New source: Sparks fly at a cutting and bevelling workshop for wind turbine towers in Tan Thanh. Vietnam has incentives in place to encourage investment in renewable and clean energy in line with the government's bid to break away from traditional fossil fuels. — Bloomberg
HANOI: Vietnam must continue to research and refine policy frameworks and state management mechanisms in the development of renewable energy (RE), according to Pham Quang Huy, the deputy director of the Electricity Regulatory Authority of Vietnam under the Industry and Trade Ministry.
He shared this perspective during the third Vietnam clean energy forum recently.
As energy demand continues to rise and domestic sources of fossil fuels for electricity generation become increasingly scarce, ensuring national energy security has become a pressing issue that requires a long-term vision, Huy said.
Consequently, Vietnam must devote considerable attention to improving its policy frameworks and state management mechanisms to facilitate the development and expansion of RE sources.
The Vietnam clean energy forum is a platform for experts, policymakers, and industry stakeholders to discuss the challenges and opportunities related to clean energy development in Vietnam.
The move aims to attract more participation from the private sector in infrastructure development and energy service provision as well as taking advantage of national resources and ensuring a balance for the safety of electricity system operation, he said.
Cap Tuan Anh, deputy head of the development strategy department, electricity of Vietnam, said developing RE sources at reasonable prices is associated with ensuring operational safety and the economic benefit of the power system.
The structure of power sources, as well as wind power and gas power, in particular, for 2030 has been calculated by the consulting unit and decided by the competent authorities. — Viet Nam News/ANN
