VAFIE signs cooperation deal with Institute of Energy Technology

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) and the Institute of Energy Technology (IET) under Hanoi University of Science and Technology has signed a bilateral cooperation agreement.

The collaboration is to enhance operational efficiency through joint research, scientific applications, and technology transfer; and to provide services and conduct business activities in mutually interested areas in compliance with legal regulations.

The two sides will jointly build and develop a shared database to support and effectively serve their development goals; and improve the quality of conferences and seminars related to energy investment and high-tech industries organized by either party.

Under the deal signed on Thursday, IET will support VAFIE in providing consultation and assistance to foreign-invested enterprises implementing investment projects in the energy and industrial sectors in Vietnam.

It will provide consultancy on the development of investment projects and technological transformation in industrial plants in key areas such as energy-saving technologies and solutions, carbon emissions reduction, energy transition, green and sustainable development.

Their cooperation also covers applying artificial intelligence (AI) in management and operational optimization, adopting Big Data, Internet of Things (IoT), intelligent control and signaling systems, smart manufacturing technologies, and developing production lines for new industrial products and sustainable manufacturing.

The two parties will collaborate on the development and implementation of short-term training programs, standards, and technical guidelines related to energy and industrial fields.

They will jointly organize seminars, forums, scientific information exchanges, and investment networking events, especially in the areas of energy technology, high-tech industries, environment, and sustainable development.

They will also effectively utilize and share laboratory systems, tools, and equipment to support both parties’ activities.

VAFIE chairman Dr. Nguyen Anh Tuan expressed his expectations that this cooperation will foster the green and sustainable development of Vietnam’s energy sector, aiming towards the Net Zero target by 2050.

He also expressed his hope that future events, conferences, and seminars organized by VAFIE will feature participation from leading professors and scientists from IET, who can offer practical contributions in expertise to the association.

On the same day, IET launched the Hanoi University of Science and Technology (HUST) Energy Technology Council, in which the VAFIE chairman was named a council member, while Assoc. Prof. Dr. Dang Tran Tho, IET director was appointed as council chairman.

The IET was established on October 10, 2000, under Decision No. 4166/QĐ-BGD&ĐT-TCCB issued by the Minister of Education and Training, and initially named the Institute of Heat and Refrigeration Science and Technology.

IET envisions becoming a leading research and technology transfer institution in Vietnam and the region in the fields of energy, mechanical engineering, and transportation, affirming its pioneering role in spreading national strategic scientific and technological directions across the society, organizations, and academic and research institutions.