Vietnam’s Response to a Call for a Renewable Energy Revolution in the Context of Trade Integration - What Could be Learnt from the EU?

Nguyen Thi Kim Cuc (2023) Vietnam’s Response to a Call for a Renewable Energy Revolution in the Context of Trade Integration - What Could be Learnt from the EU? In: Energy Crisis and Security Challenges in the World - Sustainable Responses of the Asian Economies and Societies. Budapesti Gazdasági Egyetem, Budapest, Magyarország, pp. 57-88. ISBN 978-615-6342-67-6

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The use of renewable energy, for many economies around the world, is considered a key pillar in creating the foundation to pave the way to green growth and sustainable economic development, to adapt to climate change. Not only has it been affirmed recently during regional and global meetings, but renewable energy development continues to be one of the main concerns reflected in many free trade agreements, typically European Union–Vietnam Free Trade Agreement (EVFTA) concluded by the EU with Vietnam. Under this agreement, member states, including Vietnam, are required to reduce their traditional coal-fired power plants in favor of cleaner or renewable energy sources. This study aims to examine the implementation of the commitment to use renewable energy as the preferred alternative in EVFTA under the principle of pacta sunt servanda and the government’s responsibility to comply with international treaties. Accordingly, it is necessary to implement suitable solutions to fulfil the mentioned commitment properly as a state member. By using the analysis and synthesis method, this article focuses on studying the provisions of the EVFTA, current Vietnamese law, the EU’s policies, and regulations, as well as the laws of some EU countries on renewable energy development. This study, by using a comparative method, indicates compatibility between the EU’s policies and regulations and the laws of some EU countries. Similarly, it compares and evaluates relevant mechanisms and policies between Vietnamese law and the laws of some EU countries. As a result, some recommendations are proposed to improve the effective implementation in encouraging the growth of renewable energy in Vietnam, towards building a green and environmentally friendly economy.

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Budapesti Gazdasági Egyetem

Item Type: Book Section
CreatorsORCIDMTMT szerző azonosító
Nguyen Thi Kim Cuc0009-0007-6372-2042
Uncontrolled Keywords: renewable energy, EVFTA, EU, Vietnam, green growth
Depositing User: Eszenyi-Bakos Kinga
DOI id:
Date Deposited: 2023. Aug. 08. 10:42
Last Modified: 2023. Aug. 08. 13:05

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