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Mr Tran Tuan Anh, Minister of Industry and Trade spoke at the forum

Speaking at the Vietnam Energy Summit on July 22, Minister of Industry and Trade, Mr. Tran Tuan Anh said that Resolution No. 55-NQ / TW of February 11, 2020 (Resolution 55) orientation of the National Energy Development Strategy of Vietnam to 2030, vision to 2045, has brought many new points in the view of national energy development guidance to ensure national energy security.

Specifically, Resolution 55 proposes orientations to remove barriers, creating favorable conditions for all economic fields, especially the private field to participate in developing the energy sector in Vietnam.

At the same time, the Resolution also clearly defined the strategy for sustainable development of national energy, focusing on developing suitable and diversified energy sources, while continuingto prioritize renewable energy.

As a nominated focal point of the Government in the field of energy, the Ministry of Industry and Trade has developed and submitted to the Government for promulgation the Government's Action Program, which sets plans to implement in regard to the Resolution.

“For Resolution 55 to come to life, the breakthroughs of the Resolution like developing a variety of energy sources; focusing on prioritizing the development of renewable energy, gas and electricity, etc., which should be concretized by the Government's Action Programs and Resolutions,"Minister Tran Tuan Anh said.

The main tasks of the Government's Action Plan to implement Resolution 55 will include promoting the completion and develop policy mechanisms; building infrastructure to satisfy the development of the energy industry, ensuring the environment, promoting international cooperation in the energy field and the role of the locality in implementing Resolution 55.

First, in terms of speeding up the completion and development of mechanisms and policies, Minister Tran Tuan Anh said that the Government will revise and complete the mechanisms and policies to encourage and promote the developmentnot only of energy supply sources, but also the energy consumption sector in the direction of sustainability and efficiency, encouraging the private sector to participate in this field while the energy industry is developing very dynamically.

This is a priority and important and urgent mission which has been set out in the Government's Action Program to create conditions for a stable and sustainable development of the energy industry.

The Government's Action Plan also assigns the ministries and branches to restructure their energy-consuming industries and sectors in parallel with the implementation of policies on using clean, safe and efficient energy. It is necessary to review and amend the Law on using economical and efficient energy.

Second, to build infrastructure to satisfy the development of the energy industry, ensure the environment and promote international cooperation.

The head of the Ministry of Industry and Trade analyzed that infrastructure is the lifeblood to ensure the smooth circulation and operation of the entire energy industry. Therefore, the Government will continue to promote the development of sustainable energy infrastructure, connecting to the region.

Besides, restructuring, innovating and improving the performance of state-owned enterprises in the energy field; encourage the private sector to participate in the socialization of energy development.

“The Government will study, finalize and promulgate specific mechanisms and policies in the implementation of important energy projects, especially urgent power projects in electricity development planning; create conditions for the proper development of the electricity market in accordance with the transparency of the energy industry.” Minister Tran Tuan Anh said.

Third is the role of the localities in implementing Resolution no 55.

People's Committees of provinces and centrally-run cities need to develop mechanisms and create favorable conditions for investors to deploy energy projects in their localities; participate in building, suggesting, completing breakthrough mechanisms and policies for the sustainable development of the energy field.

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In addition, localities need to update and adjust their plans to avoid overlapping with energy development plans, create conditions to mobilize maximum resources to develop the energy field and other industries of Vietnam.