The 2024 energy efficiency award in industry-construction and the energy-efficient product award ceremony was held in Hanoi on December 20 to honor 11 outstanding industrial enterprises and 19 construction projects in the application of energy-saving measures.

The award also honored 16 business managers for their energy management efforts.

According to the organizers, including the Ministry of Industry and Trade and the Vietnam Energy Conservation and Energy Efficiency Association (VECEA), the annual award is expected to encourage enterprises to take energy efficiency solutions and contribute to achieve the goal of reducing energy consumption by 8-10% in the 2019-2030 period.

According to the Vietnam Electricity (EVN), over 3,000 key industrial facilities in Vietnam consume about 80 billion kWh each year and if they can save 2% of their power consumption, the country can save 1.6 billion kWh a year, equivalent to VND3.2 trillion ($125 million).