At the signing ceremony. (Photo: vneconomy.vn)

Hanoi (VNA) – Deputy Minister of Industry and Trade Dang Hoang An and Danish Ambassador to Vietnam Kim Højlund Christensen on October 28 signed a new agreement to kick-start the Danish Energy Partnership Programme between Denmark and Vietnam 2021-2025 (𒀰DEPP III).

It is the third phase of a long-term energy cooperation programme between the two Governments launched in 2013. The programme will be jointly carried out by the Vietnamese Ministry of Industry and Trade (MoIT) and the Danish Energy Agency with a non-refundable aid of 60.3 million DDK (10 million USD) in the form of Denmark’s technical assistance.

At the signing ceremony, An said the Vietnam-Denmark energy cooperation has brought about positive results and benefited both countries.

The implementation of the programme’s third phase will offer chances for Vietnam to learn from Denmark's experience in strategic energy development policies, thereby playing an important role in the sustainable transition of Vietnam’s energy sector.

For his part, the Danish Ambassador affirmed that Denmark is a long-standing and trustworthy partner of Vietnam in helping the Southeast Asian nation switch to green energy and low-carbon economy.

The DEPP III will inherit the solid foundation of the two Governments’ par🙈tnership and continue to strengthen and develop achievements obtained so far, he added.

With more than 50 years of experience in the field, Denmark is willing to share its best solutions, know-hows and experience with Vietnam and help the country realise its enormous potential in energy transition and improve Vietnam’s commitment to climate change adaptation, the Danish diplomat said.

Within the framework of the programme, Vietnamese and Danish partners will continue to collaborate in energy planning, integration of renewable energy into the power grid and economical and effective use of energy in the industrial sector.

Offshore wind energy development will continue to be a key area of the programme.

It also helps the MoIT’s Energy Efficiency and Sustainable Development Department build a mechanism conducive for the application of economical and effective energy solutions in energy-intensive industries of Vietnam.

The DEPP is part of the Danish commitment to fulfil the Paris Agreement by assisting a number of emerging economies, including Vietnam,🍸 in their low-carbon transitღion./.