Hyvity in Vietnam for the French transition tour in Ho Chi Minh City
Speech by Simon COLLOT, Managing Director of Hyvity at the “French Transition Tour” seminar in Ho Chi Minh City
After signing a promising partnership agreement in April 2022 in the north of the country with a local producer, Hyvity is pleased to have been able to present its vision and ambition of deploying a fleet of hydropower plants in Vietnam alongside a French delegation during the “French transition tour” organized by Business France in Ho Chi Minh City on 11 & 12 July 2022.
With electricity demand increasing by 10% every year since 2011, Vietnam is targeting, through an ambitious plan (PDP8) the increase of its renewable energy capacity to 32% by 2030 and 58% by 2040 and carbon neutrality for 2050.
A development plan that implies the addition of a significant share of intermittent energies in the grid and will require all the benefits that hydropower can offer to their deployments: stability, flexibility and sustainable low production cost. This is essential if we are to maintain Vietnam’s industrial competitiveness, which cannot continue to grow with a rising cost per kW.
On its own scale, Hyvity’s ambition is to support the country’s efforts, with local partners, to contribute to the achievement of these goals.
It was also an opportunity to meet many local actors through an intense program of B to B meetings co-organized with Business France. Thanks to Trang LE THI, Pierre DECOUSSY and the Business France Asean Pacific team for their work, welcome and support.
Special thanks also to EDF, Hogan Lovell, Vietnam Electricity (EVN), sponsors of the event and Artelia Vietnam for their contribution to the success of these days.