HCM City (VNA) – An energy transition seminar on Norwegian-Vietnamese business partnerships opened in Ho Chi Minh on September 13, hosted by the Norwegian Embassy in Vietnam in collaboration with the Oil, Gas and Coal Department under the Ministry of Industry and Trade (MoIT).
According to experts, the participation and collaboration of the private sector will play a vital role in the implementation of the Vietnamese government’s Power Development Plan VIII with priority to be given to the development of renewable energy.
They also said that the plan is an opportunity for business communities both home and abroad to introduce their expertise and competitive advantages, particularly technology. Specifically, Norwegian energy firms boast strengths in offshore wind power, clean hydro, carbon storage, and liquefied natural gas (LNG).
Deputy Ambassador Mette Møglestue said Norway and Vietnam share a determination to become countries with low carbon by 2050. Energy transition is an inevitable process and all countries on the globe must take efforts to achieve this goal.