Vietnam’s National Energy Development Strategy to 2030 and outlook to 2045

Purpose: The article evaluates Vietnam's Energy Development Strategy to 2030 and vision to 2045, according to Vietnam Credit, 2019 and Base on Ref. 55-NQ/TW Resolution of the politburo On Orientations of the Viet Nam’s National Energy Development Strategy to 2030 and outlook to 2045. Viet Nam ‘s Energy company need to reset up the strategy and review long term plan to adapt resolution No 55-NQ/TW. Approach/Methodology/Design: This study conducted a systematic review of various documents and secondary data from various sources. Findings: the paper shows that it is vital to balance the energy supply-demand in terms of oil and gas, coal, renewable energy, and other energy sources. The gap between the supply and demand is the framework to setup strategy. Practical Implications: The result of the paper is towards an overview formulate and implement the Vietnam power sector development strategy for the new period. Enable the rapid and sustainable development of power sources, with well-designed structure and allocation, to ensure safety, reliability, stability towards diversification, an increased active power factor, and proper power reserve; and to meet the requirements for the protection of the ecological environment.peer-reviewe

New business opportunities for European companies in Asia within the infrastructure sector - C) energy

This report aims to identify expansion opportunities for European companies with in a selected country that promises the best growth and investment potential. After careful analyses, Vietnam emerges as the most appropriate country to study. Further more, the energy sector is promising and offers a lot of potential. It appears that the Vietnamese Energy sector needs experienced partners as its side to further develop. European companies offer the expertise to close existing gaps and boost Vietnam’s Energy industry, particularly with in the wind power energy market

VIETNAM: POTENTIAL MARKET FOR ATTRACTING FOREIGN DIRECT INVESTMENT AFTER THE COVID-19 PANDEMIC

The COVID-19 pandemic, which has had a broad and deep influence on all countries, is currently unfolding in a complex manner. The world economy has entered a deep recession. Vietnam, a country with a high level of economic openness and substantial international connectivity, has also been hit by the COVID-19 outbreak. Vietnam's economy, on the other hand, has maintained its development, with an anticipated GDP growth rate of 2,91 percent. Following the COVID-19 pandemic, Vietnam is progressively becoming a promising market for attracting foreign direct investment due to key socioeconomic policies and goals, as well as the country's remarkable advantages and position in the international arena

Carbon Border Adjustment Mechanism Impact Assessment Report for Vietnam

The EU’s Carbon Border Adjustment Mechanism (CBAM) is evolving rapidly, with many uncertainties remaining regarding its long-term scope, embedded emissions calculation, and reactions of EU-trade partners. In its current form, the CBAM can affect Vietnamese enterprises exporting to EU although its direct impacts on Vietnam’s GDP are unlikely significant. If the CBAM is expanded to other trade-intensive sectors of Vietnam or taken up by other key trading partners of Vietnam, the impacts may grow quickly. Therefore, Vietnam should engage proactively with the CBAM and prepare for mitigation of potential impacts. One of the pro-active approaches is to accelerate and deepen the adoption of carbon pricing. This will facilitate energy transition, support achievement of Vietnam’s climate change mitigation target (NDC) under the Paris Agreement and long-term net-zero targets and would allow to harness co-benefits. It is also advisable for Vietnam to engage in constructive dialogues with the EU in order to negotiate a fair implementation of CBAM that takes into account Vietnam’s efforts. A key demand here should be the use of emissions credits instead of having to buy CBAM certificates

A study of Vietnam´s energy transition pathway to low-carbon development

Denne masteroppgaven undersøker hvordan en energiomstilling ser ut fra det vietnamesiske perspektivet ved å bruke Cherp et al (2018) sitt metateoretiske rammeverk med tre perspektiver på nasjonale energiomstillinger. Ved bruk av tekstanalyse av vietnamesiske politikk- og strategidokumenter gir denne oppgaven en oversikt over viktige teknoøkonomiske, - sosiotekniske, - og politiske faktorer som påvirker den vietnamesiske energiomstillingen. Vietnam er for tiden avhengig av fossil energi og opplever en økende importavhengighet ettersom energiforsyningen ikke holder tritt med det økende energibehovet i den raskt voksende økonomien. Vietnam har stort potensiale for både sol- og vindkraft og har sett suksess med både sol- og vindkraftutbygging. Men kraftnettet for integrering og overføring, er ufullstendig og opplever flaskehalser, og er foreløpig ikke i stand til å håndtere nivået av generert fornybar kraft. Energisystemet har sterke statlige virksomheter innen fossilt brensel og kraftnettet, som fungerer som hovedaktører. Vietnams nylige suksess med sol og vind, målet om netto nullutslipp innen 2050 og beslutningen om å slutte seg til Global Coal to Clean Power Transition Statement er positive skritt for energiomstillingen. Vietnam balanserer en voksende økonomi og økende energibehov samt behovet for utslippsreduksjon og utslippsopptak, i et energisystem avhengig av fossil energi. Funnene tyder på at energiomstilling i Vietnam signaliserer energisikkerhet. Ved å øke energiforsyning gjennom energi diversifisering med utvikling av fornybar energi, kan Vietnam redusere sin økende avhengighet av importert fossil energi og spesielt kull. Omstillingen fra fossil energi til fornybar energi i Vietnam skjer side om side med utviklingen av energisektoren. Energiomstillingen i Vietnam er både nasjonal og global, da Vietnam fremhever behovet for internasjonal støtte innen finansiering, teknologioverføring og kapasitetsbygging.This thesis investigates what an energy transition looks like from the Vietnamese perspective using the meta-theoretical three perspectives framework on national energy transitions by Cherp et al (2018). Using this framework this thesis give overview of important techno-economic, - socio-technical, - and political factors influencing the energy transition pathway as highlighted by Vietnam. This thesis uses the method of textual analysis of Vietnamese policy and strategy documents. Vietnam is currently dependent on fossil fuels and is experiencing increasing import dependence as domestic supply cannot keep up with the increasing energy demands in the rapidly growing economy. Vietnam has great potential for both solar- and wind power and has seen success with both solar- and wind power development. But the power grid for integrating and transmitting, is incomplete and experiencing bottlenecks, and is currently not able to handle the level of renewable power generated. The energy system has strong state-owned enterprises in fossil fuel and the power grid, functioning as the main actors. Vietnam´s recent success with solar and wind, the net-zero emissions target by 2050 and the decision to join the Global Coal to Clean Power Transition Statement are positives steps in the energy transition pathway. Vietnam is balancing a growing economy and increasing energy demands with the need for carbon mitigation, in a fossil fuel dependent energy system. The findings suggest that energy transition in Vietnam signals energy security. By increasing domestic supply through diversification of the energy mix with renewable energy development, Vietnam can reduce its increasing dependance on imported fossil fuel and particularly coal. Transitioning from fossil fuel to renewable energy for developing Vietnam is occurring alongside energy sector development. Energy transition in Vietnam is both national and global, as Vietnam highlight the need for international support in financing, technology transfer and capacity building

