The workshop drew the participation of 300 representatives including GE business leaders and Vietnamese experts in the energy industry to share new ideas, case studies and applicable solutions to address the challenges and provide opportunities for Vietnam’s energy industry.

GE Group revealed its energy ecosystem portfolio resonating an interconnected system of digital and industrial technologies with Vietnam’s energy agenda to deliver more affordable, reliable, and sustainable production, distribution, and consumption of energy.

At the workshop 

GE representatives discussed and shared opportunities for gas, steam, and renewable energy, as well as how power services partnerships, new grid technologies, and digital industrial solutions can advance Vietnam’s energy modernization plans. Insights and opinions were also provided by local experts and representatives from relevant agencies and organizations in this field.

The participants also focused on energy solutions to help Vietnam produce more sustainable power to meet Vietnam's rising demand which is predicted to grow at an average rate of 10.5 percent annually during the 2016–2020 period, and 8 percent annually during the 2021–2030 period. Electricity consumption is expected to reach 234.6 TWh by 2020 and 506.0 TWh by 2030 - a fourfold increase by 2030 compared with consumption in 2014.

At the workshop, Phuong Hoang Kim, Deputy Director of the General Directorate of Energy under the Ministry of Industry and Trade, said, “The goals set out in the country’s revised Power Master Plan VII are designed to boost energy security, diversify energy sources, attract new investments, and ensure environmental benchmarks.”

Decentralization was another important topic in which speakers discussed the shift from power generation towards generation closer to the point of consumption. There was also strong interest in the latest lower or non-emitting CO2 energy producing technologies to help developing markets like Vietnam upgrade its ageing infrastructure to save costs and meet emissions standards.

Translated by Thuy Duong