Deputy Minister Hoang Quoc Vuong said at the conference that in the past years, Vietnam and Germany have actively cooperated in the field of renewable energy, energy saving and transmission grid. In particular, the German Government has supported the Government of Vietnam in developing wind power projects through official development assistance. In the coming time, the two countries will continue to strengthen cooperation in the field of sustainable energy, specifically on wind power, solar power, smart grid, energy storage and scientific and technology research. 
 

In order to develop the energy sector, Vietnam needs the cooperation and support of the international community, especially development partners with strength of capital, science and technology, and management. Vuong said.
 

"Vietnam highly appreciates the potential, possibilities and prospects for cooperation with the Federal Republic of Germany in the field of sustainable energy. This is an opportunity for the parties to discuss the potential and prospects for this cooperation. The Government of Viet Nam and the Ministry of Industry and Trade are ready to share information, promote the search for and expand cooperation opportunities in the field of energy on the basis of respect and the interests of the parties, Deputy Minister Hoang Quoc Vuong identified.
 

At the workshop, many experts also said that Vietnam's energy needs have increased rapidly in the past 15 years with the commercial energy growth of about 9.5% per year and continued to increase in the next 15 years. Vietnam's power consumption has also increased by an average of 13% a year between 2006 and 2010, and about 11% a year between 2011 and 2016.
 

By 2015, Vietnam's total national energy consumption is about 55 million tons of oil equivalent (TOE). Vietnam's national energy development strategy to 2020, with a vision to 2050, aims to ensure energy supply for socio-economic development: by 2020 it will reach 100 -110 million TOE of primary energy and 310-320 million TOE by 2050.
 

To ensure energy security, Viet Nam is currently transitioning from an energy exporter to an energy importer, expected to import about 17 million tonnes of coal, accounting for 31% of coal demand for electricity generation in 2020.
 

In addition, leading energy experts discussed the challenges and solutions for developing efficient and sustainable energy system in Vietnam. Experts say that the current energy situation poses four challenges for a sustainable energy system, including: reliable energy supply; good price; environmental protection and efficient use of resources.
 

"In order to ensure reliable energy supply and to optimize the efficient use of energy resources, Vietnam needs to maximize the efficient consumption of energy including renewable energy sources, smart grid, changing from centralized electric model to distributed power model, etc. in the roadmap to make Vietnam become an industrial country and achieve sustainability.  
 

In order to achieve a sustainable energy system and a low-emissions economy, Vice Minister Hoang Quoc Vuong emphasized that "Vietnam has been mobilizing domestic and international resources to support electricity development, ensuring sufficient supply of electricity with increasingly high quality and reasonable electricity prices for the country's socio-economic development. In addition, focusing on optimizing the efficient use of energy resources as well as promoting the use of clean energy and renewable energy."

CPSI office