is currently popular in the world. This study also allows the orientation of using geothermal energy sources associated with other benefits besides electricity generation, specifically drying agricultural products, medical baths, spas, tourism activities... as a basis for linking to exploit energy to meet the current energy shortage requirements, while serving socio-economic development, contributing to the sustainable development of the Northern Midlands and Mountains.
Trinh Thi Thanh Thuy (2020), National science and technology research topic, Basic and urgent solutions to develop the market in Ethnic Minority Areas
Ethnic Minorities and Mountainous Areas of Vietnam, Institute for Strategic Studies and Public Policy
Trade: The topic evaluates the results, effectiveness and impact of market development policies (goods, labor, finance and science and technology) in ethnic minority and mountainous areas of our country from 1986 to present, thereby identifying basic and urgent issues in market development in ethnic minority and mountainous areas and proposing solutions.
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system of basic solutions and policies
version to continue to complete

Improve and develop the market for ethnic minority and mountainous areas in a sustainable direction
Ministry of Planning and Investment (2021), Report on viewpoints, objectives and development orientations for the Northern Midlands and Mountains region of Vietnam for the period 2021-2030 with a vision to 2050. The report provides an overview of the results achieved and at the same time points out the shortcomings and limitations in the socio-economic development of the Northern Midlands and Mountains region of Vietnam and proposes viewpoints, objectives and priority development orientations for the Northern Midlands and Mountains region for the period 2021-2030 with a vision to 2050. It clearly states the priority orientation for developing energy infrastructure to ensure stable electricity supply. Synchronously and reasonably develop renewable energy. Encourage investment in biomass power plants in Son La and Yen Bai. Form a wind power center in Lang Son, geothermal in Dien Bien, and reasonably supplement a number of small hydropower plants in Son La, Lai Chau, and Dien Bien. Build a smart transmission grid system.
1.2. Research projects abroad
Research works of some authors in some countries related to the topic of market development and product market are specifically mentioned as follows:
Theoretical research on market, product market development and research
market related research
commodity market or system development
product distribution system
Specific products: Theoretical basis for market development, commodity product market in general or renewable energy product market in particular.
From classical theories of economics, focusing on explaining: The three general problems of economics are: What to produce? How to produce? For whom to produce? In a market economy, these problems are often solved based on
market platform
market and market
The market is the bridge between producers and consumers.
Through the market, goods and services are exchanged. The explanation of the above issues is related to the names associated with famous theories such as David Begg, Philip Cotler, Keynes and some other scientists.
1.2.1. Market research works
John Maynard Keynes (1936), The General Theory of Employment, Interest and Money, is a system of macroeconomic theory based on John Maynard Keynes's work The General Theory of Employment, Interest and Money (often referred to as The General Theory) and the principle of effective demand as its foundation. The principle of effective demand asserts that the quantity supplied of goods is determined by the quantity demanded.
Adam Smith (1776), "The Wealth of Nations"
highlighted some of the most significant developments in classical economics. His insights focused on free trade and the concept of the "invisible hand" which served as an early theory of domestic and international supply and demand. In this theory, the forces of two sides and the competition between the demand and supply sides move the market toward equilibrium of price and output. Smith's studies helped promote domestic trade and led to more rational and efficient pricing in the goods market based on supply and demand.
Igor Ansoff (1957), The author defined product-market strategy as “A combination of a product line and the set of compatible tasks that these products are designed to perform”. Ansoff was also the first author to formally mention the concept of “strategy” in business management and the first strategic analysis model, the Ansoff matrix. The product-market development matrix has become an effective tool for managers in planning revenue growth strategies according to corporate unit action frameworks such as diversification (for example, buying other businesses, investing in new businesses).
new field) or according to the business unit level action framework (strategic
business unit) as a forward and backward integrated growth strategy. The Product Market Growth Matrix, or the Ansoff Matrix for short, is the first strategic planning tool, providing a framework for action to help managers develop action strategies for their businesses. The Ansoff Matrix is one of the first and effective tools to help strategic managers clearly define their business's strategic position; set future directions and goals, and also show the risks associated with each strategy in
decision making process ensures business growth and success.
This tool helps managers analyze whether a business operating in a large market can achieve its growth through a market penetration strategy. For businesses in the process of development, they can use a market development or product development strategy depending on their internal strength. By providing enough potential factors, a business can apply this matrix to its portfolio of production and business products and services to achieve success in many areas, ensuring the strategic goals and long-term vision set forth.
