Senior Advisor to the World Bank’s private sector funding arm International Finance Corporation, Clive Mason, also told the conference energy consumption needs in Vietnam have been soaring by 17-20% each year because of rapid economic growth and industrial development as well as an increasing population.

Energy consumption in Vietnam is the highest among APEC economies and higher than Thailand and Malaysia by 1.5 -1.7 times.

Mason said the energy saving potential in several sectors in Vietnam was quite high at 50, 35 and 20% respectively in the cement, ceramic and steel industries.