Vietnamese Deputy Prime Minister Urges Danish Businesses to Invest in Green Transition and Renewable Energy
Key Ideas
  • Deputy Prime Minister Tran Hong Ha encourages Danish businesses to invest in green transition and renewable energy in Vietnam, emphasizing technology transfer and green finance.
  • Vietnam aims to improve grid management and increase renewable energy use, aligning with baseload power development, and seeks recommendations from Danish firms to update the legal framework.
  • Meetings with Danish companies like Vestas, Lego, and Carlsberg focus on renewable energy use and investment expansion, showcasing Vietnam's potential as a gateway to Asian markets.
  • Discussions with Copenhagen Infrastructure Partners and A.P. Moller - Maersk highlight collaboration opportunities in offshore wind power, green hydrogen and ammonia production, and seaport investments.
Vietnamese Deputy Prime Minister Tran Hong Ha has called upon Danish businesses to increase investments in Vietnam, particularly in green transition and renewable energy, during his visit to Copenhagen. Emphasizing areas like offshore wind power, Ha highlighted the importance of technology transfer, research & development, and green finance. He urged revisions to Vietnam's National Power Development Plan to enhance grid management and boost renewable energy utilization. The Deputy Prime Minister also sought Danish input to update the legal framework and leverage Vietnam's strategic advantages, such as market access and FTAs. Danish companies, including Vestas and Carlsberg, showcased their commitment to renewable energy and investment expansion. In a separate meeting with Copenhagen Infrastructure Partners, discussions revolved around potential collaborations in offshore wind projects and energy export possibilities, including green hydrogen and ammonia production. Furthermore, Deputy PM Ha engaged with A.P. Moller - Maersk, emphasizing Vietnam's focus on the sea-based economy and encouraging investments in green energy, specifically hydrogen and ammonia, for seaports. Vietnam is working on approving laws to facilitate offshore wind energy, with plans to issue related decrees for survey and investment in sea zones. The country is keen on attracting innovative and technologically advanced businesses like Maersk to invest in major seaports. Currently, Denmark ranks as the 22nd largest investor in Vietnam, with $2 billion invested in 169 projects, reflecting the strong economic ties between the two countries.
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