The Vietnam National Target Program on EE&C in the period 2012 to 2015 (VNEEP 2) was approved by the Government under the Decision No.1427/QD-TTg dated 2 October 2012. Vietnam’s energy efficiency and conservation target is to:
- reduce total final energy consumption (TFEC) by 8% as compared to BAU and to reduce Energy Intensity of Energy Intensive Industries by 10% by the year 2020.
- reduce GHG emissions by 8% by 2030 compared to BAU; and up to 25% with international support.
- reduce GHG intensity per GDP unit by 20% by 2030 from 2010 levels.
- increase commercial electricity savings to more than 10% of total power consumption by 2020 relative to BAU.
Vietnam is one of the most energy intensive countries in ASEAN in which Industrial growth has been one of the key drivers of Vietnam’s increasing energy intensity, accounting for 48% or almost half of the final energy use. Subsequently, Vietnam Government has its best efforts on energy efficiency such as Vietnam Energy Efficiency for Industrial Enterprises Project, issued a series of decrees such as Decision No. 79/QĐ/2006/QD-TTg (dated April 14, 2006) and Decision No. 1427/QD-TTg (dated October 02, 2012) in order to promote energy efficiency and conservation.