Providing a fresh perspective on how the transition could be executed effectively, the US Embassy shared its experiences in developing policy regarding transformation and potential support.
Vietnam is estimated to need at least US$7-US$9 billion of investment in LNG import infrastructure.
The purchase of rooftop solar power is part of efforts to boost the development of renewable energy in Vietnam amid quick energy transition.
Under the agreement signed on November 30, Vietnam will import 5 million barrels for the first half of 2020.
This is the latest loan of AFD's more than US$2 billion for sustainable development projects in Vietnam.
Denmark has over the past decade been continuing its commitment to help Vietnam pursue cleaner and cost-effective energy in the power mix.