Renewable energy as a crucial pathway to develop low-carbon economy

Addressing the Forum, VCCI Vice President Vo Tan Thanh said that amid the shift towards green energy, Vietnam is also making efforts to accelerate the energy transition, promoting wind power, solar power and clean energy sources.

He assessed that this is not only an inevitable requirement to ensure national energy security, but also a great opportunity for businesses to improve their competitiveness, meet ESG standards and participate more deeply in the global value chain.

In particular, on August 20, 2025, the Politburo issued Resolution No. 70-NQ/TW on ensuring national energy security. Previously, on May 4, 2025, the Politburo issued Resolution No. 68-NQ/TW on private sector development, which identified the green index as a strategic pillar of the Vietnamese economy. Along with that is the implementation of the National Energy Development Strategy to 2030, with a vision to 2045.

“These are important orientations, creating the foundation for the formation of a transparent, competitive and sustainable energy market, with the active participation of the private sector,” said VCCI Vice President Vo Tan Thanh.

In Mr. Vo Tan Thanh’s view, renewable energy development is not only a technological solution, but also an inevitable path to building a low-carbon economy, reducing dependence on fossil fuels and attracting foreign investment. This is also the direction for Vietnam to fulfill Vietnam’s commitment to net zero emissions by 2050.

In the roadmap to energy transition, ensuring high economic growth and national energy security, the Prime Minister issued Decision No. 768/QD-TTg dated April 15, 2025 approving the Adjustment of the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (PDP8). Therefore, the Ministry of Industry and Trade also issued Decision No. 1509/QD-BCT, dated May 30, 2025, approving the Plan for implementing the PDP8.

However, VCCI Vice President Vo Tan Thanh said that the PDP8 implementation process still has many shortcomings: Administrative procedures are complicated and lengthy; The legal framework for the DPPA mechanism is still unclear, causing difficulties for businesses that want to buy electricity directly from renewable energy projects; Businesses are still confused about combining multiple power sources, especially taking advantage of rooftop solar power in parallel with the national grid system; Policies to encourage new energy and renewable energy have been issued but have not really come into life, making it difficult for businesses to take advantage effectively.

“These bottlenecks are slowing down the greening of production, even reducing the competitiveness of Vietnamese enterprises in the international market, especially in regions with strict standards on sustainable development such as the EU, the US, and Japan,” VCCI Vice President Vo Tan Thanh emphasized.

From that, VCCI Vice President Vo Tan Thanh emphasized that today's Forum has a very important significance. It is a forum for us to have frank dialogue and share practical experiences. It is an opportunity for businesses, associations, Government authorities and experts to analyze problems and shortcomings together. More importantly, it is a chance to propose solutions and policy recommendations, contributing to perfecting the legal framework, removing difficulties, and creating more favorable conditions for businesses to access and use clean and efficient energy.

At the same time, VCCI Vice President Vo Tan Thanh also affirmed that VCCI is committed to listening to and gathering all opinions from today's forum to report and make recommendations to the Party, Government and ministries and sectors; accompanying businesses in green transition, through consulting, training programs, supporting the implementation of ESG standards; promoting international cooperation; mobilizing resources, technology and global experience in developing renewable energy in Vietnam.