Vietnam sets out green ambitions with bold targets for solar, rare earth

Published onJune 6, 2018

Vietnam plans to more than triple the amount of electricity it produces from renewable sources and push for a 26 percent increase in household solar energy usage by 2030, Prime Minister Nguyen Xuan Phuc told Reuters in an interview. Speaking ahead of Vietnam’s participation in the expanded G7 summit that will be held in Canada from June 8 to 9, Phuc also said he hopes the country can utilize its roughly 20 million tonnes of rare earth reserves, which he said are the world’s third-largest, in building new energy technologies…Vietnam has been seeking to promote renewable energy development to reduce its increasing reliance on coal for electricity generation.