Vietnam Seeks Russian Investment in Green Energy: Focus on Offshore Wind, Hydrogen, and Ammonia
Key Ideas
  • Vietnam is encouraging Russian state oil firm Zarubezhneft to invest in green energy initiatives, particularly in offshore wind power, hydrogen, and ammonia.
  • Deputy Prime Minister Tran Hong Ha highlighted the potential for increased energy cooperation between Vietnam and Russia during discussions with Zarubezhneft executives in Hanoi.
  • Russian ambassador Gennady Bezdetko expressed Russia's willingness to supply clean energy technologies, including nuclear energy, to Vietnam.
  • The discussions aim to leverage existing offshore infrastructure in Vietnam for the development of sustainable energy projects with Russian involvement.
Vietnam is actively seeking investments from Russia in the green energy sector, with a particular focus on offshore wind power, hydrogen, and ammonia. Deputy Prime Minister Tran Hong Ha emphasized the untapped potential for energy cooperation between Vietnam and Russia during meetings with Zarubezhneft executives in Hanoi. The government is keen on expanding the partnership with Russian firms, known for their operations in Vietnam's oil and gas fields, to include ventures in renewable energy. Ha encouraged Zarubezhneft to leverage its existing offshore infrastructure in Vietnam for projects related to green hydrogen and ammonia. Moreover, Russian ambassador Gennady Bezdetko affirmed Russia's readiness to provide clean energy technologies, including nuclear energy, to Vietnam. These discussions align with Vietnam's strategic goals of diversifying its energy sources and promoting sustainability. The collaboration aims to combine Russian expertise and technology with Vietnam's conducive environment for offshore energy projects, setting the stage for a mutually beneficial partnership in the green energy sector.
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