HCMC – The French Ambassador to Vietnam, Nicolas Warnery, has said Vietnam’s growth trajectory remains strong given a steady rise of 8%-10% in annual energy needs.
Speaking at an energy transition seminar in HCMC yesterday, July 12, he hailed the nation’s strong commitments reflected in its energy goals.
At the UN Climate Change Conference in Glasgow (COP26) late last year, Vietnam’s Prime Minister Pham Minh Chinh emphasized the need to put climate change and environmental management at the center of economic development.
He signed onto a UK-led commitment to accelerate the clean energy transition and move away from coal. These commitments build on the recent boom in solar and wind power and the need to ensure Vietnam’s competitiveness in a world where low-carbon energy and environmental sustainability are key for attracting international investment.
In February 2020, the Politburo under the Party Central Committee issued Resolution 55-NQ/TW on the orientation of the national development strategy to 2030 and a vision to 2045, which provides a legal basis for Vietnam’s transition to renewable energy.
Ambassador Warnery told the seminar that France and French energy firms are ready to work together with the Vietnamese side to facilitate the transition to renewable energy. Several French energy companies are already present in Vietnam, such as EDF, Artelia and Tacquet Industries.
In April 2022, the Vietnamese Ministry of Industry and Trade sent the draft master plan 8 for energy development to the Government. This plan is more focused on meeting the country’s COP26 commitments.