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Deputy head of the National Agency for Science and Technology Information Le Thi Khanh Van made the statement during a press conference held on October 6 in Hanoi.
Despite the country's huge potential for renewable energy development, domestic and foreign enterprises seem hesitant to invest in the sector because it has higher production costs than traditional energies, she said.
As part of its increasing efforts to boost development of the sector, the agency will join hands with Germany's International Exhibition and Fair Service Company to organise the 2nd International Exhibition for Renewable and Decentralised Energy Solutions in Hanoi next March.
"The three-day expo will be a good chance for Vietnamese universities, organisations and businesses to seek cooperation and update their knowledge on advanced technologies and solutions for renewable energy," Van said.
"The event will also offer Vietnam a valuable opportunity to introduce its renewable energy advantages and potential to domestic and foreign investors," she added.
About 200 booths will feature information about technologies and equipment for solar energy, wind energy, hydro-electric power, bio energy, geothermal energy and the conversion and transmission of renewable energy.
A conference discussing methods to export renewable energy will be held on the sidelines of the event.
Renewable energy will account for 4.5 per cent of the nation's total power supply by 2020 and 6 per cent in 2030, according to a 10-year national power development plan approved by the Prime Minister.