US seeks to elevate Vietnam ties, cooperate in clean energy

By Tri Duc
Tue, September 6, 2022 | 7:44 pm GMT+7

The U.S. wants to elevate the comprehensive partnership with Vietnam to a strategic one and cooperate in clean energy for mutual benefit, said U.S. Special Presidential Envoy for Climate John Kerry.

Kerry made the statement at a conversation on promoting clean energy in Vietnam Tuesday in Hanoi, as part of his visit to the Southeast Asian nation.

He highlighted that the Vietnam-U.S. relationship is at its peak. Next July, as the two nations celebrate the 10th anniversary of their comprehensive partnership, President Biden wants to elevate the ties to strategic level, Kerry said.

U.S. Special Presidential Envoy for Climate John Kerry at a press meeting in Hanoi on September 5, 2022. Photo courtesy of Young People newspaper.

U.S. Special Presidential Envoy for Climate John Kerry at a press meeting in Hanoi on September 5, 2022. Photo courtesy of Young People newspaper.

He also noted that there are mutual benefits for both Vietnam and the U.S. in green energy cooperation, also a new global economic revolution, as building renewable energy facilities creates jobs and attracts investments.

Clean energy is the solution for Vietnam to adapt to climate change, while harnessing solar and wind power would help countries avoid dependence on foreign resources, like Russia using gas to leverage against Europe, Kerry said.

As Vietnam strives to achieve net-zero emissions by 2050 and shift from fossils to clean and renewable energy, the envoy expressed delight at Vietnam’s commitments, while recalling his meeting with Prime Minister Pham Minh Chinh a day ago.

However, Vietnam’s problem is its lackluster power transmission lines, leading to waste as renewable energy (which is cheaper than coal-fired energy) cannot be fully utilized, Kerry stressed.

He suggested Vietnam repeat its success with aviation and telecommunications in the energy sector. Vietnam Airlines, Vietjet Air and Bamboo Airways have themselves developed into better airlines thanks to the competition. The telecommunication sector underwent major regulatory updates years ago and the changes eliminated monopoly, introduced competition for the first time, and led to a robust industry with benefits for consumers and the whole economy.

Kerry said now is the time for the Vietnamese government to embrace quick reform and facilitate connection between renewable power facilities and the grid.

Besides, the power development plan VIII (PDP VIII) should prioritize renewable energy, with a portion of about 40% of the total, and that for coal power should be reduced to 20%, he added.

In its latest report on PDP VIII submitted to the government in early August, the Ministry of Industry and Trade said the PDP VIII for the period 2021-2030, with a vision to 2045, should see coal-fired power be reduced to 37,467 MW, or 25-31% of total capacity by 2030, and about 10% by 2045.

According to Do Duc Hung, an official from Vietnam Electricity National Power Transmission Corp., per the current draft PDP VIII, Vietnam needs to invest about VND335,000 billion ($14.23 billion) in the grid system in 2021-2030.

Vietnam currently encourages all economic sectors to engage in developing power sources and the grid, while the state is the sole operator of electricity transmission.

At a meeting on Monday, PM Chinh told Kerry that Vietnam considers the goal of achieving net zero emissions and shifting from fossil energy to clean and renewable energy as an inevitable development trend for the world, as well as for itself.

The Vietnamese PM suggested the U.S. continue supporting Vietnam in the negotiation process to establish a fair energy transition partnership, as well as in technology and finance, energy development, legal frameworks, and experience sharing.

John Kerry is the first United States special presidential envoy for climate. A member of the Democratic Party, he served as the 68th United States Secretary of State from 2013 to 2017 under the Barack Obama administration. Kerry was a Vietnam war veteran.

Comments (0)
  • Read More
Vietnam port operators dock strong quarter

Vietnam port operators dock strong quarter

Many port operators in Vietnam logged strong Q2/2025 net profit, and analysts said that the sector has potential to sail further.

Companies - Sun, August 10, 2025 | 10:21 am GMT+7

Japan’s Sumitomo eyes LNG power plant in central Vietnam

Japan’s Sumitomo eyes LNG power plant in central Vietnam

Sumitomo Corporation is exploring the development of an LNG-to-power plant in Vietnam’s central coastal province of Khanh Hoa, part of its push into the country’s new energy sector.

