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Government agencies, Vietnam corporations and the United States have signed 6 cooperation agreements in areas such as electricity, fuel and food.
The signing ceremony of 6 agreements between government agencies, Vietnamese and American corporations within the framework of the Indo-Pacific Business Forum (IPBF) took place this morning in Hanoi, according to the embassy. America in Vietnam.
In terms of technology support, the United States Trade and Development Agency (USTDA) has agreed to fund a project of approximately $ 935,060 to support the Vietnam National Power Transmission Corporation (EVN NPT).
The project aims to support EVN NPT in the modernization of its information technology, telecommunications and power transmission systems, creating favorable conditions for investment in smart grid technology in the future. The project will be the premise to boost US exports in the technology sector to modernize the network system.
In the fuel sector, the US Grains Council (USGC) and the Ministry of Industry and Commerce of Vietnam signed an agreement to strengthen the partnership between the two countries to expand the use and supply of ethanol in Vietnam. This agreement will help Vietnam meet its need for an economically and environmentally sustainable fuel.
Regarding liquefied gas power, VinaCapital and the Long An provincial government will cooperate with the US General Electric Corporation (GE) to develop a 3,000 MW capacity LNG gas power project. VinaCapital will cooperate with GE in supplying gas turbines and related equipment and services.
This project is one of the largest energy projects in southern Vietnam and offers a promising solution to the electricity shortage in the region while addressing environmental impact concerns. school.
The project is of strategic importance because it will cover approximately 8% of the country’s energy needs when it comes into operation. This is also a strategic project because it has direct access to the largest industrial park in the country and is only about 30 km from Ho Chi Minh City.
For food, the Vietnam Trade Union Company (VTA) and the US consortium have signed an agreement for the purchase of US chilled and frozen pork. The deal is worth about $ 100 million during the first year and the total value of the transaction over the three years is $ 500 million.
AES Corporation and Vietnam Gas Corporation (PV Gas) also signed a joint venture agreement to develop LNG Son My Warehouse Project with a value of approximately $ 1.4 billion.
The project will help shape Vietnam’s energy future by diversifying energy sources, as well as responding to Vietnam’s growing demand for sustainable and affordable electricity development.
The US ExxonMobil Group in Hai Phong, the Hai Phong City People’s Committee and the Japanese company JERA also signed a cooperation agreement to jointly implement the LNG project in Hai Phong.
The parties agreed to expand cooperation and expertise to jointly study natural gas market development opportunities, including LNG import facilities and gas fired power plants.
Logo outside ExxonMobil headquarters in September 2018. Image: Reuters.
Also within the framework of the IPBF taking place in Hanoi this morning, the director of the United States Agency for International Development (USAID) in Vietnam, Ann Marie Yastishock, announced the Vietnam Low Emission Program II (V- LEEP II), pointing help Vietnam improve energy security.
This is a 5-year program with a budget of $ 36 million to accelerate Vietnam’s transition to a clean, safe and market-oriented energy system.
The V-LEEP II program will focus on supporting better energy planning, increasing competitiveness and private sector involvement in the provision of energy services and the implementation of energy systems. Clean and advanced, and improve grid planning to include clean energy transmission.
This program will also help Vietnam to attract more qualified investors for advanced energy projects and will advise private companies to develop profitable and quality energy projects. tall words.
Ngoc Anh
