Vietnam actively engages in regional green transition
A Vietnamese delegation led by Minister of Industry and Trade Nguyen Hong Dien has attended the Indo-Pacific Economic Framework for Prosperity (IPEF) Ministerial Meeting, and its sidelines event - Clean Economy Investor Forum in Singapore.
The forum, co-organised on June 6 by the Singaporean Ministry of Trade and Industry and 13 other IPEF member countries, brought together ministers, senior officials and world leading investors. Singaporean Prime Minister Lawrence Wong attended and delivered opening remarks at the event.
It was an initiative to promote the targets set in the IPEF Clean Economy Agreement, facilitating business activities and high-quality capital connectivity, while connecting the public and private sectors through in-depth dialogues with experts.
Notably, the forum identified a total of 69 sustainable infrastructure projects worth more than US$23 billion.
On the sidelines of the ministerial meeting, Dien met with US and Singaporean representatives to exchange views on important matters in bilateral trade, as well as collaboration in renewable energy.
The minister stressed that Vietnam boasts huge potential for cross-border electricity trade, and it is interested in enhancing power connectivity in the Association of Southeast Asian Nations (ASEAN).
Vietnam appreciates the cooperation and support from the US and other relevant sides over the past time, he said.
Vietnam hopes that through the working group, countries will share experience in developing offshore wind power, and building underground power transmission cable systems and other related issues, Dien continued.
Notably, at the meeting between Vietnam, Singapore and the US on large-scale electricity export not through the national power grid, the leaders welcomed the establishment of the tripartite working group.
Vietnam expressed its interest in enhancing power grid connectivity within ASEAN, as well as between Vietnam and Singapore.
According to Luong Hoang Thai, Director of the MoIT’s Multilateral Trade Policy Department, the IPEF Ministerial Meeting marks countries putting the initiative in place.
On this occasion, Vietnam proposed working together with Singapore and the US to form a trilateral framework to discuss potential steps for the establishment of a power connection network with ASEAN countries, he said.
