USAID launches $14 million project to help Ho Chi Minh City accelerate its green growth
09:16 | 21/09/2022 Print Article
The United States Mission to Vietnam, through the US Agency for International Development (USAID), and Ho Chi Minh City People’s Committee launched a project to accelerate renewable energy and energy efficiency solutions on September 20.
|The United States launches a $14 million project to help Ho Chi Minh City accelerate its green growth |
According to USAID's Vietnam Mission director Aler Grubbs, the US is at the forefront of supporting Vietnam’s transition to a clean, secure, and market-driven energy sector.
|“Through our latest energy project, we are proud to partner with Ho Chi Minh City to power its green growth through more renewable energy and energy efficiency solutions. Together, we will attract green investments that bring a cleaner environment and lower energy costs to residents and further cement Ho Chi Minh City’s role as a driver of Vietnam’s green economy,” said Grubbs. |
The US and Vietnam are approaching 10 years of comprehensive partnership, and this event demonstrates how the two countries work together to address a growing demand for cleaner and more reliable energy options.
The $14 million project, called USAID Vietnam Urban Energy Security, works with the Ho Chi Minh City and Danang to improve urban planning related to clean energy, mobilise investment, and integrate clean energy solutions into the power system.
These include rooftop solar, electric vehicles, and waste-to-energy solutions, along with other energy efficiency measures.
For Ho Chi Minh City, the project plans to deploy at least 400 megawatts of clean energy, mobilise at least $540 million in public and private investments, and take at least 15 innovative urban energy solutions to market.
This project builds on prior years of USAID assistance to Vietnam for its clean energy transition, according to USAID.
For instance, over the past five years, USAID's support for government regulators, banks, investors, and private sector developers has helped spur solar and wind investments in Vietnam totalling more than $300 million.
In addition, USAID supported the Vietnamese government in developing its Power Development Plan VIII, which sets the overarching vision and operating principles for Vietnam’s power sector from 2021 to 2030.
USAID also worked closely with the Ministry of Industry and Trade to develop minimum energy efficiency performance standards to reduce energy consumption in industrial production.
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The US Agency for International Development (USAID) and the Korea International Cooperation Agency (KOICA) signed their first MoU to reduce pollution, mitigate climate change in the Mekong Delta, and accelerate the transition to clean energy in Vietnam.
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Representatives from leading e-commerce platforms, such as Amazon Global Selling and Shopee, shared best practices and key factors for success on e-commerce marketplaces at a recent business matchmaking event held by USAID IPSC.
| ||Hundreds of businesses to receive support from USAID IPSC Project |
Opening for registration since January 18, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC) received more than 600 applications from businesses, cooperatives, and business households.
| ||USAID cooperates with MPI to ready enterprises for the future |
The US Agency for International Development (USAID) in collaboration with the Ministry of Planning and Investment (MPI) organised two training workshops for enterprises to improve competition capacity via technology and design as well as decrease greenhouse gas emissions.
| ||USAID IPSC opens third intake of applications for technical assistance |
Starting from July 1, Vietnamese enterprises can register for the third intake of applications to receive technical assistance support packages offered by the USAID Improving Private Sector Competitiveness Project (USAID IPSC).