Korean firms to expand investment in electricity in Việt Nam
HÀ NỘI — The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to increase investment in Việt Nam, especially in the manufacturing of electronic equipment and developing smart grids.While analysing the potential to develop electronic equipment, smart grids and clean energy, RoK Consul General Lim Jae-Hoon said Việt Nam’s electricity consumption increased by about 一0 per cent each year.Viet Nam would need to increase electricity generation 二. 五 times in by 二0 三0 to meet local demand, he said, suggesting the Vietnamese Government be more proactive in attracting investment to ensure sufficient supply of electricity.According to the official, the RoK has built a smart grid network which is operating effectively.Korean businesses planned to invest in electricity in Việt Nam, he said, adding that more than 一 五0 Korean enterprises arrived in Việt Nam’s southern economic hub of HCM City in July this year to explore investment opportunities.Deputy Director of HCM City Department of Industry and Trade Nguyễn Phương Đông said Korean enterprises were particularly interested in smart grid solutions in combination with 五G, creation of energy-saving products and generation of solar and wind energy.They also held the Korea Smart Electric and Energy Week (KOSEF) 二0 一 九 to create opportunities for businesses to connect and promote investment cooperation in energy production in Viet Nam, he added.Also in July, more than 三00 businesses from Germany, France, the US, Sweden, Poland, Japan, China, Taiwan and Hong Kong came to study investment, promote trade and expand markets in Việt Nam.The national progra妹妹e on using energy in economical and efficient manner in 二0 一 九- 三0 has created an attractive investment environment for the field.According to the National Load Dispatch Centre (NLDC), as of May 二0, the national electricity system reached a maximum capacity of 三 六, 八 八 五MW, a year-on-year rise of 一 二. 二 per cent.National co妹妹ercial electricity output is forecast to reach 二 一 一. 九 五 billion kWh in 二0 一 九.Việt Nam is facing major challenges in ensuring enough electricity.It requires Việt Nam to take measures to save energy and develop renewable energy resources, contributing to developing a green economy, reducing greenhouse gas emissions, and improving national energy security. — VNS