Robert Czajka (2004), Research on
develop 4 markets
field of a product
products. The author analyzed the global medical textile market. One of the notable results of this study is to clarify the trend of international trade of medical textile products. In addition, the author focused on analyzing the characteristics and peculiarities of this market, from the perspective of
market analyst
However, this study does not address
access to those
measures that can be taken to develop the textile market on such a global scale.
Agora Energiewender, CLG Europe (2021), How to overcome barriers to the European market for eco-friendly products, research has shown the barriers to the European market that are still holding back demand for eco-friendly products. With many of the most mature and developed policies and approaches to promoting decarbonization in the world. As the European Union (EU) gets ready to introduce the next major round of policies to support
support
This transition, while working to
Update public strategy
its business and other important policies, important discussions on the
Policies that shape and create market demand can be used to drive change. These policies can leverage the EU’s position as one of the world’s largest markets for innovation and investment in low-carbon solutions globally. They have particular potential to support the transformation of industrial sectors where the costs of updating production methods or developing new approaches are high for primary raw material producers, but much more affordable for end consumers of final products.
World Bank Group (2021), Creating Vietnam Markets, In which the report specifically analyzes the issue of Vietnam's energy development, specifically: Foreign and domestic investment is increasing in the renewable energy sector, but more needs to be done to alleviate investors' concerns. Although policies in this sector have been more open in recent times, investors still face many obstacles such as lack of capital, high investment costs in newer technologies; lack of qualified human resources; underdeveloped supporting industries; weak grid capacity; terms of power purchase agreements not suitable for raising capital from banks; delays in large projects due to complex legal regulations; and lack of clarity on future energy prices. The absence of a clear and transparent policy framework, not suitable for raising capital from banks, is hindering the growth of private investment in the energy sector, including renewable energy. Despite preferential feed-in tariffs and investment incentives for renewable energy, few wind power projects have progressed to the construction and operation stages to date. International renewable energy developers have faced many challenges in bringing projects into operation. In the future, legal and fiscal risks could be mitigated with the issuance of implementation guidelines and standard contract templates to ensure that the uncertainties in
The law will be specifically guided in the direction of encouraging investment. In addition, there are also
lack of uniformity among provinces regarding licensing procedures and different types of licenses. State-owned enterprises in the electricity sector face many challenges in raising capital in the market. Ability to raise capital
state-owned enterprise trade
tax
a lot on ratings
infection
of businesses.
1.2.2. Research projects on renewable energy
Hermann Scheer (1993), The Solar Manifesto, has laid the foundations for
The Energy Imperative provides a practical and inspiring roadmap for the next leg of the journey. According to Hermann Scheer, “bridging technologies” such as carbon capture and storage or nuclear power, even (or especially) when promoted by environmentalists, actually undermine the more urgent agenda of moving to 100% renewable energy. Instead, he provides examples of technologies that are currently economically feasible and details the policy and market conditions that will allow them to thrive.
N. Armaroli, V. Balzani (2008), Zanichelli Publishing House (Powering Planet Earth: Energy Solutions for the Future, by Nicola Armaroli, Vincenzo Balzani, Nick Serpone) “Powering the Earth”, has attracted attention and been highly appreciated by both the public and the scientific community. Since the interest in energy has become urgent, especially after the Fukushima nuclear disaster, the book was reprinted in 2011 with relevant data and an updated discussion of the consequences of energy decisions made in Europe. The book has subsequently led to extensive analysis of the energy issue in Canada, the United States and the United Kingdom. The younger generation must
are aware that they will have to bear the burden of energy legacies.
Our legacy is not optimistic and rose-colored, and so they need to be well informed about the energy problems facing Society given the limited resources available on board the Earth spacecraft and our indiscriminate consumption of energy.
Research by the Japan International Cooperation Agency, the Institute of Energy Economics of Japan & Tokyo Electric Power Company (2008), researching the overall plan for Vietnam's national energy development, has studied the challenges of renewable energy supply and at the same time, the research also proposed solutions for establishing a competitive energy market, setting out the following policies: "The energy market will be established to encourage competition among units operating in the energy sector, creating favorable conditions for businesses to attract domestic and foreign capital sources, and rapid and acceptable development of the energy sector" (1) Supplementing and developing new legal documents for the sector
energy; (2) Promote management reform, separate the state management function from the management function of production enterprises; (3) Prevent state monopoly through pilot equitization and expand equitization of enterprises operating in the energy sector. There will be appropriate mechanisms to attract investors, especially foreign investors to buy shares of
energy projects; (4) Developing models and gradually establishing markets
energy market suitable for Vietnam's socio-economic conditions;
Hermann Scheer (2010), The Energy Imperative: 100% Renewable Now, by Hermann Scheer, has been one of the leading proponents of renewable energy. In this book, he lays out a vision for a planet powered by 100% renewable energy and examines the fundamental ethical and economic imperatives needed for such a shift. More importantly, he demonstrates why the time for that shift is now.
