The project “Vietnam Low Emission Energy Programme II (V-LEEP II)” is implemented by the US Agency for International Development (USAID) and will last for five years. It is within the framework of some initiatives announced during the visit of the US’s Vice President Kamala Harris to Vietnam at the end of August.
The aim of project V-LEEP II is to promote a clean, secure, and market-driven energy system in Vietnam.
Specifically, the project will improve governmental energy planning and increase the competition to involve the participation of the US’s private sector. Additionally, the project will support Vietnam in scaling up the adoption of electric motorbikes and conduct the Direct Power Purchase Agreement mechanism, which allows businesses to procure electricity directly from renewable energy-producing enterprises. Furthermore, the USAID cooperates with the Vietnam Chamber of Commerce and Industry (VCCI) to accelerate Vietnam’s competitiveness, expand market opportunities for US companies, and enhance Vietnam’s environmental policy. Accordingly, the USAID will assist VCCI to develop a green index to help US businesses select provinces that are investing in green operations.
Sources & further information: “The US announced a $36-million project to help Vietnam develop clean energy” at https://vir.com.vn and “The US announced to support Viet Nam in clean energy development” at http://www9.monre.gov.vn, accessed on 9 September 2021.