The WB delegation also included Mr. Vlado Vucetic, Lead Energy Specialist; Mr. Nguyen Duy Son, Senior Executive Director; Mr. Do Viet Dung, Senior Country Director, and other senior WB Vietnam energy experts.

EVN working with WB delegation on afternoon of November 4th.

According to Ms. Zayra Romo, the World Bank is committed to supporting the Vietnamese government in achieving its COP26 pledges by researching and analyzing methods to build a roadmap for transitioning to clean energy. This includes providing valuable insights to help EVN establish its forthcoming climate action plan. To ensure effective support for these goals, the WB is developing a policy analysis report for Vietnam’s power sector. The purpose of this report is to assess and underscore the urgent challenges facing Vietnam’s electricity industry. Furthermore, it examines the economic and financial impacts of the green transition on the sector, aiming to maintain and enhance Vietnam's global competitiveness while fulfilling its commitment to net-zero emissions by 2050. Based on these assessments, the report will offer targeted, actionable policy recommendations. The WB also expressed a desire to collaborate with the Vietnamese government and other key stakeholders in the power sector to finalize this analysis.

During the meeting, the WB shared preliminary findings on EVN’s financial situation, highlighting capital mobilization challenges related to implementing Power Development Plan VIII. This analysis was conducted by World Bank experts based on publicly available information.

On behalf of EVN, Vice President Nguyen Tai Anh expressed sincere gratitude to the World Bank for its ongoing cooperation and support, valuing the WB's proposals for EVN in particular and the energy sector at large. EVN places high importance on and seeks continued support from the WB, not only for financial resources but also for policy consultation, technical support, and expertise to help EVN achieve its development goals.

Regarding the WB's draft report analysis, Mr. Nguyen Tai Anh also suggested that certain areas should receive greater emphasis and be analyzed in further detail within the report, including the consultation process with government agencies.

Both sides took time to exchange views and discuss various scenarios of energy demand growth, assess the readiness of transmission infrastructure to scale up renewable energy and consider the costs of the green transition for the power sector.

Over the years, the World Bank and EVN have forged a highly productive partnership, achieving numerous important milestones in various fields such as rural electrification, grid infrastructure development, solar power, and support for EVN's credit rating evaluations along with its subsidiaries.

Translator: Hoàng Duy Khánh