G7 ratifies just energy transition platform for Vietnam

The Group of G7 has agreed on a just energy transition platform for Vietnam, expected to help the country realize its ambitious goals of achieving net-zero carbon emission by 2050.

UK Prime Minister’s Trade Envoy to Vietnam, Cambodia, and Laos Graham Stuart and the Head of the Party Central Committee’s Economic Commission Tran Tuan Anh. Source: VNA

UK Prime Minister’s Trade Envoy to Vietnam, Cambodia, and Laos Graham Stuart announced the move during a meeting with the Head of the Party Central Committee’s Economic Commission Tran Tuan Anh today [April 4].

Stuart hailed Vietnam’s commitments made at the COP26, stressing the UK’s readiness to assist the country in this regard.

He expressed his delight at the positive trade cooperation between Vietnam and the UK since the UK-Vietnam Free Trade Agreement (UKVFTA) took effect, and thanked Vietnam for its support of the UK’s bid to join the CPTPP.

Stuart expected both sides to further bilateral relations in economy, trade, and investment for mutual benefits.

For his part, Head of the Party Central Committee’s Economic Commission Tran Tuan Anh highlighted the strong progress in the bilateral strategic partnership, which is proven by the UK’s support for Vietnam in the fight against the Covid-19 pandemic.

Anh said the Vietnamese Government gives priority to its relations with the UK and seeks greater cooperation in climate change, energy transition, digitalization, sustainable development, technology, finance, and training of human resources.

“Vietnam welcomes the economic and trade cooperation between the UK and the ASEAN region,” Anh noted and said the country is ready to share its  CPTPP information and accession with the UK.

Anh reiterated Vietnam’s commitments made in the COP26 and called for close cooperation between the two countries not only for mutual benefits but also to contribute to addressing global challenges.