Japan’s Erex urged to expand biomass power investment in Vietnam
(VOVWORLD) - Vietnam encourages and supports Japanese enterprises to expand their investment in Vietnam, particularly in sectors matching Japan's advantages and Vietnam's priority such as semiconductor and renewable energy, especially biomass power, Deputy Prime Minister Nguyen Chi Dung said during a meeting in Hanoi on Friday with Honna Hitoshi, Representative Director and President of Japan’s Erex Corporation.
 Deputy Prime Minister Nguyen Chi Dung receives Honna Hitoshi, Representative Director and President of Japan’s Erex Corporation, Hanoi, July 5, 2025. (Photo: VGP/Thu Sa) |
Mr. Dung welcomed Erex’s efforts to bring biomass power technology to Vietnam, highlighting its ongoing projects in the country.
He called on the corporation to expand its investments and technology transfer in the projects co-firing biomass with coal, and to support Vietnam in its energy transition.
Mr. Honna presented several proposals regarding the biomass electricity pricing mechanism and exchange rate adjustments in power purchase agreements.
He also announced Erex’s scholarships to help Vietnam develop human resources in the renewable energy and semiconductor sectors.
Erex, one of Japan’s leading biomass power companies, is seeking to develop raw material zones, invest in biomass power plants, and convert coal-fired power plants to biomass ones in Vietnam. Its current projects in Vietnam include the Hau Giang, Yen Bai, and Tuyen Quang biomass power plants.