The European Union (EU) and the Government of Viet Nam are working together on a sustainable energy transition in Viet Nam. For this purpose, the EU and the Government of Viet Nam adopted the EU – Viet Nam Sustainable Energy Transition Programme (SETP) on 31 December 2021. This joint programme re-affirms the EU’s close cooperation and long-term commitment to Viet Nam’s goal of clean energy transition to meet the country’s target of net zero emissions by 2050.

The SETP, with an EU grant of EUR 142 million, will be implemented from 2022 to 2027. It follows the success of the EU - Viet Nam Energy Sector Policy Support Program, a EUR 108 million grant by the EU for Viet Nam implemented from 2018 to 2021.

The SETP will contribute to supporting Viet Nam to accelerate its sustainable energy transition with three ultimate goals: improved energy efficiency, a larger share of renewable energy in the energy mix, and enhanced performance of the Viet Nam Energy Information System (VEIS).

As one of the four complementary measures, the EU – Viet Nam Sustainable Energy Transition Facility (EVSET Facility) will provide complementary support to the SETP and the EU support to the energy sector in Viet Nam. The Facility is implemented by a Stantec-led Consortium including CEERD, DEM and SNV.