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Representatives from Dutch corporations, including Van Oord, Royal Vopak, Pondera, Royal Boskalis, and De Heus, have expressed strong interest in investing in Vietnam.

Vietnam's foreign partners, such as AmCham and EuroCham, expect to further penetrate the domestic clean energy industry.

Vice President of the EC Frans Timmermans said the EU would soon send a delegation to Vietnam to review the issue of illegal, unreported, and unregulated fishing (IUU) and give a conclusion accordingly.

With Vietnam’s strong commitment at the COP26 last November to reach net-zero by 2050, the development and investment in renewable energy projects are of strategic national importance.

The country’s road map aims to improve the quality and reliability of the national power supply and the efficient use of electricity.

Vietnam is committed to stepping up efforts against climate change and transition towards a green economy, Prime Minister Pham Minh Chinh has said.

The deal enables the companies to be in line with Vietnam’s efforts to increase renewable capacity for sustainable development.

With a long coastal line of 3,200 kilometers and an average East Sea wind speed at 6m/s and height of 65m, Vietnam has huge potential for wind energy development.

USAID commits an additional $36 million over the next five years.

Vietnam continues to push for a green growth policy by reducing coal-based power generation and increasing the share of renewables in the total primary energy supply, Vietnam’s President has said.

Vietnam gives high priority to promoting renewable energy during its transition process to a low-carbon economy.