Hanoi, September 25, 2024 – The Ministry of Industry and Trade (MOIT) of Vietnam, in collaboration with the Vietnam Energy Conservation and Energy Efficiency Association (VECEA), organized the inauguration event for the 2024 Awards on Energy Efficiency in Industries and Constructions, as well as the Best Energy Efficiency Products.

This event celebrates excellence in energy efficiency across industrial and construction sectors, as well as recognizing the top energy-efficient products.
According to MOIT data, the industrial sector consumes over 50% of Vietnam’s total energy, with the potential to improve efficiency by 20-30%. Vietnam has 3,068 designated energy units (DEUs) that each use at least 1,000 TOE (tons of oil equivalent) or 6 million kWh annually. If these DEUs achieve a minimum energy savings of 2% per year, in line with Directive 20/CT-TTg on promoting electricity savings from 2023-2025, the nation could save 1.6 billion kWh – equivalent to over 3,200 billion VND.
The 2024 Energy Efficiency Awards aim to recognize and honor exemplary projects in construction and industry that have successfully implemented energy-saving measures. By promoting advanced management practices and state-of-the-art technologies, the awards encourage businesses to create energy-efficient products, contributing to Vietnam’s broader efforts to combat climate change and meet its goal of carbon neutrality by 2050, as pledged at COP26.
Applications for the awards can be submitted either online or in person until November 15, 2024, with the award ceremony scheduled for December 2024.

Following the launch, the MOIT hosted a dialogue on “Energy Efficiency Solutions in Industry.” This event provided a platform for experts and businesses to share experiences, aiming to boost energy efficiency in Vietnam’s industrial sector. Participants received insights from the MOIT on available technical and financial support, along with case studies from leading firms such as Daikin, Toshiba, and Schneider Electric on energy efficiency technologies in cooling systems, engines, and energy management systems.
Source: VNEEP