Viet Nam welcomes UK's support in renewable energy development

The Ministry of Industry and Trade (MoIT) welcomes offers given by developed countries, including the UK, to support Vietnam in building legal frameworks and provide Vietnam with necessary technologies, experience and capital to develop renewable energy in order to realise commitments at the 26th UN Climate Change Conference (COP26), stated Deputy Minister Dang Hoang An.
Viet Nam welcomes UK's support in renewable energy development
An overview of the meeting. (Photo: VNA)

An made the statement during a meeting with Graham Stuart, UK Prime Minister’s Trade Envoy to Viet Nam, Cambodia and Laos, and the UK Ambassador to Viet Nam in Ha Noi on April 5.

At the meeting, the two sides underlined the success of the UK-Viet Nam Free Trade Agreement (UKVFTA) after one year of implementation despite COVID-19 impacts.

Statistics from the General Department of Vietnam Customs show trade revenue between Viet Nam and the UK reached 6.6 billion USD in 2021, up 17.2 percent year on year, with Viet Nam’s exports of nearly 5.8 billion USD. Particularly, the export revenue of steel products surged over 1,404 percent.

Stuart highly valued Viet Nam’s commitment to achieving net zero emission by 2020 at the COP26. He said he is delighted that Viet Nam has made commitments in protecting the forest, cutting the use of coal and reducing methane emission. He welcomed Viet Nam’s plans to adjust its strategies and policies regarding climate change in alignment with the goals.

Sharing the UK’s experience in developing renewable energy to reduce dependence on coal-fueled energy, Stuart encouraged Viet Nam to set more ambitious goals in boosting green growth in the Power Planning VIII, with more plans and mechanisms to encourage investment in renewable energy, given the country’s great potential in expanding renewable energy thanks to its favourable natural conditions.

MoIT Deputy Minister An briefed the guest on Viet Nam’s prompt actions to realise its commitments at COP26, including reviewing and adjusting the Power Planning VII.

The two sides discussed a plan to organise the 12th meeting of the Viet Nam - UK Joint Economic and Trade Committee (JETCO 12) in May in London.

Stuart mentioned the co-organisation of a roundtable on renewable energy on the sidelines of the JETCO, and invited a MoIT delegation to make a field trip to a wind farm in the UK.

Stuart said that the UK is interested in exporting pork and poultry meat to Viet Nam, suggesting that this issue be added to the agenda at the JETCO12.

An agreed to assign relevant agencies to work with the Ministry of Agriculture and Rural Development on this matter. Concluding the meeting, both sides concurred to coordinate closely for stronger cooperation, especially in preparing for the JETCO12.

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(Source: VNA)