Meeting with Ambassadors of Countries supporting the “Friends of Fossil Fuel Subsidy Reform”

Friday, 25 September 2015
In September 21th 2015, the Deputy Minister of Ministry of Industry and Trade of Viet Nam (MOIT), Mr. Hoang Quoc Vuong, had a meeting with Ambassadors, Deputy Heads of Mission and representatives of Embassy of New Zealand, Finland, Denmark, Norway, Sweden and Switzerland to Viet Nam. These countries created a group known as the “Friends of Fossil Fuel Subsidy Reform” – FFFSR.
The FFFSR, together with the United States and France launched a Communiqué to promote the elimination of inefficient fossil fuel subsidies in the lead-up to the major climate change conference in Paris (COP21) which will be held in December 2015. The Communiqué is a statement that provides an opportunity for countries to express their support for fossil fuel subsidy reform and recognize its potential as a key climate change mitigation policy with clear economic, social and environment co-benefits. 

The meeting is in progress (Photo: MOIT)
At the meeting, the New Zealand Ambassador to Viet Nam Haike Manning who is head of representatives of Embassies of the FFFRS group highlighted the importance and the seriousness of the Communiqué and call for the support of countries to the global climate change mitigation efforts. 
The Head of representatives of Embassies expressed his appreciation on efforts and success taken by Viet Nam government in general, and by Ministry of Industry and Trade of Viet Nam in particularly in these energy reform issues. He admited that the recent participation of Viet Nam to APEC commitments on energy subsidy reform proved the willingness and the leading role of Viet Nam in the effort of  climate change mitigation and toward to a sustainable development.
Deputy Minister Hoang Quoc Vuong welcomed the creation of the FFFSR as well as supported the Communiqué to promote the elimination of in-efficient fossil fuel subsidies based of its principles, especially, when it counted to poor and vulnerable part of the society. According to him, Viet Nam was not a country which is abundent in fossil fuel, in terms of its potentiality and exploitation capacity. Beside the use of all other energy resources such as hydro-power, renewable energy, Viet Nam still has to import coal for thermal power plant to assure the rising power need of the country. He shared the consistent policies of Viet Nam government on setting energy price according to the market price which reflected all production cost and affirmed that the reasonable price setting will contributed to promote efficient energy use and to encourage the healthy and efficient activities of power companies.
Deputy Minister Vuong also proposed developed countries especially countries of the FFFSR group to continue to support Viet Nam in the process of its energy reform and development toward sustainability and climate change mitigation. 
Van Hai (Source: VGP News)

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