As part of the “Promoting Energy Efficiency in Supporting and Food Processing Industries in Vietnam” project funded by UNOPS, the Vietnam Chamber of Commerce and Industry (VCCI) and Vietnam Technology Solutions Joint Stock Company (VETS) organized a consultation workshop titled “ESCO Business Model and Implementation Potential in Vietnam” on May 24, 2024, in Hanoi, with support from the Southeast Asia Energy Transition Partnership (ETP).

The workshop gathered over 60 participants from ESCO companies, research institutes, government agencies, financial institutions, and technical consultancies.

Key topics included:

• Introduction to the ESCO business model, global energy consumption trends, Vietnam’s energy market, and opportunities for ESCO development;

• Assessment of the potential for applying the ESCO model in Vietnam’s supporting and food processing industries, based on global best practices;

• Discussion on the necessity of establishing an ESCO Association to foster market development in Vietnam.

Keynote speakers included Mr. Nguyen Dinh Hiep, Chairman of the Vietnam Energy Conservation and Energy Efficiency Association (VECEA), and Mr. Nguyen Trong Hau, energy expert. Participants exchanged views on technical, financial, and regulatory challenges, and shared proposals for enhancing the ESCO ecosystem in Vietnam.

The workshop laid a foundation for collaboration among businesses, experts, and support organizations to promote the adoption of the ESCO model, contributing to Vietnam’s net-zero emission goals by 2050.