The Ministry of Industry and Trade, in collaboration with the World Bank, held the workshop “Energy Efficiency – Invest Effectively.” The event, which was part of the “Vietnam Scaling Up Energy Efficiency Project (VSUEE)” funded by Green Climate Change, was conducted in a hybrid format, attracting participants both in-person and online.
Representatives from the Ministry of Industry and Trade, the World Bank, the VSUEE Project Management Office, Saigon-Hanoi Commercial Joint Stock Bank (SHB), financial institutions, and industrial enterprises nationwide gathered to discuss solutions and foster connections aimed at promoting energy efficiency projects in Vietnam’s industrial sector.
In her opening address, Ms. Nguyen Thi Lam Giang, Director General of the Department of Energy Efficiency and Sustainable Development and Director of the VSUEE Project, highlighted the strategic importance of energy efficiency in Vietnam’s sustainable development. She referred to the Politburo’s Resolution No. 55/NQ-TW, which designates energy efficiency as a national priority. “Energy efficiency is crucial for ensuring energy security and promoting sustainable development in the energy sector,” she emphasized.
The VSUEE project exemplifies Vietnam’s dedication to optimizing energy consumption and reducing greenhouse gas emissions. Ms. Giang noted the importance of financial mechanisms like the Risk Sharing Facility (RSF), which facilitates partnerships between enterprises and financial institutions to meet the nation’s energy efficiency goals.
At the event, the Project Management Office presented a detailed overview of the VSUEE project, explaining how it provides technical and financial support to industrial enterprises and financial institutions. A representative from SHB introduced the Risk Sharing Facility, which guarantees up to 50% of loans for energy efficiency investments, thus minimizing credit risks for financial institutions. Participating Financial Institutions (PFIs) can also benefit from specialized training and access to the latest green technologies.
Energy expert Mr. Duong Chi Cong from Vietnam Technology Solutions JSC (VETS) shared valuable insights on technological innovations in the industrial sector, presenting energy-saving strategies for industries such as cement, textiles, plastics, paper, steel, beverages, and seafood processing. His session underscored the benefits of energy efficiency solutions in reducing production costs and addressing environmental and energy challenges.
The workshop featured two key information sessions. Information Session 1, titled “Energy Efficiency Solutions and Technical Support,” involved discussions with Energy Service Companies (ESCOs) and Energy Efficiency Service Providers (EESPs) on technological processes and energy-saving solutions. Information Session 2, “The Financial Pathway,” explored various financial products, including RSF, financial processes, loan offerings, and guarantee mechanisms designed to support energy efficiency projects.
The “Energy Efficiency – Invest Effectively” workshop provided a platform for industrial enterprises to access cutting-edge energy efficiency technology and connect with financial institutions. The Ministry of Industry and Trade and the World Bank aim to accelerate the adoption of energy efficiency measures, advancing Vietnam’s industrial sector toward a sustainable, energy-efficient future in alignment with the National Energy Efficiency Program 2019–2030.
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