On September 13, 2023, Norwegian companies had been invited Vietnam to supply their skilled expertise and create aggressive benefits, particularly by way of know-how. The initiative was taken by the The Royal Norwegian Embassy in Vietnam and Norwegian Vitality Companions in coordination with the Oil, Gasoline and Coal Division of the Ministry of Business and Commerce. Learn on and be taught extra about Vietnam and Norway – companions in Vitality Transition.
The participation of the personal sector was seen as an vital side of implementing Energy Growth Plan VIII and selling Vietnam’s aim of transitioning from fossil fuels to scrub and renewable power sources.
“Vietnam’s power business is continually rising, however it nonetheless faces challenges by way of power provide and conversion, whereas the worldwide power panorama continues to face many unpredictable fluctuations,” mentioned Ngo Thuy Quynh, deputy director of the Oil, Gasoline and Coal Division.
Addressing the challenges of the power business, PDP8 promotes an equitable power transition, with particular targets corresponding to 15-20 per cent of renewable power by 2030 and 80-85 per cent by 2050.
Final month, the Norwegian Embassy in Hanoi launched the Report “Offshore Wind Provide Chain for Quick Monitor State of affairs in Vietnam” and handed it over to Vietnam’s Ministry of Business and Commerce (MOIT).
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You may also prefer to learn What the U.S. May Be taught from Clear Vitality Adoption in Scandinavia
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Vietnam’s bold aim of reaching net-zero emissions by 2050 has gained momentum by way of the Simply Vitality Transition Partnership. Throughout a gathering on September 18 between Deputy Minister of Business and Commerce Nguyen Hoang Lengthy and Norwegian Ambassador Hilde Solbakken in Hanoi, each side emphasised the essential function of the partnership in advancing clear power.
“We’re very honored to launch this Report with the presence of MOIT Deputy Minister Nguyen Hoang Lengthy”, mentioned Ambassador Hilde Solbakken. “Norway is pleased with the cooperation with Vietnam and MOIT within the renewable power sector, each as a bilateral accomplice and a JETP member. We hope this Report can be helpful to Vietnam and MOIT in designing a roadmap for creating the nation’s offshore wind business and its native provide chain. I imagine this might additionally open new cooperation alternatives for Norwegian and Vietnamese firms”, Ambassador Solbakken continued.
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Associated: Making a distinction: How are Norway companies setting higher sustainability requirements?
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Ambassador Solbakken commented Vietnam’s dedication to the power transition and reaffirmed Norway’s dedication to helping Vietnam in reaching its sustainability targets. This strengthened bilateral cooperation marks a major step towards a greener future for each nations.
You’ll be able to obtain the report right here.
Vietnam and Norway – Companions in Vitality Transition, Tor Kjolberg reporting
Photos © Norwegian Embassy, Hanoi
