The conference plays an important role in synthesizing in-depth opinions from management agencies, experts, businesses and stakeholders, aiming to perfect the legal framework to promote sustainable energy use in Vietnam.
Speaking at the opening of the conference, Ms. Nguyen Thi Lam Giang - Director of the Department of Innovation, Green Transformation and Industrial Promotion (Ministry of Industry and Trade) - emphasized that amending and supplementing the Law on Economic and Efficient Energy Use is an important step to promote the transition to a green economy. The new law will encourage investment in energy-saving and emission-reducing technology, in line with the trend of sustainable development.
After 15 years of implementation, the Law on Energy Efficiency and Sauciation has revealed some shortcomings, requiring review and adjustment to suit reality. This amendment aims to promptly meet new requirements in energy use activities, especially in the manufacturing and industrial processing industries, helping Vietnamese enterprises adapt to the context of integration and green development trends.
According to Ms. Giang, currently, policies to control greenhouse gas emissions globally are increasingly tightening. Notably, environmental regulations from major markets such as the European Union, the US and the Asia-Pacific region are creating new technical barriers. For example, the EU's carbon tax expected to be applied from 2026, regulations on "green passports" for the textile and garment industry, or requirements for carbon traceability for exported goods all pose major challenges for Vietnamese enterprises.
"These regulations are becoming increasingly strict, creating significant pressure on Vietnam's main industrial export products such as textiles, footwear, plastic, steel, electronics, seafood processing... when participating in major markets such as Europe, the US, China" - Ms. Giang commented.
In addition, the mobilization of resources for the green industrial transformation process in Vietnam still has many limitations, not meeting market requirements. Meanwhile, countries such as the US, South Korea and ASEAN countries have all implemented many policies to support businesses in improving production lines to meet environmental standards.
Vietnam has committed to achieving net emissions of 0 by 2050. Therefore, according to Ms. Giang, it is necessary to promote energy restructuring, reduce dependence on fossil energy, and at the same time enhance the development of renewable energy. In particular, the amendment of the Law on Energy Efficiency and Savings should aim at adding mandatory regulations, instead of stopping at the previous incentive level. This will be one of the important solutions to implement the Power Plan VIII and ensure sustainable development.
At the conference, delegates were updated with the latest mechanisms and policies related to the draft Law on amending and supplementing. At the same time, experts also shared practical experiences and proposed solutions to improve energy efficiency in the new context.
