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Vietnam looks to more efficient energy use

Published: 16/10/2008 05:00

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VietNamNet Bridge – The use of energy in a more efficient and effective manner has emerged as an urgent matter for Vietnam as its non-renewable energy sources, including oil and gas, become increasingly exhausted, said a local official.

Ample energy sources are considered a vital foundation for ensuring socio-economic development; any long-term energy shortages can affect the stable and sustainable growth of the national economy.

The Deputy Minister of Industry and Trade, Le Duong Quang delivered this message at a seminar held in Hanoi on Oct. 16 to compile recommendations to a law being drafted regarding the saving and effective use of energy.

Quang said that ample energy sources are considered a vital foundation for ensuring socio-economic development; any long-term energy shortages can affect the stable and sustainable growth of the national economy.

Reports presented at the seminar reveal that it is possible for Vietnam to use considerably less energy, as its major industrial sectors currently consume more energy than those in other developing countries.

Calculations show that Vietnam could reduce the total energy used in industrial production by up to 20-25 percent, and an additional 30-35 percent in other areas.

Vietnam’s energy demand for commercial purposes is forecast to increase by 8.6-9 percent per annum between 2001 and 2025.

At the workshop, experts from China, Thailand and India shared their experiences relating to the drafting and enforcement of energy-saving laws in their countries.

The draft law will be submitted to the government for consideration by the end of this year and for the National Assembly’s approval in 2009.

The compilers of the bill have proposed that the government permit the establishment of funds at both the national and local levels to encourage and support energy-saving measures.

(Source: VNA)

Update from: http://english.vietnamnet.vn//tech/2008/10/808913/

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