It is urgent to reinforce transmission capacity over the next decade to connect renewable energy supplies in the south with energy demand in the north, said Director of the Danish Energy Agency (DEA)’s Global Cooperation Centre Ulrik Eversbusch at the launch of Vietnam Energy Outlook Report 2021 in Hanoi on June 2.
The launch of Vietnam Energy Outlook Report 2021 takes place in Hanoi on June 2. (Photo: VNA)
Hanoi (VNA) - It is urgent to reinforce transmission capacity over the next decade to connect renewable energy supplies in the south with energy demand in the north, said Director of the Danish Energy Agency (DEA)’s Global Cooperation Centre Ulrik Eversbusch at the launch of Vietnam Energy Outlook Report 2021 in Hanoi on June 2.
The report is a joint product of the DEA and the Electricity and Renewable Energy Authority under the Vietnamese Ministry of Industry and Trade, which provides a scenario-based foundation for policy action by shedding light on the development of the Vietnamese energy system towards 2050.
This year’s report also examines future pathways with comprehensive findings and recommendations for Vietnam to reach the net-zero emissions target by 2050.
To reach net zero emissions by 2050, energy storage is needed but not until after 2030. Battery storage is cost-efficient but too costly for Vietnam in the short term, Eversbusch said.
Analyses show that actual transmission costs are not too expensive so reinforcement of transmission capacity is needed, he said, noting this solution should be the first choice since technologies for it have fully developed.
Deputy Minister of Industry and Trade Dang Hoang An, for his part, said the report was based on well-documented data and good modelings to develop scenarios for the energy development in Vietnam. It provides useful information on the energy system in both short and long term, which stays in line with the Government of Vietnam’s policy on sustainable energy development in association with environment protection and energy security goals./.
The United Nations (UN) has affirmed its willingness to support Vietnam in establishing a partnership on energy transition with the Group of Seven (G7) nations in a letter of UN Secretary-General Antonio Guterres to Vietnamese Prime Minister Pham Minh Chinh.
Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue.
Indonesia revealed concrete steps it will take to achieve a fair and affordable energy transition at the 2022 World Economic Forum Annual Meeting (WEFAM) in Davos, Switzerland.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The launch of Vietnam Energy Outlook Report 2021 takes place in Hanoi on June 2. (Photo: VNA)
