Wednesday, 22/01/2025 | 17:32 GMT+7
The VSUEE project is a testament to Vietnam's strong commitment to optimizing energy use and reducing greenhouse gas emissions. Ms. Nguyen Thi Lam Giang also emphasized that, through financial mechanisms such as the Risk Sharing Facility (RSF) and close collaboration between enterprises and financial institutions, Vietnam can achieve its energy efficiency goals while promoting sustainable development in the industrial sector.
At the workshop, the Project Management Office provided a detailed introduction to the VSUEE Project's activities and objectives, including technical and financial support for industrial enterprises and financial institutions to promote energy efficiency projects. Program Implementing Entity (PIE) representative from Saigon-Hanoi Commercial Joint Stock Bank (SHB) introduced the Risk Sharing Facility (RSF), the guarantee process, and how enterprises can participate in the fund to receive financial support for energy efficiency projects. He also highlighted the benefits that Participating Financial Institutions (PFIs) can gain from joining the Project.
The RSF was established to mitigate the credit risks encountered by financial institutions when financing energy efficiency projects through the issuance of RSF credit guarantees. Specifically, by joining the project, PFIs can secure RSF guarantees covering up to 50% of loans issued for energy efficiency investments. Additionally, banks involved in the project can receive specialized training on energy efficiency project appraisal, access to green technology trends, and enhanced capacity to implement international projects.
Mr. Do Tuan Linh, a representative of SHB Bank, presented the Risk Sharing Facility (RSF).
In addition, Mr. Duong Chi Cong, an energy expert from Vietnam Technology Solutions JSC (VETS), shared insights on technological innovations and advanced energy efficiency solutions in the industrial sector. His presentation focused on energy-saving and efficiency strategies, including general approaches to energy efficiency in industry; and specific solutions for sectors such as cement, textiles, plastics, paper, steel, beverages, and seafood processing. These solutions not only help reduce production costs but also promote sustainable development when the industrial sector faces environmental and energy challenges.