Vietnam's solar and wind power success: Policy implications for the other ASEAN countries

This study analyzes the factors that have facilitated Vietnam's recent rapid solar and wind power expansion and draws policy insights for other member states of the Association of Southeast Asian Nations (ASEAN). A policy-mix analysis focusing on targets, incentive instruments, enabling regulations, and policy implementation is carried out, informed by semi-structured interviews with 20 Vietnamese experts during the period January–March 2021. A comparative analysis between Vietnam and the other ASEAN countries provides policy insights. Generous feed-in tariffs are found to have been a key driver, with income tax and land lease payment exemptions also being important. The main barriers include a high level of policy uncertainty and an underprepared transmission grid. Vietnam's case indicates that a strong price signal and a supportive investment environment can pave the way for rapid solar and wind power uptake. Another key lesson is that early preparation of transmission systems for solar and wind electricity is needed to maximize the potential for expanding the use of these technologies.ASEAN Climate Change and Energy Project (ACCEPT); ANU Zero-Carbon Energy for the Asia-Pacific Grand Challeng

A Comparative Analysis of Starting a Business in Finland and Vietnam - Case study: Sorento Korso and Moon Coffee

This thesis explores the influence of cultural differences on business establishment and management between Finland and Vietnam through case studies of Sorento Korso and Moon Coffee. The primary research questions address the cultural factors affecting business operations, macro-environmental business conditions, and leadership and decision-making perceptions in both countries. Using a qualitative approach, data was collected via interviews and surveys, supplemented by a PESTEL analysis and Hofstede’s Cultural Dimensions Theory. The findings highlight Finland’s preference for direct communication, work-life balance, and collaboration, contrasting with Vietnam’s emphasis on hierarchy, indirect communication, and relationship-building. Finland’s stable, regulated environment supports sustainability, while Vietnam’s dynamic economy offers flexibility but involves regulatory challenges. Leadership styles also differ: Finnish managers encourage equal participation, whereas Vietnamese leaders typically uphold centralized authority. These cultural distinctions have significant implications for entrepreneurs, especially those seeking cross-cultural expansion, highlighting the importance of adapting management styles and business strategies to local expectations. This study contributes to understanding the critical role of cultural awareness in successful international business ventures

Vietnam's emergence as a middle power in Asia: unfolding the power-knowledge nexus

With Asia's current geopolitical rise, International Relations communities in China, Japan and India have attempted to develop indigenous theoretical approaches that attract heated scholarly debates. Little attention, however, is paid to the state of affairs in weaker states. As power today is widely diffused to various actors in the international system beyond the big powers, the power-knowledge literature should be broadened to respond to the growing multiplexity of world order and the call for diversity of International Relations knowledge. As a case in point, this study examines how Vietnam's emerging middle power status has shaped policy and scholarly discourses in the country regarding the trajectory of Vietnam's foreign policy and the burgeoning interest of its International Relations community in a Vietnamese School of Diplomacy. Such scholarly endeavour will help shed light on the heightened agency of middle powers in world politics and the prospects for a Southeast Asian contribution to global International Relations heritage

Pension systems in East Asia and the Pacific : challenges and opportunities

With the recovery from the recent crisis, countries of the East Asia and Pacific region are rethinking their financial, and social policy, including old-age protection. Population aging, in combination with ongoing urbanization, and economic transformation, will place increasing pressure on traditional family care arrangements. Coverage under formal pension systems is generally low, and the absence of social safety nets for the needy elderly, poses risks in the face of breaks in the economic growth path. In addition to common systemic challenges, formal old-age income support systems confront issues specific to their design type: 1) The national provident fund, and social security systems with reserve funds, have demonstrated problems with investment policy, and performance, governance and management. 2) In the established market economies, social security systems are fiscally unsustainable in the long run, and often have a weak benefit-contribution link. 3) These types of systems encounter additional problems in transition economies, including low contribution collection from previously socialized enterprises. Options addressed by the paper involve the adoption of an integrated view on retirement income provision, averting fiscal un-sustainability, and, integrating public, and private sector pensions. Additionally, moving toward a multi-pillar structure with prudent coverage extension, and, fostering financial markets, to allow decentralized pension funds management, are also suggested.Health Economics&Finance,Public Sector Economics,Pensions&Retirement Systems,Environmental Economics&Policies,Banks&Banking Reform