The localization rate in renewable energy projects is currently at over 35 per cent, only domestic supporting industrial products can ensure the supply of stages such as project establishment, installation, connection,...
Participants noted that to realize the goals set in developing renewable energy, it is essential for Vietnam to promptly remove legal and regulatory barriers in order to effectively attract investor into the sector.
The Green and Clean Energy towards Net Zero forum co-hosted by Vneconomy / Vietnam Economic Times and the Department of Climate Change on July 11, attracting over 200 delegates.
The process of transitioning from fossil fuel energy such as oil and gas to renewable energy forms like wind and solar is creating many challenges for the oil and gas industry. But the greatest challenge is attracting more FDI. The upcoming draft Law on Petroleum is expected to remove these difficulties, helping the oil and gas industry turn “risk” into “opportunity”.