USAID Director in Vietnam Michael Greene and Nguyen Van Quyet, Director of Coca-Cola Vietnam Supply Chain at the signing ceremony (Source: VNA)
Hanoi (VNA) - The US Agency for International Development (USAID) and Coca-Cola Beverages Vietnam Limited (Coca-Cola Vietnam) signed a memorandum of understanding (MoU) to partner up to increase the use of renewable energy in Vietnam.

The MoU, also aimed at improving energy efficiency in industries, was inked by USAID Director in Vietnam Michael Greene and Nguyen Van Quyet, Director of Coca-Cola Vietnam Supply Chain at a ceremony in Hanoi on October 19.

Speaking at the event, the visiting USAID Senior Deputy Assistant Administrator for Asia, Gloria Steele said USAID’s assistance aims to encourage clean-energy policies and expand market incentives and public-private partnerships promote the application of renewable energy technologies and increase energy efficiency in Vietnam.

While enjoying rapid growth, Vietnam is experiencing a soaring rate of energy consumption, mainly generated from fossil fuels, and this contributes to global climate change, she noted.

Under this partnership, USAID and Coca-Cola Vietnam will work together to develop renewable energy-based power and thermal systems for industry facilities, including those of Coca-Cola Vietnam, to utilise renewable resources while reducing the use of fossil fuels.

The two sides will also cooperate in developing and sharing successful models of renewable energy adoption and practices of energy efficiency.

Additionally, the partnership seeks to improve the capacity and skills in clean energy development among energy management experts and practitioners in small- and medium-sized industrial enterprises.

As one of the first cooperation activities, USAID will provide technical assistance to help Coca-Cola Vietnam install their first solar battery system on the rooftop of Coca-Cola’s plant in Ho Chi Minh City, which is expected to supply at least 20 percent of the facility’s power needs.-VNA