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Vietnamese Prime Minister Nguyen Xuan Phuc said in an interview with Reuters that Vietnam plans to more than triple renewable energy generation by 2030 and promote a 26%
increase in household solar energy use.
Ahead of Vietnam's participation in the expanded G7 summit to be held in Canada on June 8-9, Nguyen Xuan Phuc also said he hoped Vietnam would tap into its reserves of about 20 million tonnes of rare earths
.
"Vietnam has great potential in clean and renewable energy development," said Nguyen Xuan Phuc, "We hope to cooperate in R&D and transfer of advanced technologies to mine and further process rare earths to create high value-added and environmentally friendly products
.
" ”
Vietnam's largest rare earth mine is located in the northern province of Lai Chau, bordering
China.
Metal minerals are essential
for technologies such as wind turbines, electric vehicle batteries, solar panels and smartphones.
Vietnam has been seeking to promote the development of renewable energy to reduce its reliance on
coal-fired power generation.
According to the renewable energy development strategy, Vietnam plans to reduce the use of coal products by 40 million tons
by 2030.
A 2016 report on the Ministry of Industry and Trade website predicted that Vietnam would consume 155.
6 million tons of fuel
by 2030.
Thermal power plants will account for 53 percent of Vietnam's total electricity generation by then, compared with 45 percent
currently, the ministry said.
Vietnam's hydropower potential is almost fully exploited, while its oil and gas reserves are also low
.
As a result, Nguyen Xuan Phuc said, Vietnam will "increase renewable energy generation from about 58 billion kWh in 2015 to 101 billion kWh in 2020 and 186 billion kWh
by 2030.
" ”
In 2015, only 4.
3% of households in Vietnam were equipped with solar equipment
.
Solar water heaters have been widely used in Vietnam in recent years, although the penetration rate of solar panels is still very low
.
According to Nguyen Xuan Phuc, Vietnam aims to increase the use of solar equipment for home appliances to 12% by 2020 and 26%
by 2030.
"It is important that we do not sacrifice the environment to pursue economic growth
," Nguyen stressed the need.
”
Vietnamese Prime Minister Nguyen Xuan Phuc said in an interview with Reuters that Vietnam plans to more than triple renewable energy generation by 2030 and promote a 26%
increase in household solar energy use.
Ahead of Vietnam's participation in the expanded G7 summit to be held in Canada on June 8-9, Nguyen Xuan Phuc also said he hoped Vietnam would tap into its reserves of about 20 million tonnes of rare earths
.
"Vietnam has great potential in clean and renewable energy development," said Nguyen Xuan Phuc, "We hope to cooperate in R&D and transfer of advanced technologies to mine and further process rare earths to create high value-added and environmentally friendly products
.
" ”
Vietnam's largest rare earth mine is located in the northern province of Lai Chau, bordering
China.
Metal minerals are essential
for technologies such as wind turbines, electric vehicle batteries, solar panels and smartphones.
Vietnam has been seeking to promote the development of renewable energy to reduce its reliance on
coal-fired power generation.
According to the renewable energy development strategy, Vietnam plans to reduce the use of coal products by 40 million tons
by 2030.
A 2016 report on the Ministry of Industry and Trade website predicted that Vietnam would consume 155.
6 million tons of fuel
by 2030.
Thermal power plants will account for 53 percent of Vietnam's total electricity generation by then, compared with 45 percent
currently, the ministry said.
Vietnam's hydropower potential is almost fully exploited, while its oil and gas reserves are also low
.
As a result, Nguyen Xuan Phuc said, Vietnam will "increase renewable energy generation from about 58 billion kWh in 2015 to 101 billion kWh in 2020 and 186 billion kWh
by 2030.
" ”
In 2015, only 4.
3% of households in Vietnam were equipped with solar equipment
.
Solar water heaters have been widely used in Vietnam in recent years, although the penetration rate of solar panels is still very low
.
According to Nguyen Xuan Phuc, Vietnam aims to increase the use of solar equipment for home appliances to 12% by 2020 and 26%
by 2030.
"It is important that we do not sacrifice the environment to pursue economic growth
," Nguyen stressed the need.
”
