The country alone issued total $1.5 billion of GSS in 2021, nearly 5 times higher than the value of $0.3 billion in 2020, maintaining stable growth for three consecutive years.
Việt Nam needs substantial investments to meet the country’s goal of net-zero emissions by 2050, but gathering sufficient financial resources for renewable transition is not an easy task.
The Cửu Long (Mekong) Delta will need to optimise its natural conditions to develop renewable energy and attract investment in the sector to mitigate the impacts of climate change, experts have said.
Energy shortages are a growing concern in northern Việt Nam, especially during the summer months when power consumption spikes. The issue has been exacerbated by rising prices of input materials for power plants due to the Russia-Ukraine conflict.
The south-central coastal province of Ninh Thuận has leapfrogged to become Việt Nam’s leading locality in renewable energy development, Vice Chairman of Ninh Thuận People’s Committee Phan Tấn Cảnh said in his remarks the Asia virtual conference.
The Minister of Natural Resources and Environment on Wednesday sent a message, highlighting seven focus points to fully unleash Asia’s potential for renewable energy development.