Legal and Policy Framework for Renewable Energy and Energy Efficiency Development in Vietnam

Abstract

Vietnam has experienced an economic growth accompanied by increasing energy demand and inadequate supplies. Like most developing countries, the increased inefficient use of energy in Vietnam leads to increased greenhouse gas emissions and high energy costs for consumers. Also, the traditional sources of energy are not sufficient to satisfy the demand of the economic sectors.With the negative impact of climate change on water resources and the depletion of coal, oil and gas reserves, Vietnam must diversify and integrate other forms of renewable energies into its energy mix. The efficient use of renewable energy resources can boost economic development. Thus, the policies for endorsing renewable energies and energy efficiency are playing a vital role in ensuring the sustainable development for Vietnam’s future. This paper examines the legal and policy framework influencing the deployment of renewable energies and energy efficiency in Vietnam. The paper also attempts to identify major barriers to a large scale deployment of renewable energies and energy efficiency technologies and offers some possible solutions.