'Northern power shortage has been warned in advance, bringing in new power source must be 3

On the morning of June 14, in Hanoi, the Industry 4.0 Summit 2023 organized by the Central Economic Committee began with a series of thematic seminars.

Deputy Head of the Central Economic Commission Nguyen Duc Hien delivered the opening speech at the workshop on energy industry.

Speaking at the opening ceremony of the seminar on technology trends and solutions for developing Vietnam's energy industry in the industrialization and modernization strategy to 2030, with a vision to 2045, Deputy Head of the Central Economic Commission Nguyen Duc Hien said that Resolution 29 dated November 17, 2022 of the 13th Central Committee identified the energy industry as one of the 6 fundamental industries, prioritizing the development of renewable energy industry and new energy industry.

Previously, Resolution 55 dated February 11, 2020 of the Politburo on the strategic orientation of Vietnam's national energy development to 2030, with a vision to 2045, determined that it is necessary to gradually master modern technology, towards self-sufficiency in producing most energy equipment; focus on researching and applying achievements of the fourth industrial revolution in developing all energy sub-sectors and fields; promote digital transformation in the energy industry...

Recently, the Prime Minister issued the Power Plan VIII, which identified specific targets closely following Resolution 55, even some higher targets to match Vietnam's commitment to bring net zero emissions by 2050 at COP 26.

According to Mr. Hien, the policy of industrialization and modernization was proposed from the 3rd Party Congress, after 10 congresses, up to the 13th Congress, many goals were assessed as not yet completed. Therefore, Resolution 29 has proposed 24 specific goals to be completed, not to be left as in the previous period.

Many policies for developing the electricity industry are slow to be institutionalized.

Emphasizing that many workshops on energy transition have been organized, Mr. Hien said that the Central Economic Committee's wish when organizing the workshop is to listen to experts, ministries and sectors' suggestions on how Vietnam can achieve its energy development goals.

Mr. Hien acknowledged that ensuring energy in recent times requires Vietnam to quickly institutionalize and concretize the orientations in the above resolutions.

Mr. Nguyen Anh Tuan, Deputy Director of the Institute of Energy and Environment, Member of the Executive Committee of the Vietnam Energy Association, spoke at the workshop.

"The institutionalization of many guidelines and policies in the development of the energy industry in general and the electricity industry in particular is still quite slow," said Mr. Hien, re-emphasizing the workshop's desire to listen to the frank opinions of businesses, experts, and localities on this issue.

Ensuring energy security must be prepared very early

In his opening speech, Mr. Nguyen Anh Tuan, Deputy Director of the Institute of Energy and Environment, Member of the Executive Committee of the Vietnam Energy Association, also raised the issue of how to both implement energy transition and avoid risks of unsafe energy supply in the context of sudden increases in fuel prices due to political conflicts or extreme weather.

"We also know that the power shortage in the North in May and June has been warned in advance, but it will take at least 3-4 years, or even longer, to bring in a new power source. Therefore, ensuring energy security is something that must be prepared very early," said Mr. Tuan.

Regarding the development of wind and solar power, Mr. Tuan said that solar power equipment technology is developing rapidly and the trend is towards low prices. However, it is necessary to learn from the consequences of investment management in the past so that this source of electricity is not only self-produced and self-consumed but also encourages economic efficiency for businesses, but also does not negatively affect the power grid.

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