Vietnam hener energy solutions

How can the US help Vietnam improve energy security?

With the U.S. industry as a partner, Vietnam has the potential to ensure its energy security and develop a sustainable industrial sector with efficient, digitally enabled, ‘smart’ power that is the core of the development. Support local authorities, to encourage the adoption of renewable energy and energy efficiency measures locally.

What is Vietnam's energy industry looking for?

Vietnam’s energy industry is looking for innovative solutions to address energy and environmental issues. The goal is to create a foundation for Vietnam’s energy industry to develop sustainably while ensuring energy security to effectively serve the country’s socio-economic development, national defense, and security.

Can renewables help Vietnam meet its energy needs?

Renewables have the potential to become the lowest-cost option for Vietnam to meet its energy needs. Vietnam’s power system is at an inflection point. Over the past five years, load has increased at an average of about 10 percent a year, a staggering pace.

Will Vietnam build a better energy future?

Building a cheaper, cleaner, and more secure energy future for Vietnam will not happen overnight. Other markets further along in development of renewable power greatly benefited from the support of the government.

Why is Vietnam a good place to invest in energy?

The goal is to create a foundation for Vietnam’s energy industry to develop sustainably while ensuring energy security to effectively serve the country’s socio-economic development, national defense, and security. A recent Vietnam study showed that the level of energy waste in the industrial production sectors in Vietnam is still quite large.

Should Vietnam pursue a renewables-led pathway?

Renewables are the lowest-cost option for Vietnam to meet its energy needs. Pursuing a Renewables-Led Pathway offers the country the prospect of less expensive, cleaner, and more secure energy. Failure to move forward could leave an estimated $23 billion of value on the table between now and 2030, and more in the years to follow.