Hanoi (VNA) – Vietnam RenewableEnergy Week 2019 was launched in Hanoi on September 17 as part of efforts toimplement the Government’s policies on renewable energy development. 

The event, which is running in Hanoi and theMekong Delta province of An Giang from September 17 to 20, is jointly organisedby the Vietnam Sustainable Energy Alliance (VSEA), Vietnam Climate ActionAlliance (VCCA) and the Working Group on Climate Change (CCWG).

The week’s theme focuses on opportunities, challengesand lessons from international users in the energy transition in Vietnam.

This year’s event aims to create a forum forinformation exchanges and multi-stakeholder dialogue to put forth solutions to achievingequal transition of energy and bringing the greatest benefits for sustainabledevelopment in Vietnam.

The week will feature three main workshops,namely “energy transition in Vietnam”, “green finance for renewable energy inindustrial sector in Vietnam”, and “sustainable energy transition:opportunities and challenges for the Mekong Delta.”

Vietnam is moving along with the global trendin energy transition as renewable energy is acknowledged to be the mostimportant and effective solution to climate change.  The adjusted 7th national electricityplan aims to raise the percentage of renewable energy in the national electricitygeneration to 7 percent in 2020, and 10 percent by 2030.

During the past two years, the government hasissued a series of support mechanisms and incentives for the development ofrenewable energy, such as preferential prices for solar and wind power.

As a result, Vietnam has made significantstrides in developing renewable energy in recent years, particularly solarpower, turning the country into one of the most dynamic and attractiverenewable energy markets in the Southeast Asian region.

As of July this year, solar and wind energy hasaccounted for more than 9 percent of the national electricity generation, surpassingthe target for 2020. The total capacity of solar power plants in the countryhas reached 4,543.8 MW and that of wind power plants 626.8 MW.

However, this rapid development is also posingnew challenges for the development of the national grid system, land usage,electricity pricing mechanism, human resources, employment and financialresources./.