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Vietnam encourages Korean investment in electricity projects

Vietnam encourages investment in electricity projects due to increasing domestic demand, Deputy Prime Minister Trinh Dinh Dung told CEO of the Korea Southern Power Company (KOSPO) Yoon Jong-keun.
Vietnam encourages Korean investment in electricity projects ảnh 1At the reception (Source: VNA)
Hanoi (VNA) – Vietnamencourages investment in electricity projects due to increasing domesticdemand, Deputy Prime Minister Trinh Dinh Dung told President and Chief ExecutiveOfficer (CEO) of the Korea Southern Power Company (KOSPO) Yoon Jong-keun duringa reception in Hanoi on May 16.

The Deputy PM said Vietnam wants toattract capable and experienced investors to power generation projects, addingthat many Korean investors operating in the field have reaped considerablesuccesses in the country.

He asked KOSPO to work closely with theMinistry of Industry and Trade and relevant units to choose business models bestsuited to their capacity and the Vietnamese market’s conditions to submit toauthorities for approval.

Yoon, for his part, said with morethan 40 years of experience and one of the five largest power providers in theRepublic of Korea, KOSPO expects to cooperate with Vietnamese enterprises todevelop power projects.

As one of the leading thermal and windelectric utilities in the RoK, KOSPO was established in February 2001 afterbeing split from the Korea Electric Power Corporation (KEPCO).-VNA


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