Vietnam proposes three cooperation priorities at AZEC summit on energy security
VOV.VN - Vietnamese Prime Minister Le Minh Hung proposed three key cooperation priorities to address energy challenges and safeguard supply chains, at an Asia Zero Emission Community (AZEC) online summit on April 15.
Addressing the summit chaired by Japanese Prime Minister Takaichi Sanae, the Vietnamese leader stressed that the current energy crisis reflects not only short-term disruptions but also deeper structural imbalances and intensifying strategic competition, particularly in access to energy resources.
He underlined that beyond diversifying supply, a more fundamental solution lies in strengthening strategic trust, enhancing cooperation and dialogue, and resolving disputes through peaceful means in accordance with international law.
Reaffirming Vietnam’s commitment to achieving net-zero emissions by 2050 and identifying renewable energy and green transition as strategic priorities, the Prime Minister outlined three key directions for cooperation.
In the short term, he called for stronger coordination and policy alignment to diversify energy supply, facilitate trade, and maintain stable and uninterrupted supply chains, especially for energy and food.
In the medium and long term, he proposed enhancing strategic autonomy and resilience through the development of integrated energy infrastructure, expansion of strategic reserves, and increased technology transfer.
He also emphasised the need to accelerate the effective and substantive implementation of projects under the AZEC framework, in line with each country’s capacity and conditions.
Prime Minister Hung expressed support for Japan’s proposal to upgrade AZEC to “AZEC 2.0”, voicing Vietnam’s readiness to work closely with Japan and partners to advance initiatives toward a greener, more sustainable and prosperous future.
The summit brought together leaders from 15 countries, including 10 AZEC members - Japan, Australia, Brunei, Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam - along with guest countries the Republic of Korea, Bangladesh, India, Sri Lanka and Timor-Leste, as well as representatives from the Asian Development Bank (ADB) and the International Energy Agency (IEA).
In her opening remarks, Japanese Prime Minister Takaichi Sanae highlighted the need to address disruptions in energy supply chains and ensure energy security across Asia.
She announced a US$10-billion financial package to support energy supply diversification in the region, focusing on both short-term emergency responses and long-term resilience.
Leaders at the summit welcomed Japan’s initiative, expressed concern over supply chain disruptions, and underscored the importance of maintaining open and secure trade flows in line with international law.
They also endorsed the AZEC 2.0 initiative and showed their commitment to strengthening cooperation to enhance supply chain resilience and energy security.
The Japanese Prime Minister thanked participating leaders for their constructive contributions and said Japanese agencies would work with partners to promptly implement the proposed initiatives.