European enterprises are willing to invest billions of dollars in wind power in Vietnam

Within the framework of the GEFE 2022 Green Economy Forum and Exhibition, on November 28, in Thu Duc City, Ho Chi Minh City, Prime Minister Pham Minh Chinh welcomes leaders of major European corporations, including Equinor, CIP, Mainstream, Vestas, Airbus, HSBC, Suez, Siemens Gamesa, Schneider… At this event, European businesses said: Ready to invest billions of USD in wind energy in Vietnam.

Attending the event, on the Vietnamese side, were Minister of Industry and Trade Nguyen Hong Dien, Minister of Natural Resources and Environment Tran Hong Ha, Minister of Agriculture and Rural Development Le Minh Hoan, leaders of ministries , industry, locality, and a large number of Vietnamese enterprises.

On the European side, there were EU High Commissioner for Environment, Oceans and Fisheries Virginijus Sinkevičius, Dutch Minister of Foreign Trade and Development Cooperation Liesje Schreinemacher, Head of Delegation – EU Ambassador to Vietnam Giorgio Aliberto, leaders. European Business Association in Vietnam (EuroCham), representatives of European embassies in Vietnam, European corporations and experts of international organizations.

Speaking at the opening ceremony, Prime Minister Pham Minh Chinh highly appreciated the efforts of the European Business Association in Vietnam (EuroCham) and the Delegation of the European Union to Vietnam in coordination with ministries and sectors. , agencies and localities in Vietnam organized GEFE 2022 with the extremely topical topic “Green initiatives and solutions from Europe to Vietnam”.

The Prime Minister expressed his pleasure that the event had the participation of a large number of ministries, sectors, localities, businesses and international organizations, which is a testament to the interest and commitment of both Vietnam and Europe in the field of sustainable development issues.

Vietnam has approved the National Green Growth Strategy for the period of 2021-2030, with a vision to 2050. Vietnam is one of the five countries that are heavily affected by climate change. Therefore, fighting climate change and green development is an objective requirement for Vietnam, for the sake of prosperity, prosperity and happiness for the people. Fighting climate change and green development is not a national job, but a global job, no country is left out, so we call for global solidarity and uphold multilateralism.

Fighting climate change, green development, circular economy, digital economy has an impact on the whole people, so it is necessary to have the cooperation of the whole people, taking the people as the center, as the subject. All policies must be people-oriented. And people must participate in policy formulation and policy implementation with the spirit of: People know, people discuss, people do, people monitor, people’s supervisor, people receive rewards.

The Prime Minister said that after 35 years of renovation, Vietnam has achieved great achievements of historical significance; The country has never had the opportunity, potential, position and international prestige as it does today. Vietnam has been actively building an independent and self-reliant economy, actively integrating into the world effectively, diversifying and multilateralizing, being a good friend, reliable partner, and responsible member of the international community. “Your presence here shows that very clearly,” the Prime Minister said.

After more than 2 years of fighting the epidemic, life has returned to normal. In the past 11 months, the economy and society have developed very positively. Macroeconomic stability, inflation under control, economic growth reached a high level. Large balances are ensured (sufficient income and expenditure, sufficient income, sufficient export and import, and energy security assurance).

Affirming a strong commitment to sustainable development, not sacrificing the environment for economic growth, the Prime Minister said: It is evident that Vietnam has joined nearly 150 countries in committing to bring net emissions to ” 0” by mid-century; together with more than 100 countries participating in the Commitment to reduce global methane emissions by 2030; join 140 countries in the Glasgow Declaration of Leaders on Forests and Land Use; together with 48 countries participating in the Global Declaration on the transition of coal power to clean energy; together with 150 countries participating in the Global Adaptation Coalition.

The Prime Minister said that Vietnam is focusing on building three pillars: a socialist democracy, a socialist rule of law and a socialist-oriented market economy, complying with market rules and with state intervention when necessary to protect the legitimate rights and interests of people and businesses. In that process, people are the center, the subject, the force and the resource of development. Vietnam is promoting the signing of an Investment Protection Agreement, creating favorable conditions for businesses of both sides to expand investment; promote the establishment of the Fair Energy Transition Partnership of the G7 Group and Vietnam (JETP) on the basis of ensuring harmony of interests, fairness and justice in the transition process.

In front of a large number of leading European investors, the Prime Minister stated: We will continue to improve the investment environment, reduce input costs for businesses, encourage green economy, digital transformation, circular economy. Ensure political stability, social order and safety, promote public-private cooperation, diversify supply chains, diversify products and markets. Encourage innovation into emerging industries.

Given that, investing in Vietnam is not only for economic benefits but also for the benefit of human development, for the sake of Vietnam-Europe friendship, “we look forward to your support for advanced technology, green capital, etc. , cheap”, suitable to the socio-economic situation of Vietnam; support Vietnamese enterprises to develop on equal with European enterprises. The Prime Minister emphasized the spirit of all parties winning, harmonizing benefits and sharing risks.

European enterprises are willing to invest billions of dollars in wind power in Vietnam:

This morning, November 28, within the framework of the GEFE 2022 Green Economy Forum and Exhibition, Prime Minister Pham Minh Chinh received leaders of major European corporations, including Equinor, CIP, Mainstream, Vestas, Airbus, HSBC, Suez, Siemens Gamesa, Schneider…

Doanh nghiệp châu Âu sẵn sàng đầu tư nhiều tỷ USD vào điện gió ở Việt Nam
Prime Minister Pham Minh Chinh receives leaders of major European corporations

The Prime Minister expressed his gratitude to businesses that have and will invest in Vietnam with affection and responsibility; always accompany and share with Vietnam during difficult times due to the epidemic. Highlighting the exhibition activities displaying green products and technologies this time shows the high responsibility and great capacity of enterprises in implementing projects in the direction of green investment associated with economic growth, protect the environment and develop a humane and sustainable community, thereby helping to accelerate the effective implementation of action plans of ministries, branches, localities and businesses.

The Prime Minister said: Vietnam has issued the National Strategy on Green Growth for the period 2021-2030, with a vision to 2050. Today’s forum is very important, encouraging Vietnam to implement this strategy. In the coming time, Vietnam wishes to have cooperation and support in terms of preferential credit sources, market support, technology, human resource training, green development management, green transformation.

At the same time, it is suggested that European businesses take advantage of opportunities to strengthen connections with representatives of departments, sectors, localities and Vietnamese businesses attending the event; promote investment in Vietnam in the spirit of all wins, with the motto of harmonizing benefits, sharing risks.

Affirming, the Government of Vietnam will continue to create favorable conditions for EuroCham and its members to invest in the fields that Vietnam is giving priority and has many special incentives such as high technology, environmental protection, energy, etc. renewables…

Thanks to the Prime Minister for taking the time to meet, businesses from Europe said that: Vietnam has great potential for renewable energy. Businesses are willing to invest billions of dollars in Vietnam’s wind energy sector. A council of major corporations has been formed to create a “greener and more responsible” global supply chain. European businesses affirmed that they will cooperate and help Vietnam towards this goal./.