In his opening speech, Dr. Pham Anh Tuan, Deputy Director of the Vietnam Economic Institute, said that on October 1, 2021, the Prime Minister issued Decision No. 1658/QD-TTg approving the National Green Growth Strategy for the 2021-2030 period, with a vision to 2050 (Green Growth Strategy). The Green Growth Strategy focuses on exploiting and using energy economically and efficiently, increasing the use of renewable energy and green energy. At the same time, Vietnam has committed to achieving net zero emissions at the 26th United Nations Climate Change Conference (COP26) and Vietnam's Nationally Determined Contribution (NDC). In addition, Vietnam has also joined the Just Energy Transition Partnership (JETP).

To concretize the above Strategies and commitments, on May 15, 2023, the Prime Minister issued Decision No. 500/QD-TTg approving the National Power Development Plan for the 2021-2030 period, with a vision to 2050 (Power Plan VIII). Power Plan VIII prioritizes the strong development of renewable energy sources for electricity production, which will reach a rate of about 30.9-39.2% by 2030, with a vision to 2050, with the renewable energy rate reaching 67.5-71.5 %.

Therefore, according to Dr. Pham Anh Tuan, the Workshop is an important scientific activity, aiming to find scientific and practical arguments for proposing key, breakthrough solutions for the process of converting fossil energy to green energy, renewable energy and creating a complete, synchronous ecosystem for the above transition process. At the same time, the Workshop also mentioned the potential, trends of some green fields and industries, creating motivation to promote green transformation in Vietnam (Hydrogen, electric vehicles, carbon credit market, green finance...).

The workshop also identified shortcomings, limitations, bottlenecks, and bottlenecks in mechanisms, policies, and management organizations that need to be removed and correctly identified the root causes of the problems that are hindering the current green energy and green economy transition process.

At the workshop, experts, scientists, managers, and leaders of the Association focused on key issues such as: World and Vietnamese trends in developing a number of key green industries and sectors associated with the energy transition; Assessment of the readiness of Vietnamese oil and gas enterprises to participate in the carbon credit market from the experience of oil and gas corporations in the world; Policies and technologies for the green energy transition in Vietnam; The process of implementing a series of LNG and Offshore Wind Power Projects according to the National Energy Plan and Power Plan VIII of the Vietnam Oil and Gas Group; Detecting barriers and bottlenecks in the current green energy transition (Power Plan VIII).

At the same time, delegates also shared opinions and views on related issues to realize the aspiration of greening Vietnam's energy sector.

Proposing the prospect of developing green economic sectors in Vietnam, Dr. Ha Huy Ngoc, Vietnam Economic Institute said, first of all, build a national strategy and clear roadmap for important and complex green sectors and fields, namely clean hydrogen and green transportation and logistics, with an inter-ministerial agency playing a leading role in implementing these sector strategies.

In addition, green growth strategy acceleration projects need to be implemented at the provincial and municipal levels. Relevant ministries, sectors and agencies need to coordinate to implement and complete a comprehensive national green classification system in line with international standards.

The taxonomy should include a detailed list of topics, sectors and projects that are aligned with the green growth agenda. In addition, the taxonomy should include sector-specific technical standards such as greenhouse gas emissions and energy efficiency standards, along with verification and certification processes and guidance for stakeholders.

“Policy mechanisms that prioritize and support green projects will be necessary for Vietnam to accelerate investment attraction for green projects, especially in projects that require high initial investment due to the scale and complexity of new technologies,” Dr. Ha Huy Ngoc emphasized.