On September 25, the Ministry of Industry and Trade in coordination with the Ministry of Finance and the Korea International Cooperation Agency (KOICA) held a workshop to summarize the Project to promote the energy-saving and efficient investment market in the industrial sector and support the implementation of the Vietnam Green Growth Action Plan.
Speaking at the opening of the workshop, Ms. Nguyen Thi Lam Giang - Director of the Department of Innovation, Green Transformation and Industrial Promotion (Ministry of Industry and Trade) emphasized that the project "Promoting the energy-saving and efficient investment market in the industrial sector and supporting the implementation of the Vietnam Green Growth Action Plan" funded by the Korean Government through KOICA is a clear demonstration of the friendly, trusting and effective cooperative relationship between the two governments of Vietnam and Korea.
After more than 3 years of implementation, the project has achieved many practical results, contributing to promoting the market to invest in energy-saving solutions in the industrial sector, supporting the implementation of the goals of the National Green Growth Action Plan. At the same time, it improves the capacity of management agencies, enterprises and financial institutions in accessing, appraising and implementing energy-saving projects.
It can be affirmed that the success of the project has created an important foundation to continue replicating good models and experiences, contributing to building mechanisms and policies to encourage investment and expand the energy-saving and efficient market in Vietnam in the coming time, Ms. Nguyen Thi Lam Giang affirmed.
The project "Promoting the market to invest in energy saving and efficiency in the industrial sector and supporting the implementation of the Vietnam Green Growth Action Plan" is implemented in the period of 2021-2025 nationwide, contributing to the national goal of reducing energy intensity by improving energy efficiency in the Vietnamese industrial sector; ensuring energy security for economic and social development; reducing greenhouse gas emissions to respond to climate change.
The Ministry of Industry and Trade is the governing body, responsible for implementing energy efficiency components in industry. The Ministry of Finance is responsible for implementing green growth components.
Sharing about the achieved results of the Project, Mr. Lee Byung Hwa, Country Director of KOICA in Vietnam, said: Through the project, Vietnam and Korea have cooperated closely to improve energy efficiency in the industry, build a green financial foundation and create a foundation for sustainable development.
According to Mr. Lee Byung Hwa, the project has researched, developed and revised energy consumption norms and provided technical instructions on energy efficiency for key industries such as steel, cement, paper, and textiles. At the same time, capacity building programs were implemented with the participation of many domestic and foreign experts, thereby sharing valuable knowledge and experience of Korea on energy efficiency and green growth with many stakeholders.
In addition, the project has also supported the implementation of feasibility studies on energy-saving investment in enterprises, creating a foundation for the project's results to not only stop at research but can also be converted into actual investments.
Through close coordination with localities, the project has developed input reports on green growth plans for 10 localities, providing specific recommendations, solutions and tasks for localities to integrate, complete and issue green growth action plans for their localities.
In addition, through research on public investment in climate and green investment guidelines, the project has contributed to creating an institutional framework, serving as a basis for encouraging financial institutions and private enterprises in Vietnam to participate in green growth projects in the future. Along with seminars, training courses and communication activities, the Project has contributed to spreading knowledge, encouraging changes in thinking and action towards green growth and sustainable development.
These results cannot be achieved through the efforts of an organization alone, but are the result of strong attention from the Vietnamese Government, the active support of domestic businesses and experts, and the dedicated dedication of cooperation agencies and experts from both Vietnam and Korea - Mr. Lee Byung Hwa emphasized.
