Vietnam is one of the fastest growing countries in Southeast Asia. As the country’s economy continues to grow, Vietnam’s demand for energy has greatly increased. In Vietnam, renewable energy plays an increasingly important role. The Vietnamese government plans to replace long-term fossil fuels with new energy resources between 2015 and 2025. It is expected that wind and solar energy will account for half of total energy resources.

There has been a nationwide shortage of electricity in Vietnam, and in some areas where electricity is insufficient, energy demand has grown at a rate of 17% annually. After realizing that traditional energy production methods are no longer able to meet the needs of economic development, the Vietnamese government strongly urges investment to be directed toward renewable energy projects. The superior geographical position of Vietnam provides good natural conditions for the use of renewable energy sources such as solar energy, wind energy, and geothermal energy.

In order to increase the proportion of renewable energy production in total electricity generation, as early as in 2008 the Vietnamese government invested 10 million U.S. dollars to build Vietnam’s first solar panel production plant in the energy saving center of Ho Chi Minh City, importing solar energy from Germany and France. Batteries, assembled with solar panels in China, have the ultimate goal of being able to produce solar cells autonomously and improve the ability to assemble solar panels. At present, Vietnam has installed more than 800 kilowatts of solar photovoltaic systems for power generation in small home systems, telecommunications, telecommunications, schools and schools.

In order to encourage the use of new energy in residential buildings, the Vietnamese government has invested in the construction of 100 household solar power systems and 200 solar energy residential systems in the Northeast, and established 400 homes in Qianjiang and Charong provinces in the Mekong Delta in the past five years. Solar cell system.

The Vietnam Energy Association stated that the development of new energy and renewable energy has become one of their central tasks from now to 2015. While continuing to assist in the development of traditional energy sources such as electricity, coal, and gas, the Association will also vigorously promote the development of new and renewable energy sources such as solar, wind, geothermal, and biomass, and will cooperate with the Vietnamese government in conducting solar and wind power pilot projects. project.

The Vietnamese government also recently launched a five-year national plan to promote public participation in the use of solar energy. It is estimated that the plan hopes to bring 30,000 solar water heaters with a capacity of 180 liters to the market by 2013. The plan is also dedicated to publicizing the benefits of solar energy and localizing the technology of solar water heaters. At present, Vietnam imports thousands of such accessories every year. According to statistics, solar water heaters planned to be installed can save 57 million kwh of electricity and reduce 23,500 tons of greenhouse gas emissions each year.

As Vietnam continues to introduce policies to encourage investment in new energy, renewable energy investors in many countries have turned their attention to this emerging region. According to reports, the U.S. Export-Import Bank recently stated that it will introduce Vietnam’s newly established US$1 billion financial support to Vietnam for use in the country’s clean energy development.