Energy - Sun, August 10, 2025 | 8:00 am GMT+7

Brazilian meatpacker JBS to build 2 plants in Vietnam

Brazilian meatpacker JBS to build 2 plants in Vietnam

Brazilian meat giant JBS S.A. will invest in two export-oriented food processing plants in Vietnam following a plan first announced in March.

Investing - Sun, August 10, 2025 | 12:28 am GMT+7

Vietnam's benchmark VN-Index likely to reach 1,800 points next year: broker

Vietnam's benchmark VN-Index likely to reach 1,800 points next year: broker

Despite potential short-term volatility from increased profit-taking pressure following a high-margin phase in late July, Vietnam’s benchmark VN-Index is expected to reach the 1,750-1,800 point range in 2026, according to leading broker Saigon Securities (SSI).

Finance - Sat, August 9, 2025 | 6:22 pm GMT+7

Mobile World to list mobile phone, electronic home appliance chains by 2030

Mobile World to list mobile phone, electronic home appliance chains by 2030

Mobile World Investment Corporation (MWG), a leading retailer in Vietnam, plans to conduct an IPO of and list its core retail chains The Gioi Di Dong (mobile phones) and Dien May Xanh (electric and electronic home appliances) by 2030.

Companies - Sat, August 9, 2025 | 6:04 pm GMT+7

Vietnam officially grants visa-free entry to high-profile foreigners

Vietnam officially grants visa-free entry to high-profile foreigners

The Vietnamese Government has introduced a limited-term visa waiver scheme for foreign nationals who are "prioritized for the sake of the country’s socio-economic development".

Politics - Sat, August 9, 2025 | 11:32 am GMT+7

VinEnergo launches rooftop solar, battery storage projects in central Vietnam

VinEnergo launches rooftop solar, battery storage projects in central Vietnam

VinEnergo Energy Joint Stock Company has signed MoUs to install rooftop solar power systems integrated with battery energy storage systems (BESS) with the VinFast automobile plant and two battery factories in the central province of Ha Tinh.

Companies - Sat, August 9, 2025 | 10:21 am GMT+7

Indonesia doubles lithium imports to boost EV battery production

Indonesia doubles lithium imports to boost EV battery production

Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realize its ambition of becoming a global EV manufacturing hub.

Southeast Asia - Sat, August 9, 2025 | 10:18 am GMT+7

Optimism rises for Thailand’s economy after US tariff cut

Optimism rises for Thailand’s economy after US tariff cut

Thailand’s private sector has lifted its 2025 GDP growth forecast to 1.8-2.2%, up from the previous 1.5-2%, following the U.S. decision to reduce import tariffs on Thai goods from 36% to 19%.

Southeast Asia - Sat, August 9, 2025 | 10:16 am GMT+7

Foreign investors make up 4.27% of Vietnamese G-bonds trading value in July

Foreign investors make up 4.27% of Vietnamese G-bonds trading value in July

Foreign investors accounted for 4.27% of the total trading value of Vietnamese government bonds (G-bonds) in July, with net buying at VND298 billion (nearly 11.4 million).

Finance - Sat, August 9, 2025 | 10:08 am GMT+7

Vietnam developer Taseco Land plans private share placement following HCMC bourse debut

Vietnam developer Taseco Land plans private share placement following HCMC bourse debut

Shortly after its listing on the Ho Chi Minh Stock Exchange (HoSE) as TAL, Taseco Land, a subsidiary of Vietnam’s conglomerate Taseco Group, is seeking shareholder approval for a private share placement targeted at professional investors.

Companies - Sat, August 9, 2025 | 8:00 am GMT+7

Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August

Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August

The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.

Energy - Fri, August 8, 2025 | 4:18 pm GMT+7

Software giant SAP invests $175 ml in R&D center in Vietnam

Software giant SAP invests $175 ml in R&D center in Vietnam

German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.

Industries - Fri, August 8, 2025 | 3:43 pm GMT+7

Carlsberg’s Phu Bai Brewery expansion in central Vietnam set to start brewing late this month

Carlsberg’s Phu Bai Brewery expansion in central Vietnam set to start brewing late this month

The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of nearly $90 million, has entered trial runs and is scheduled to be inaugurated and begin full-scale production in late August.

Industries - Fri, August 8, 2025 | 2:43 pm GMT+7

Indonesia promotes nickel-based EV battery production

Indonesia promotes nickel-based EV battery production

Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.

Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7

BRICS countries account for over 35% of Malaysia’s total foreign trade turnover

BRICS countries account for over 35% of Malaysia’s total foreign trade turnover

Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).

Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7