Vietnam and Finland have pledged to assist the promotion of renewable energy in the Mekong area through the energy and environment partnership. The Vietnamese Ministry of Industry and Trade finalized a memorandum of understanding with the Ministry for Foreign Affairs of Finland on August 17 for the program.The Mekong area is a large area made up of Cambodia, Laos, Myanmar, Thailand, and Vietnam. It would provide a great opportunity for renewable energy based on the both the availability of resources as well as new renewable energy requirements for the area threatened by environmental impacts.
The partnership program will offer grants and other funding incentives for projects, studies and capacity developments that promote the use of renewable energy, energy efficiency and clean technologies in the region. It will also spearhead the creation of sustainable financing mechanisms for renewable energy services.
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