On September 13, 2023, Norwegian businesses were invited Vietnam to provide their professional experience and create competitive advantages, especially through technology. The initiative was taken by the The Royal Norwegian Embassy in Vietnam and Norwegian Energy Partners in coordination with the Oil, Gas and Coal Department of the Ministry of Industry and Trade. Read on and learn more about Vietnam and Norway – partners in Energy Transition.
The participation of the private sector was seen as an important aspect of implementing Power Development Plan VIII and promoting Vietnam’s goal of transitioning from fossil fuels to clean and renewable energy sources.
“Vietnam’s energy industry is constantly growing, but it still faces challenges in terms of energy supply and conversion, while the global energy landscape continues to face many unpredictable fluctuations,” said Ngo Thuy Quynh, deputy director of the Oil, Gas and Coal Department.
Addressing the challenges of the energy industry, PDP8 promotes an equitable energy transition, with specific goals such as 15-20 per cent of renewable energy by 2030 and 80-85 per cent by 2050.
Last month, the Norwegian Embassy in Hanoi launched the Report “Offshore Wind Supply Chain for Fast Track Scenario in Vietnam” and handed it over to Vietnam’s Ministry of Industry and Trade (MOIT).
***********************************************
You might also like to read What the U.S. Could Learn from Clean Energy Adoption in Scandinavia
***********************************************
Vietnam’s ambitious goal of achieving net-zero emissions by 2050 has gained momentum through the Just Energy Transition Partnership. During a meeting on September 18 between Deputy Minister of Industry and Trade Nguyen Hoang Long and Norwegian Ambassador Hilde Solbakken in Hanoi, both sides emphasized the critical role of the partnership in advancing clean energy.
“We are very honored to launch this Report with the presence of MOIT Deputy Minister Nguyen Hoang Long”, said Ambassador Hilde Solbakken. “Norway is proud of the cooperation with Vietnam and MOIT in the renewable energy sector, both as a bilateral partner and a JETP member. We hope this Report will be useful to Vietnam and MOIT in designing a roadmap for developing the country’s offshore wind industry and its local supply chain. I believe this would also open new cooperation opportunities for Norwegian and Vietnamese companies”, Ambassador Solbakken continued.
******************************************
Related: Making a difference: How are Norway businesses setting better sustainability standards?
******************************************
Ambassador Solbakken commented Vietnam’s commitment to the energy transition and reaffirmed Norway’s dedication to assisting Vietnam in achieving its sustainability goals. This strengthened bilateral cooperation marks a significant step toward a greener future for both nations.
You can download the report here.
Vietnam and Norway – Partners in Energy Transition, Tor Kjolberg reporting
Images © Norwegian Embassy, Hanoi