Foreword
The Clean Energy Finance and Investment Policy Review of Viet Nam is one of the key outputs of the OECD Clean Energy Finance and Investment Mobilisation (CEFIM) Programme. The CEFIM Programme aims to support governments in emerging economies in South and Southeast Asia as well as Latin America to unlock finance and investment in renewable electricity and energy efficiency (“clean energy”).
The OECD is grateful to the Government of Viet Nam for its co-operation in providing information and for facilitating the virtual review mission conducted in March 2021. Particular thanks is due to CEFIM’s focal points Nguyen Ninh Hai, Director of the Department of New and Renewable Energy of the Electricity and Renewable Energy Authority, and Dang Hai Dung, Chief of the Cleaner Production and Sustainable Production and Consumption Office of the Ministry of Industry and Trade. CEFIM is also grateful to all the government institutions involved in the Review process, including Ministry of Planning and Investment, Ministry of Construction, Ministry of Finance, State Bank of Viet Nam, Ministry of Natural Resources and Environment, and Ministry of Science and Technology.
The Review was managed by Cecilia Tam, Team Leader of the Clean Energy Finance and Investment Mobilisation Programme. Brendan Coleman co-ordinated the research and Review process. Authors of the report were Brendan Coleman, Lylah Davies and Cecilia Tam from the OECD Environment Directorate. Matthew Wittenstein, UNESCAP, and Aisma Vitina, the Danish Energy Agency, participated in the review mission and contributed their expertise for the formulation of the assessments and recommendations. Akos Losz, IEA, provided analytical inputs related to international gas markets and implementation of liquefied natural gas to power projects. The Review benefited from in-country support, particularly with facilitating coordination with the Government of Viet Nam, from Nhien Ngo and Hoang Anh Tran from Viet Nam Initiative for Energy Transition. Dominique Haleva provided administrative support and copy-editing. OECD Environment Director Rodolfo Lacy launched the virtual Review mission.
The report benefitted from the review and feedback of Aayush Tandon and Jens Sedemund of the OECD Secretariat. Various experts also provided review comments including Pablo Hevia-Koch, Paolo Frankl, Gergely Molnar, Jean-Baptiste Dubreuil, Hiroyasu Sakaguchi and Mike Waldron of the IEA; Loui Algren and Stephan Enevoldsen of the Danish Energy agency; Marshall Brown of the Global Green Growth Institute; Rahul Kitchlu of the World Bank; Stefan Bjarne of ETH Zurich; Thanh Long Nguyen of the Vietnam Energy Conservation and Energy Efficiency Association; and Gregor Paterson-Jones, consultant for the Asian Development Bank.
The preparation of the Review also benefitted from a broad consultation process with a range of stakeholders. We are grateful to the Viet Nam Energy Partnership Group who supported in facilitating this communication. The OECD is thankful to the numerous experts in OECD member country embassies based in Viet Nam who were consulted throughout the Review process. Lastly, we are also grateful to all the participants in the virtual review mission who also provided invaluable input to the Review.
This report was made possible thanks to generous funding from Denmark.