The Vietnam Energy Association (VEA) and South Korea’s association of energy storage industry development (KEIDA) on Tuesday jointly organised an international conference on new technologies in power and renewable energy.

The implementation of the national strategy for developing renewable energy till 2030, with a vision to 2050, makes new technologies in this field important for Viet Nam, said Hoang Quoc Vuong, deputy minister of industry and trade, speaking at the conference, which was held in Ha Noi.

Tran Viet Ngai, chairman of VEA, said that as Korea was the third major economy in the Asia Pacific region with a developed energy industry, the conference would offer business opportunities to both countries in terms of seeking partners and co-operation in technology transfer.

Korea’s Wongwang Electric Power has already granted US$5 million for the implementation of some solar energy projects in Viet Nam, Ngai noted.

Chang Ho Choi, president of KEIDA, said that energy storage system (ESS) technologies and renewable energy had been thriving for years in South Korea thanks to government support. He expressed hope that Korean technology will be applied in Viet Nam and contribute to the development of the new energy industry.

At the event, enterprises from Korea shared their experiences on ESS technology, various business models and case studies in their own country as well as foreign nations. — VNS