 First, I would like to express thanks for the wider group who invite me to attend this very interesting conference and particularly give me the opportunity to share with you the Vietnam status on clean energy transition in our country. Actually, this is my third time to be here in wider and I am very glad that today I can see several friends face who work with me for a while in Vietnam, either in Vietnam or in Denmark or in Finland. So thank you for inviting me. Today I am asked to talk about the clean energy transition in Vietnam. I will not share any academic thought about the topic, rather I can give you some information and some analysis on the current status and the renewable energy perspectives. My presentation consists of three parts. The first one, we talk about the context of the country toward the clean renewable energy transition. And then I can share some thoughts about the drivers why we should change from the non-renewable energy to renewable energy in development in Vietnam. And the last but not least, we can talk about the future of clean energy in Vietnam. Also the talk will ensure that Vietnam will move toward the trend as just Douglas mentioned about to move from the non-renewable energy to more clean or renewable energy path. But we as the country like Vietnam we should overcome several challenges. Now in this slide I would like to share about the trend in the graph. You can see several columns with the color of blue and red. Blue show you the growth of electricity consumption per capita over the last 15 years. And the red column represent the growth of GDP of Vietnam in PPP per capita also over the last 15 years. You can see that the high economic growth in Vietnam over the last period has associated very closely with the high growth of energy consumption. As I calculated the elasticity between the electricity growth consumption growth and GDP growth which measures by the ratio of electricity consumption per capita growth and growth of GDP per capita during this period record at the 1.62 on average. However if someone look at the different time period you can see that the trend of this correlation tend to decrease. Meaning between the period of 2001 and 2005 this correlation record at 1.76 times. Next period from 2006 and 2010 it was only 1.69 and recently 2011 and 2015 it become only 1.35 times. This means that why we have that kind of decline trend. We can see that this can explain by the Vietnam economic structure and change over the last years. We move from the more polluted industry to less polluting sorry not pollute but energy intensive industry to less energy intensive industry particularly with the service sector. The second reason is because over the last years the policy to improve the energy efficiency has been applied and which lead to the gradual improvement of the energy efficiency. That's why it makes this correlation decrease. This slide you can see about the energy current energy structure in 2015 it shows that our energy development has been largely depend on the forcing fuel and hydro power. Why I come by forcing fuel and hydro power together which into the 2015 its share record at 70.5% it's because with the forcing fuel you agree or you may agree with me that it lead to the CO2 emission right. But with hydro power there are a lot of discussion about whether this kind of power is clean or not clean. With the case of Vietnam hydro power development lead to serious environmental impact in the area where the hydro power plant was built. Particularly it also make the negative impact on the livelihood of the people who live around who had to live from the area where the hydro power plant was built. So as I mentioned that those two kind of the power energy account for 70.5%. Meanwhile non-hydro renewable energy represent very limited share which is only 0.4% in 2015. If we come by again hydro power as renewable energy not clean but renewable energy together with other non-hydro power renewable energy. So actually the share of renewable energy in Vietnam is quite high right. So it become about 38% which is even compared to other developed country the renewable energy shares can be competitive. However as I mentioned it's not the case with the clean energy. So here I would like to show with you about the master plan in Vietnam we call the power development plan number 7 which was revised in 2016. Which plan to increase the share of renewable energy sharply that that one is a non-hydro power renewable energy sharply from 0.4% in 2015 to 7% by 2020 and 14% in 2030. Though this is quite impressive right but still I would like to emphasize in this diagram these two diagrams you can see the share of coal power coal 5 power is expected to be still very high even higher than in 2015 which account for 42.7% in 2020. And up and also 42.6% in 2030. Why is that? In fact in Vietnam we have the kind of master plan which define several kind of project regarding the power generation project investment project. But several projects already ongoing so that's why from now on at least until 2050 sorry 2025 those plans will cannot be stopped. So that's why the share of the coal 5 power was still high as you can see in this diagram. And this I would like to show about the target which the government set for the renewable energy development. One is from the strategy for renewable energy development paper which was issued in 2015 and another one with revised energy development plan number 7 which was issued in 2016. And in this in those two graphs you can see that with the renewable energy as the left hand side this one we can see that in 2050 the share of the renewable energy is always about half and half. That one I again I would like to emphasize that about the including the hydropower. The right hand side you can see the impressive increase in terms of the in stone capacity of the wind solar and hydropower capacity which was projected and planned. From now until 2030. So now in Vietnam regarding the renewable energy transition we still face a dilemma. On one hand Vietnam revised power development plan number 7. On the other hand still plan 42 gigawatts of new coal 5 capacity equivalent to 22 coal 5 plants