Due to limited domestic supply, Vietnam has become increasingly dependent on energy imports, putting national energy security at risk, Nguyen Van Thanh, deputy head of the Electricity and Renewable Energy Department under the Ministry of Industry and Trade, told the Vietnam Technology and Energy Forum 2018 on July 31.
An active hydropower dam
According to a report by the Electricity and Renewable Energy Department, after executing the national energy development strategy by 2020 with a vision to 2050 for 10 years, the local energy sector has achieved positive results. However, some targets have yet to be fulfilled.
Dung Quat and Nghi Son oil refineries are likely to reach a combined processing capacity of 16.5 million tons of crude oil by 2020, well below the estimate of 25-30 million tons. Continue reading “Vietnam increasingly reliant on imported energy”