Encourage Australian businesses to invest in renewable energy in Vietnam
(Chinhphu.vn) – News from the Office of the Ministry of Industry and Trade, March 5, on the sidelines of the Special Summit commemorating 50 years of ASEAN – Australia relations and the official visit to Australia of Prime Minister Pham Minh Chinh , Minister of Industry and Trade Nguyen Hong Dien had a bilateral meeting with Australian Minister in charge of Climate Change and Energy Chris Bowen.
At the meeting, the two Ministers shared that the two countries have had a lot of potential for cooperation in the field of energy, especially renewable energy.
Minister Chris Bowen shared information about the role of offshore wind power, Australia’s strengths in providing raw materials such as coal, gas, LNG for electricity production and emphasized cooperation goals. of the two countries towards the Comprehensive Strategic Partnership framework.
Appreciating the respectful welcome of the Australian side in general and the interest of Australian businesses in the Vietnamese market in particular as shown through the Business Forum held on the same day, Minister Nguyen Hong Dien highlighted the Vietnam’s strong population, large energy demand, natural advantages to produce solar energy and wind energy… are very potential investment cooperation opportunities in the energy sector for businesses. Australia.
Minister Nguyen Hong Dien expressed his hope that Australia will cooperate with Vietnam in mineral exploitation and processing, investment in production and human resource training in the field of renewable energy.
Vietnam’s population, large energy demand, natural advantages to produce solar energy and wind energy… are very potential investment cooperation opportunities in the energy sector for Australian businesses. – Minister Nguyen Hong Dien informed
Strengthen cooperation on renewable energy
With Australia’s strengths in finance, technology, and experience in this field, Vietnam hopes that Australia will cooperate with Vietnam in mineral exploitation and processing, investment in production and human resource training in the future. Renewable energy sector… with the motto of mutual benefit and supporting Vietnam to achieve the goal of energy transformation, Net Zero by 2050.
At the end of the meeting, Minister Nguyen Hong Dien emphasized: The memorandum establishing a ministerial-level dialogue mechanism on energy and minerals signed and handed over in the presence of the next two Prime Ministers will be important cooperation mechanism in the energy sector.
With this mechanism, the two sides will have many opportunities to exchange and promote stronger cooperation in the fields of energy and minerals, and will also serve as a basis for Australia to continue to be a partner in providing raw materials. Important, sustainable materials such as coal and LNG serve the electricity, energy and fertilizer production industries in Vietnam.
A special summit commemorating 50 years of ASEAN-Australia relations was held in Melbourne, Australia from March 5-6 with the participation of leaders of ASEAN countries, Australia and the Secretary General of ASEAN. Prime Minister Timor Leste was invited to attend this conference as an observer.
The conference with the theme “Partnership for the Future” was held in the context of dynamic cooperation between ASEAN and Australia in many fields. This is an opportunity for the two sides to review the relationship over the past 50 years and exchange measures to promote substantive and effective development of the relationship, in accordance with the framework of the Comprehensive Strategic Partnership established in 2021. .
Within the framework of the Conference, on the morning of March 5, 2024, Prime Minister Pham Minh Chinh attended the Vietnam-Australia Business Forum. Speaking at the Forum, the Prime Minister was pleased to announce that during this visit, the two sides are expected to announce the upgrade of bilateral relations, becoming more in-depth, substantive and effective.
The Prime Minister expressed his wishes and expectations for “5 more things” when bilateral relations are upgraded: Better political trust, higher economic – trade and investment cooperation, scientific – industrial cooperation. technology, stronger innovation, education and training cooperation, cultural exchanges, deeper people-to-people exchanges, and stronger tourism and labor cooperation.
The Prime Minister affirmed that the two governments will continue to create favorable conditions for this cooperation activity. The Vietnamese Government will protect the legal and legitimate rights and interests of businesses and investors; continue to promote 3 strategic breakthroughs (institutions, infrastructure and human resources), reform, simplify administrative procedures, and cut costs for investors. The Prime Minister asked Australia to support Vietnam in the three strategic breakthroughs mentioned above.
Phan Trang – Bao chinh phu
