The Ministry of Industry and Trade and the German Agency for International Cooperation (GIZ) on January 21 signed an implementation agreement for technical assistance under the Energy Transition Top-up Project.
Under the agreement, the project will be extended through December 2026, continuing efforts to strengthen the strategic, legal, and technological foundations for Vietnam’s sustainable energy transition.
Implemented under the mandate of Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), the project aims to support the development of a long-term energy transition strategy and promote technology transfer toward a low-emission energy system.
With additional funding and an extended implementation timeline, the project has set specific and measurable objectives. In-depth analytical studies will focus on priority areas such as facilitating investment, electricity system and market operations, enhancing grid flexibility through energy storage, promoting digital transformation, and developing emerging low-emission energy technologies.
A key target of the project is to engage more than 150 businesses nationwide, with 70% expected to invest in energy transition solutions and express confidence in Vietnam’s legal and regulatory framework. This is seen as an indicator of improvements in the investment environment and growing private sector confidence in national energy policy.
In addition to business support, the project will identify and propose advanced technological solutions, including microgrids and distribution automation systems, to help grid operators and state regulators improve power system operations and advance smart grid connectivity.
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