Proposal for joint Vietnam-China cooperation on a range of projects focusing on the development of integrated energy centres, high-voltage power transmission lines, and the production of new green fuels in Việtnam.
Vietnam’s Deputy Prime Minister Trần Hồng Hà has commended China’s advancements in energy modernisation, particularly its renewable energy development and expertise across all stages, from design, production to operation and management.
The Deputy Prime Minister met with Luo Bi Xiong, Chairman of China Power Engineering Consulting Group Co., Ltd (CPECC) in Hànoi on May 27, 2024.
Trần Hồng Hà said that deeper cooperation between Vietnamese and Chinese companies, especially in the energy sector, would solidify the comprehensive strategic cooperative partnership between the two nations.
Việtnam is undergoing energy transition and carrying out the National Power Development Plan (PDP8) for the 2021-30 period, with a vision to 2050, he said, adding that this plan necessitates adjustments to legal regulations related to renewable energy development.
Recognising the CPECC’s extensive experience in consulting, contracting and investing in power and renewable energy projects globally and within Việtnam, Hà expressed the wish for the Chinese firm to share experience in selecting the most appropriate technologies, refining relevant policies, and developing plans to implement the PDP8 most effectively.
Additionally, he sought solutions to streamline electricity transmission operations across regions, considering the integration of diverse energy sources like hydropower, coal, gas, and renewables.
Hà said the Vietnamese Government will foster a positive environment for Vietnamese and Chinese enterprises to collaborate effectively on mutually beneficial agreements.
Taking note of the CPECC’s scientific and economically viable proposals, the host suggested that the CPECC work directly with the Ministry of Industry and Trade, Việtnam Electricity (EVN), and the Việtnam National Oil and Gas Group (Petrovietnam) to clarify mechanisms and legal regulations, technical requirements, investment effectiveness and project feasibility.
Luo presented the CPECC’s achievements in energy planning, infrastructure development, consulting, and technical expertise across China, the globe, and specifically within Việtnam.
He proposed a range of projects focusing on the development of integrated energy centres, high-voltage power transmission lines, and the production of new green fuels in Việtnam.
Ten days ago, speaking at the International Exhibition on Electric and Industry in Việt Nam (ENE Vietnam 2024) in Hanoi, Pan Yue Long from the China Electricity Council said that to facilitate bilateral cooperation between the two countries, Việtnam and China should unite to set green energy standards, improve green investment and financial market mechanisms and together develop a healthy business and investment climate.
Sources:
- Việt Nam News, May 27, 2024. Việt Nam seeks China’s expertise in power sector transformation. https://vietnamnews.vn/economy/1656359/viet-nam-seeks-china-s-expertise-in-power-sector-transformation.html
- Việt Nam News, May 17, 2024. Việt Nam and China urged to foster cooperation in electric and energy sectors. https://vietnamnews.vn/economy/1655737/firms-from-viet-nam-and-china-urged-to-foster-cooperation-in-electric-and-energy-sectors.html