Vietnam Urges Russian Investment in Renewables Sector Including Green Hydrogen
Key Ideas
- Deputy Prime Minister Tran Hong Ha encourages Russia's Zarubezhneft to invest in Vietnam's renewables sector, emphasizing offshore wind power and green hydrogen production.
- Ha stresses the importance of utilizing oil-gas facilities for investments in producing green fuel using renewable energy to facilitate the green transition process.
- Russian Ambassador to Vietnam previews agreements in various sectors to be signed during Putin's visit, aiming to strengthen bilateral relations with a focus on traditional sectors of the economy.
- Ambassador Bezdetko highlights potential cooperation between Russia and Vietnam on international platforms like the United Nations, ASEAN, and the BRICS grouping.
Deputy Prime Minister Tran Hong Ha of Vietnam has urged Russia's state-owned Zarubezhneft to invest in the country's renewables sector, particularly emphasizing offshore wind power and green hydrogen and ammonia production. The call for investment was made during a meeting with Sergey Kudryashov, the general director of Zarubezhneft, in Hanoi just before Russian President Vladimir Putin's visit to Vietnam. Ha highlighted the potential for utilizing oil-gas facilities, including oil rigs, for these investments to promote the production of green fuel using renewable energy.
The Vietnamese government has been working on simplifying administrative procedures to facilitate cooperation, with a focus on technological development and green energy production. Both Zarubezhneft and Petrovietnam, Vietnam's state-owned oil-gas group, were encouraged to invest in this direction to support the green transition process. The Deputy PM also emphasized the importance of continued cooperation between Vietnam, Zarubezhneft, and their partners.
In anticipation of Putin's visit, the Russian Ambassador to Vietnam, Gennady Bezdetko, mentioned plans to sign agreements across various sectors including higher education, legislation, customs procedures, healthcare, energy, and science. The visit aims to strengthen ties between Russia and Vietnam, focusing on sectors like economy, investment, science-technology, education-training, culture-tourism, humanitarian aid, and defense-security. Additionally, Russia expressed willingness to collaborate with Vietnam on international platforms, particularly emphasizing the UN and ASEAN.
The article also touches upon the BRICS grouping, highlighting its potential as a platform for cooperation between Russia and Vietnam. Established in 2009 for emerging economies, BRICS includes Brazil, Russia, India, China, and South Africa, with recent new members like Iran, Egypt, Ethiopia, and the UAE. With a positive sentiment, the article showcases the growing partnership between Vietnam and Russia in the renewable energy sector and beyond.