At the reception (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung onFebruary 11 received a group of investors from the US and the Republic of Koreawho are interested in liquefied natural gas (LNG) power development in Vietnam.
At the reception in Hanoi, the Deputy PM acknowledged the seriousintention of the investors, and affirmed that the Vietnamese Government alwaysencourages and facilitates the participation of domestic and foreign firms inpower projects in Vietnam.
He informed the guests that the demand for electricity in Vietnam isgrowing at an average 10 percent a year. Vietnam is diversifying its sources ofpower in the direction of reducing coal-fired power and raising the share of gas-fuelledpower and renewable energy, Dung said, adding that gas-fired power is slated toaccount for 12 percent of total electricity generation, equivalent to 17,000 MW,by 2030.
Deputy PM Dung also said investment by US investors in Vietnam willcontribute to improving the trade balance between the two countries.
The investors affirmed their wish to invest in LNG power projects inVietnam to develop the clean energy source, ensure sufficient power supply forboth production and consumption and expand the high quality workforce in thegas-fired power sector.
They said they had conducted thorough study of conditions related toinvestment, and pledged to make long-term and effective investment in LNG powerprojects in Vietnam./.
VNA
