Project Mapping Details

Vietnam Sustainable Energy Transition Programme (SETP) The Sector Reform Performance Contract/Budget Support Project Dates: January 2022 - December 2027

PROJECT OBJECTIVE

The overall objective is to contribute to a sustainable energy transition in Viet Nam.
The specific objectives are:
1. Improved energy efficiency (VNEEP3);
2. Larger share of renewable energy in the energy mix (REDS);
3. Improved performance of the Viet Nam Energy Information System (VEIS).

PROJECT DESCRIPTION

The programme will directly inrease the state's budget funding, the size and share of discretionry budget allocations and the aid predictability for the sustainable development of Vietnam's energy sector. The action will provide technical assistance, policy dialogue and coordination among energy sector stakeholders, alignmnet on priority energy sector policies, and reduction of the transaction costs.
The SETP consists of a budget support component of EUR 121 million, and four complementary support projects of EUR 21 million which are (i) the EU - Viet Nam Sustainable Energy Transition Facility (EVSET Facility); (ii) Accelerating energy efficiency in larger industries through energy management systems, system optimization and the promotion and adoption of energy efficiency in small and medium-sized enterprises (IEEP); (iii) Accelerating Innovative Start-ups for Energy Efficiency project (AIS4EE); and (iv) Public Awareness Raising in Renewable Energy and Energy Efficiency in Viet Nam (see below)