Ninh Thuan: Ready to have bet88 first NetZero industrial park in Vietnam

Along with bet88 policies of bet88 central and local governments, many corporations and foreign direct investment (FDI) enterprises have been and are accompanying Ninh Thuan to establish bet88 first Net-Zero industrial park in Vietnam.

Technology as a breakthrough mechanism

Within bet88 framework of bet88 conference announcing bet88 planning of Ninh Thuan province for bet88 period 2021-2030, with a vision to 2050, Ninh Thuan has identified five industry clusters for breakthroughs, including: energy and renewable energy; high-quality tourism; processing and manufacturing industry; high-tech agriculture; construction and real estate business. Additionally, two new growth drivers are bet88 marine economy and urban economy.

Alongside, Ninh Thuan has identified bet88 southern key economic region as a new growth pole, an important driver to utilize bet88 province's potentials and advantages in seaports, inland ports, and logistics service centers, industrial parks, urban areas, and tourism, aiming to meet bet88 conditions for establishing a coastal economic zone of bet88 country by 2025.

Mr. Pham Van Hau, Standing Deputy Secretary of bet88 Ninh Thuan Provincial Party Committee, stated that according to bet88 plan up to year 2030, onshore wind power in Ninh Thuan has bet88 potential to develop more than 1,429 MW, coastal wind power about 4,380 MW, offshore wind power about 21,000 MW; solar power has bet88 potential to develop about 8,448 MW; and LNG power has bet88 potential to develop 6,000 MW, by 2030 developing 1,500 MW. At bet88 same time, bet88 resolution of bet88 14th Provincial Party Congress of Ninh Thuan, term 2020-2025, set a goal that by 2025, Ninh Thuan will be one of bet88 country's centers for renewable energy and clean energy.

Based on these policies, bet88 Ninh Thuan Provincial Party Committee has issued resolutions showing determination in leading and directing to effectively exploit and promote bet88 province's potentials and strengths in bet88 field of renewable energy. According to bet88 Institute of Strategy and Policy for Industry and Trade, Ministry of Industry and Trade, Ninh Thuan has great potential for renewable energy with a maximum development capacity of about 13,000 MW of wind power and more than 8,000 MW of solar power. bet88 province has 14 potential wind zones with fairly constant wind throughout bet88 year, bet88 average wind speed at a height of 6.5 m reaches 9.6 m/s. For solar energy, bet88 average annual sunshine hours range from 2,600 - 2,800 hours. bet88 total average solar radiation is 5,221 kWh/m2/year, higher than bet88 national average.

bet88 national power development plan for bet88 period 2021-2030, with a vision to 2050 (Power Plan VIII) and bet88 hydrogen energy development strategy of Vietnam until 2030, with a vision to 2050, has determined to develop hydrogen production focusing on technologies that ensure zero emissions or low carbon emissions. Hydrogen produced from these technologies is considered clean hydrogen and is identified as a breakthrough technology to achieve carbon neutrality goals by 2050.

Potential for Developing “Net-Zero” Industrial Clusters

Mr. Dang Ha Anh, Head of Oil and Gas Transportation and Processing Group, Department of Oil and Gas and Coal (Ministry of Industry and Trade), said that bet88 Prime Minister has approved bet88 hydrogen energy development strategy of Vietnam until 2030, with a vision to 2050. bet88 decision aims to develop bet88 hydrogen energy ecosystem, including bet88 production, storage, transportation, and use of hydrogen with synchronized and modern infrastructure based on renewable energy, contributing to ensuring energy security, achieving national climate change goals, green growth, and bet88 goal of net zero emissions by 2050 according to bet88 roadmap and commitments of Vietnam in sustainable and fair energy transition.

Mr. Eric Hu, Director of Net-Zero Industrial Park Solutions at Envision Energy Group, said Envision currently has bet88 world's first Net-Zero industrial park in Ordos (Inner Mongolia, China) combining renewable energy, clean mobility, and digital solutions to support green industrialization in bet88 region. He sees that with outstanding advantages in natural resources and favorable geographical location, Ninh Thuan is a locality with bet88 potential to develop NetZero industrial clusters.

To realize this goal, Envision hopes that in bet88 future, bet88 local government will have solutions to speed up bet88 progress of onshore and offshore wind power projects and have preferential tax policies for exporting Net-Zero products, especially green hydrogen and ammonia. This will provide foreign companies bet88 opportunity to invest in developing bet88 green industry in bet88 locality.

A representative of IHI Corporation from Japan also said that they are actively participating in activities related to bet88 production, technology, and storage equipment of hydrogen and ammonia. Mr. Yoshii Konosuke, Chief Representative of IHI Corporation in Vietnam, proposed that bet88 Vietnamese Government should implement several measures to minimize risks and enhance bet88 economic efficiency of green hydrogen and ammonia production projects. To attract investors in this field, Mr. Yoshii also suggested reducing barriers for investors such as completing legal documents and detailed technical standards, establishing clear and consistent licensing mechanisms. This is essential to set up related value chains to promote bet88 demand for green fuel in economic activities such as electricity production, industry, and transportation.

Envision Group committed to helping Ninh Thuan plan a "Net-Zero Industrial Ecosystem" to deploy bet88 first Net-Zero industrial park and to become a green energy center in Vietnam.