PM: Facilitating G7 strategic investors’ participation in Vietnam’s renewable energy
(VOVWORLD) -The upcoming visit to Canada by Prime Minister Nguyen Xuan Phuc and his attendance of the expanded Group of Seven (G7) Summit from Friday to Sunday offers good chances for Vietnam to enhance its ties with Canada and other G7 countries, especially in renewable energy projects.
 Prime Minister Nguyen Xuan Phuc (Photo: VGP) |
Prime Minister Nguyen Xuan Phuc in his interview with Reuters has emphasized in Vietnam’s policy to promote renewable energy by 2030 with a vision until 2050 by boosting investment in and use of renewable energy. Strategic objectives include a decrease of 40 million tons of coal used and 186 billion KWH of electricity generated from renewable energy sources by 2030. The Prime Minister highlighted government’s incentives to promote clean energy projects and attract investors on the basis of harmonization of State, investors and social interests. He said Vietnam is willing to cooperate and facilitate foreign investment to promote renewable energy, especially from G7 countries with technology and financial strengths so that they will become strategic investors in Vietnam’s renewable energy sector.