany helps Việt Nam to decarbonise steel industry
06:00 | 12/05/2024 Industry
Green production, trade will help wood industry increase export: Viforest
06:00 | 11/05/2024 Industry
Rooftop solar power trading is a no, for now
06:00 | 09/05/2024 Energy
Thai Nguyen energizes rural industrial enterprises
14:00 | 08/05/2024 Industry promotion
IC development challenges Dong Nai Province
14:00 | 07/05/2024 Industry promotion
Textile and garment businesses face difficulties due to lack of domestic supply
05:00 | 07/05/2024 Industry
Automobile industry reported strong sales in Q1
06:00 | 05/05/2024 Industry
DPPA boots renewable energy, competitive electricity market
15:06 | 03/05/2024 Energy
Maintaining growth momentum of textile and garment sector
06:00 | 03/05/2024 Industry
No power shortage under any circumstances: Minister
06:00 | 01/05/2024 Energy
Leaders pay tribute to President Ho Chi Minh to mark his 134th birthday
10:05 | 19/05/2024 News and Events
Hà Nội Metro announces profit from the Cát Linh–Hà Đông metro line
10:00 | 19/05/2024 Economy
Cement makers call for scraping of clinker export tax
09:00 | 19/05/2024 Economy
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Digital transformation in logistics - a key to unlocking sustainable e-commerce and economic development
07:00 | 19/05/2024 Economy
Multimedia
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism
The Anam Cam Ranh named among Vietnam’s best family hotels
06:00 | 11/05/2024 Vietnamese Brands
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
Tax, land rent payment deadlines to be extended this year
06:00 | 19/05/2024 Policy
Ministry proposes tax filing deadline extension for 2024
06:00 | 17/05/2024 Policy
Viet Nam targets to have 2 million enterprises by 2030
07:00 | 15/05/2024 Policy
Law on Telecommunications hoped to promote development of new telecoms services
06:00 | 13/05/2024 Policy
Energy giants plan for national power plan
06:00 | 18/05/2024 Energy
Vietnam charts vision for sustainable, modern fisheries
06:00 | 16/05/2024 Industry
Vietnam should seize opportunity to join global semiconductor supply chain
08:00 | 15/05/2024 Industry
Việt Nam's wood industry strives to match sustainable wood demands
07:00 | 14/05/2024 Industry
Delegation from EU, Netherlands explore investment opportunities in Thai Nguyen
07:10 | 18/05/2024 FDI
Desk established in Dong Nai to support Japanese investors
09:02 | 16/05/2024 Investment
Vietnam should not miss opportunities to attract FDI
08:00 | 14/05/2024 FDI
New wave of Chinese investment
06:00 | 12/05/2024 FDI
Banks raise interest rates to attract depositors
16:47 | 17/05/2024 Finance-Banking
Credit access obstacles lifted for collective economic entities
06:00 | 16/05/2024 Finance-Banking
Government urged to narrow domestic, global gold price gap
08:36 | 15/05/2024 Finance-Banking
Biometric verification ensures safer money transfers
17:23 | 13/05/2024 Finance-Banking
First provincial biodiversity museum launched in Quảng Nam
06:00 | 19/05/2024 Environment
Enhancing informal sector’s role in EPR implementation
06:00 | 18/05/2024 Environment
Centre opened to serve environmental data integration, monitoring network operation
06:00 | 16/05/2024 Environment
Capacity building for policy makers, large emitters on ETS and carbon market
08:48 | 15/05/2024 Environment
Semiconductor investment prioritized
06:29 | 17/05/2024 Science - Technology
Full cyber stream ahead Bắc Giang focuses on digital society development
06:00 | 11/05/2024 Science - Technology
35 localities piloting four-wheel EVs for tourists, despite no official legal regulations
07:00 | 09/05/2024 Science - Technology
2024 VinFuture Prize records 1,469 nominations
06:00 | 07/05/2024 Science - Technology
HCM City to complete 183km of metro routes by 2035
06:00 | 17/05/2024 Society
Railway sector gets creative to attract passengers
07:00 | 15/05/2024 Society
Việt Nam’s largest high-speed ship service from HCM City to Côn Đảo launched
07:00 | 14/05/2024 Society
Central Highlands to become renewable energy hub
08:58 | 13/05/2024 Society
Vietnamese agricultural products to take part in Foodservice Australia 2024
15:08 | 17/05/2024 Vietnamese Brands
PV GAS launches Month of Workers
10:22 | 16/05/2024 Companies
National Brand Program promotes prestigious Vietnam
13:09 | 15/05/2024 Vietnamese Brands
Largest made-in-Vietnam bulk carrier launched
17:07 | 13/05/2024 Vietnamese Brands
Việt Nam plans to preserve ethnic minorities’ intangible cultures at risk of disappearing
06:00 | 15/05/2024 Lifestyle
The Hải Phòng Red Flamboyant Festival celebrated the city's special UNESCO status
16:49 | 13/05/2024 Lifestyle
Nguyễn Dynasty Urns in Huế make it to the UNESCO Memory of the World List
07:00 | 11/05/2024 Lifestyle
European Literary Days focuses on gender
06:00 | 09/05/2024 Lifestyle
Tourism sector goes green for sustainable development
08:22 | 19/05/2024 Tourism
Vietnamese tourism information centre opened in India
08:00 | 18/05/2024 Tourism
Mysterious 'floating' lake discovered in Quảng Bình
16:54 | 13/05/2024 Tourism
HCM City: top spot in Việt Nam for slow travel lovers
09:00 | 13/05/2024 Tourism