The event saw the participation of head of the Party Central Committee's Economic Commission Nguyen Van Binh, Chairman of the Central Theoretical Council and Director of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang, Deputy Prime Minister Trinh Dinh Dung; National Assembly Vice Chairman Uong Chu Luu, and leaders of other ministries and agencies.

Reportedly, the Ministry of Industry and Trade submitted a national action plan on the implementation of the Politburo's Resolution No.55. Currently, the ministry is completing National Power Development Plan VIII and the National Energy Development Master Plan, and will submit them to Prime Minister Nguyen Xuan Phuc in October and by the end of 2020, respectively. The ministry also continues to review and adjust power projects in National Power Development Plan VII.

Head of the Party Central Committee's Economic Commission Nguyen Van Binh speaks at the event.

Sharing his view, Deputy Prime Minister Trinh Dinh Dung highlighted that the Vietnamese energy industry has recorded significant achievements, meeting energy demands, especially electricity for national socio-economic development and defense-security. The Vietnamese energy sector has grown into a large-scale industry with dynamic growth and further integration into the world.

Addressing the event, Mr. Binh underscored the core and pioneering role of the energy sector in national socio-economic development in the period of national industrialization and modernization.

He also added that the energy sector in general and the electricity industry in particular has undergone rapid development in recent years, and completed all set targets.

However, the sector is still facing a number of shortcomings and weaknesses. The national energy security goal is facing many challenges, with domestic supply unable to meet demands. Many power projects have been behind schedule.

At present, the government is conducting development strategies, tasked by the Politburo outlined in Resolution No.55-NQ/TW, for the energy sector and the electricity adhered to the resolution.

Furthermore, within the framework of the summit, several energy projects were signed, including gas power plants in the provinces of Ninh Thuan and Thua Thien - Hue, and offshore wind power farm in Binh Thuan province, etc.

Translated by Quynh Oanh