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The US$102 million new fund will help improve industrial energy efficiency in Vietnam

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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A new $102 million fund aims to help industrial users in Vietnam drive the adoption of
energy-efficient technologies.

The US$102 million new fund will help improve industrial energy efficiency in Vietnam

Industrial companies will be able to fund the purchase of energy efficiency and product optimization technologies to reduce energy consumption and production costs
.

The Ministry of Industry of Viet Nam and the World Bank are funding
the Fund's projects.

Ousmane Dione, World Bank Country Director for Vietnam, said: "Over the past few years, the Vietnamese government has made great efforts
to develop policies and regulations aimed at improving energy efficiency in all sectors.

Vietnam's energy sector faces many challenges
due to limited domestic energy resources and high electricity demand that supports economic growth.
In this context, implementing and expanding energy efficiency investments will bring multiple benefits, such as improving the competitiveness of Vietnam's industrial sector, reducing greenhouse gas emissions, and avoiding investment in new coal-fired power generation
.

，

A new $102 million fund aims to help industrial users in Vietnam drive the adoption of
energy-efficient technologies.

energy efficiency

The US$102 million new fund will help improve industrial energy efficiency in Vietnam

Industrial companies will be able to fund the purchase of energy efficiency and product optimization technologies to reduce energy consumption and production costs
.

The Ministry of Industry of Viet Nam and the World Bank are funding
the Fund's projects.

，

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