Vietnamese Government encourages renewable investment, Deputy PM tells GS Energy
(VOVWORLD) -The Vietnamese Government encourages international energy groups to increase investment in the renewable energy sector, Deputy Prime Minister Ho Quoc Dung said, pledging favorable conditions for large, capable companies like GS Energy of South Korea to participate in electricity development on the basis of healthy competition and compliance with Vietnamese law.
 Deputy Prime Minister Ho Quoc Dung receives Yongsoo Huh, Vice Chairman and CEO of GS Energy. Photo: VGP/Gia Huy |
At the meeting with Yongsoo Huh, Vice Chairman and CEO of GS Energy, in Hanoi on Thursday, the Deputy Prime Minister acknowledged GS Energy Group as one of the investors with comprehensive capabilities in finance, technology, and management, in line with Vietnam's new investment attraction orientation.
He called on the company to continue coordinating with Vietnamese agencies and partners to research and propose solutions to develop domestic supply chains and strengthen mutually beneficial cooperation.
 Deputy Prime Minister Ho Quoc Dung receives Yongsoo Huh, Vice Chairman and CEO of GS Energy. Photo: VGP/Gia Huy |
Mr. Huh said that GS Energy has invested in several projects in Vietnam including the Nghi Son Refinery and Petrochemical Project in Thanh Hoa and the LNG-to-power complex in Long An, comprising the Long An 1 and 2 LNG-fired power plants. The Group is expanding its operations into the retail sector in Vietnam, an area where GS has a strong advantage in South Korea.