Smart energy to grow with smart urban development
As smart energy plays an important role in smart urban areas, Vietnam plans to develop smarter, cleaner, greener and more sustainable energy resources for its cities, said experts at a recent summit in Hanoi. According to experts, the urbanisation process of Vietnam is taking place strongly and the room for energy investment is still very big.
According to the tentative 2021-2030 energy plan proposed by the Ministry of Industry and Trade on September, Vietnam would need 133.3 billion USD over the next decade to build new power plants and expanding the grid. The plan also stated demand for electricity would remain high with annual growth rates of 8.6 percent in 2021-2025 and 7.2 percent in 2026-2030.