$158 mln energy efficiency project launchedThe Ministry of Industry and Trade (MoIT) on March 5 launched a 158 million USD energy project to help key industries and enterprises with energy saving. The Ministry of Industry and Trade (MoIT) on March 5 launched a 158 million USD energy project to help key industries and enterprises with energy saving (Illustrative image)The “Vietnam Energy Efficiency for Industrial Enterprises” project (VEEIE) aims to promote efficient energy use and contribute to the country’s overall goals of energy efficiency and conservation, according to Deputy Minister Hoang Quoc Vuong. “According to the Vietnam National Energy Efficiency Programme (VEEP), the country has a lot of room for more energy-saving action,” the deputy minister said. The Department of Energy Saving & Sustainable Development under the MoIT proposed the Government increase budget spending for energy saving projects in the period 2018-20. Vuong highlighted the efforts of the Vietnamese Government in improving energy efficiency in the country.