to be built. If all these coal 5 power plants were built Vietnam would have the we could become the fourth largest number of coal 5 power plants in the world. So that's very very terrible right and energy development based on the fossil fuel as you can see would lead the economy to environmental pollution risk and increase of the CO2 emission. On the other hand as you can see in the graph in the right hand side the Vietnam has high potential for developing different types of renewable non hydropower renewable energy. Which currently has not been exploited yet. Actually as Dr. just mentioned about if you go back from now 10 years ago it would hardly heard about the kind of renewable energy like wind solar waste and so on. But now in Vietnam this topic will become more and more popular talk about by the policy makers as well as by the society. So now I would like to share about the drivers of clean or renewable energy transition in Vietnam. Now what are the drivers for Vietnam to transmit from the non renewable energy to renewable energy or clean energy. This is we have the two kind of the driver one is the global context. I'm not going to talk in detail because you can only know about the trend of the reduction of global financing for the coal 5 project. The cost of investing in renewable energy dropped by 10% last two years. And technology advancement as Dr. just shared with you that the technology advancement we have several solutions which can provide the solution for renewable energy development. In national context we in Vietnam we have the policy to promote the non hydropower renewable energy which include the strategy for renewable energy development. We have also several incentives introduced to renewable energy investment projects. And currently we have the increased public awareness of the environment issue from the coal 5 power plant and which create the pressure for renewable energy transition. So there are a lot of campaign and even the discussion by the society about not to continue increase the coal 5 plant in Vietnam. More difficult to borrow ODA and international development partner for coal 5 power investment is another driver. And we can see the energy market reform which is now ongoing is also push the government and the company to move through the more clean energy development. And one another last but not least the driver was the greater interest of renewable energy investor and international development community which recently expressed strongly in Vietnam. Here I show you some evidence of these drivers. For example renewable energy strategy to 2030 in Vietnam they give the vision to 2050 trend also includes the policy to increase install and production capacity of renewable energy as I mentioned before. And we have increased share in energy sector of renewable energy and we also provide some policy to promote the technology advancement for renewable energy development. And we also have in place the policy mechanism to promote non-hydro renewable energy investment including the wind, solar, biofuel, biomass and so on in terms of the financial preference. And another example about the increased public awareness of environmental risk from coal 5 power plant as I mentioned before including the development partner support to increase awareness of renewable energy development. And the company by the social community expert. I would like to emphasize about the several activities organized by the NGOs like the Green IT in Vietnam. They very actively participated in the process of delivering the message and push the government authorities about the changing of the program. And the strategy on renewable energy development. And also the voice of development partner on Vietnam coal 5 power development plan become more and more strong. And then here I show some of the message given by the one bank the Vietnam Business Forum or WWF and Danish Development Agency about Vietnam should transform to the more renewable energy. So the future of renewable energy Vietnam now is the time for us to move the renewable energy transition since we have several conditions opportunity I mentioned before about the government law pressure by the society and the cost of renewable energy investment versus coal 5 power become more competitive. However we can see several challenges for our country in this process at least for the short term. With the technical challenges it includes project development capacity or data information availability accessibility dependence on the foreign technology and infrastructure readiness. All these would make the transition more difficult in terms of we have to rely on the foreign investor we have to rely on the foreign technology and we cannot be more flexible in decide about the project development. With the non-technical capacity challenge we can see the challenges relate to the low electricity price large investment required even the price of the cost of renewable energy development investment become less expensive. But still it require large investment and need national planning for renewable energy the one I addressed before in place it should be enforced because all those program was recently adopt and more effective policy mechanism. So now here I at least some the step of Vietnam should move forward but I can see this one similar to other country in the region actually so I'm not I just want to emphasize about one of the of the thing we should think of what to do is the more strong commitment and policy will from the energy policy makers only this because I can give you the example because in Vietnam we have the tool to debate about the weather we still continue to develop the non-renewable energy. Meaning about the coal-fired electricity plan or we move to the renewable energy with the non-hydro power in renewable energy because they argue that Vietnam compared to other country the level of the CO2 emission still low in terms of the per capita level. So we don't need to sacrifice our development with that high cost investment so the kind of the debate is still ongoing among the policy makers so that's all about my presentation I would like to share with you and thank you for your attention.