At a recent Vietnam-US Business Summit in Hanoi, the VCCI leader said following the orientation, the Vietnam Chamber of Commerceand Industry (VCCI) has introduced its Green Index initiative with support fromthe United States Agency for International Development (USAID), aiming to promoteenvironmental institutional reform and sustainable investment activities.
Cong said he believes thatVietnamese and US enterprises have good chances for successful cooperation in liquefied natural gas, and clean and renewable energy in contribution to thecountries’ trade growth and energy security.
Director of the Ministry of Industry and Trade’s Departmentof Electricity and Renewable Energy Hoang Tien Dung noted Vietnam has set atarget that by 2030, renewable electricity will account for45 percent of the national power generation capacity, reflecting its orientation towardsrenewable energy.
The implementation of the power sourceand grid development programme will cost an estimated 14 billion USD, so Vietnam needs the participationof businesses, especially those from the US, in resources and technology sharing.
Ken Haig, Head of Energy and Environment Policy forAsia-Pacific & Japan at Amazon Web Services (AWS), suggested to boostinvestment attraction in the sector, Vietnam needs a long-term strategy.
He also expressed his support for increasing the use ofsolar and offshore wind power and hoped the US’s investment in renewable energyin Vietnam will contribute to the nation’s sustainable development in the timeto come.
Kris Karafa, Chief Operating Officer at Gen X Energy, said the firm is willing andready to pour capital into wind power projects, particularly offshore ones. Gen XEnergy has partnered with Binh Thuan province in many renewable energy projects./.
Vietnam calls for int’l support to realise energy commitment at COP26
Vietnam needs considerable international support in terms of concessional capital to take measures for concurrently ensuring national energy security and achieving net zero emissions by 2050, said Minister of Industry and Trade Nguyen Hong Dien.