Vietnam, Holland enhance energy cooperation

The Netherlands wants to increase cooperation with Vietnam in five prioritised sectors, especially energy.

The statement was made by Minister for Foreign Trade and Development Cooperation Lilianne Ploumen  at a meeting with visiting Deputy Prime Minister Hoang Trung Hai on November 28.

The Dutch minister said Vietnam has become the Netherlands’s development partner, creating sustainable benefits for both sides. 

Deputy PM Hai said he hopes Minister Ploumen will continue to promote cooperation projects on climate change, water resource management, agriculture, energy, oil and gas, seaport and logistics, while creating favourable conditions for Dutch businesses to expand their operation and investment in Vietnam. 

Later on, the Deputy PM attended the Vietnam-Netherlands CEO conference on energy cooperation. 

Addressing a large audience, which included representatives from the world’s leading groups such as Shell, Global Energy and Winel Industry Group, Hai said with diverse sources of energy, Vietnam considers oil and gas, coal and power industries the main pillars of the nation’s energy security. 

Vietnam welcomes outside partners to participate in the sustainable development of the energy sector, on the basis of long-term, effective and mutually- beneficial cooperation, he said. 

Participants from both countries presented their plans and needs in energy cooperation. The National Oil and Gas Group (PetroVietnam) called on investors in oil and gas exploration and exploitation, oil processing, renewable energy development and energy saving. 

The Netherlands, in recent years, has emerged to become one of the EU’s leading investors in Vietnam. 

 By the end of October, the country had 172 projects worth US$5.88 billion, ranking 11th out of 96 countries and territories investing in Vietnam. 
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