Vietnam, Canada strive to boost clean energy co-operation
VOV.VN - Vietnam creates favourable conditions for foreign businesses to invest in clean and renewable energy and sustainable development moving into the post-COVID-19 period, Vietnamese Ambassador to Canada Pham Cao Phong told a conference in Ottawa on October 21.
Vietnam is one of the countries worldwide that are heavily impacted by climate change, causing it to understand the importance of transforming to a new energy structure, in which green energy sources play an important role, Ambassador Phong stressed.
Currently, the country is actively transitioning to renewable energy sources, attempting to increase its share of renewable energy sources as part of the total primary energy supply from 10% this year to 20% by 2030 and 30% by 2045.
This energy transformation process not only requires huge capital investment in terms of infrastructure, but also technology which can be boosted through greater co-operation between both sides, said the diplomat.
The Ambassador noted the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), of which the two countries are members, serves to push trade and create conditions for co-operation in various fields, including energy.
Éric Marquis, assistant deputy minister for the Québec Department of International Relations, confirmed that the Vietnamese market represents an important emerging destination for Quebec. It is one of Quebec's leading trade partners in Southeast Asia in 2020, with two-way trade turnover increasing by more than 440% between 2011 and 2020.
Furthermore, Vietnam is also part of the process of reshaping global value chains, especially in Asia, for the Canadian side, he added.
The Canadian official expressed hope that the conference will help not only to build a closer relationship between both sides, but also to start a dynamic co-operation relationship within the energy sector.
The representative of the Quebec administration also committed to continue working alongside the Vietnamese embassy in Canada to organise conferences in areas of mutual interest.