REN21 (2017), Shows a global energy transition is well underway, with rapidly falling renewable energy capacity and costs, especially for solar and wind, and economic growth reducing energy sector emissions for three consecutive years. REN21, a study shows that the global renewable energy transition is well underway, with rapidly falling renewable energy capacity and costs, especially for solar and wind.
Global Energy Review Towards a Sustainable Future,
by Learning
institute
Country
International Systems Analysis
application
(IIASA, 2012), has
Renewable energy sources are abundant, readily available and increasingly cheap to produce. Fundamental changes are needed in the use of fossil fuels to transition towards clean energy systems and low greenhouse gas emissions. IIASA experts believe that there needs to be a comprehensive approach to the sustainable development of energy markets, in which energy policies need to be combined with policies in the industrial, construction, urbanization, transportation sectors... More importantly, there needs to be stable policies, regulations and investment mechanisms to promote the rapid transformation of energy systems towards efficient energy use and diversification of energy supply in general and electricity in particular.
Renenergy Hub (2021), a provider and advisor of technology solutions for the energy and carbon markets, says that to make a solar panel, several components such as silver, copper, nickel, amorphous silicon, cadmium telluride and copper indium gallium selenideone are required. The chemical extraction of these substances results in emissions. In the production of solar panels, polysilicon is used – a semiconductor material refined from quartz – a dense rock product after sandstone is crushed between tectonic plates. This material is fired
in the giant oven
and be treated
chemical treatment until condensation
wall
ingots of nearly pure polysilicon. The polysilicon is then flattened with a diamond saw and cut into squares, creating solar cells, which convert sunlight into electricity.
1.3. Theoretical and practical gaps
The above overview of domestic and foreign research shows that domestic and foreign research projects have affirmed the increasingly important role of renewable energy and renewable energy products. There have been many research projects in the world on renewable energy and the market for products. In Vietnam, research projects have mentioned the potential or issues of the basis
regime
support policy
support
related to exploiting the potential of
renewable energy. However
However, domestic and foreign research works still have gaps that the thesis will focus on, including:
Firstly, the gap in content: The thesis approaches the content of developing market constituents: (1) State management system in regions and provinces; (2) Business community producing, trading, and distributing products; (3) Product market (supply; price and competition)
Second, methodological gaps: Secondary data were collected from reliable data sources, interviews with experts, and questionnaire surveys. From there, it was found that there are still some gaps that need further research in both theory and practice, including:
1) In theory, economic theories have pointed out the failures of the economy.
free market economy and promote the role of the state in providing products
specific products affect the efficiency of the economy in general. Conversely, centralized economies that overemphasize the role of the state in the economy will also destroy the efficiency of the free market. Therefore, most economists
All affirm that there needs to be a combination of the “Invisible Hand” and the “Visible Hand” to bring about the best social welfare. However, the question is how that combination is
perform open
level
by what means, in what forms?... Always
These are questions that scientists need to seek and answer through research on specific commodity markets, in specific economic environments.
2) The renewable energy product market has been recognized by countries around the world.
interest grew after the energy crisis of the 1970s.
Renewable energy products with great benefits have attracted the attention and support of politicians, scientists, businesses and people. The development of the renewable energy product market has achieved great success along with scientific and technological achievements that allow the transformation of endless potential into products exchanged on the market. However, reality also shows that many areas with great potential for renewable energy are areas with great energy shortages for socio-economic development. This issue has been raising questions that need to be answered not only by politicians, economists, scientists but also by people and businesses. One of the questions that needs to be researched to find an early answer now is how to create and develop a renewable energy product market to bring benefits to people and businesses at the lowest cost? How to promote supply, diversify renewable energy products to suit consumption needs and accessibility of people and businesses, especially in economically disadvantaged areas, specifically the Northern Midlands and Mountains of Vietnam, where Supply and Demand in the renewable energy market is still very weak?
3) In practice, the issue of ensuring energy security in our country has become an urgent requirement to ensure sustainable economic development. The Politburo issued Resolution No. 55NQ/TW dated February 11, 2020 on "Vietnam's national energy development strategy orientation to 2030, vision
“Looking to 2045” is one of the examples of that urgent need.
In particular, the Resolution clearly stated: "Continue to consider and form renewable energy centers based on the advantages of technology, geographical location, and potential, while encouraging and creating all favorable conditions for economic sectors, especially the private economy, to participate in energy development".
Reality, renewable energy, renewable energy products and markets





