VIETNAM SEEKS SUPPORT FROM UK, EU IN CLEAN ENERGY TRANSITION

Deputy Prime Minister Tran Hong Ha has asked representatives of the UK and the European Union to share their experience and technologies in clean energy transition with Vietnam.

He also sought support in developing smart grids, increasing the proportion of renewable energy, and ensuring the balance and stability of the energy system, all of which are expected to pave the way for Vietnam to orient toward a green fuel manufacturer in the Asia-Pacific region.

The request was made during his meeting with the UK’s special envoy on climate change and Principal Adviser on Energy Diplomacy at the EU held yesterday, April 17, according to the Government portal baochinhphu.vn.

Vietnam has made a commitment to achieving net-zero emissions by 2050, Ha said, adding that the Southeast Asian country considered the Just Energy Transition Partnership (JETP) a critical channel to receive technological and financial support from developed countries in energy transition.

The UK and the EU also expressed their willingness to support Vietnam in technical expertise and technology within the framework of JETP, pledging to further promote investment in Vietnam in the coming time.

The JETP will mobilize an initial US$15.5 billion of public and private finance over the next three to five years to support Vietnam’s green transition.

The partnership would support the country in achieving its ambitious net zero goal by 2050, help the nation peak its emissions by 2030, five years earlier than planned, and enable it to wean itself off fossil fuels and switch to clean energy.

Source: The Saigon Times

Related News

MEMBER CORNER / PROMOTIONS

KNIC ENGAGES WITH GOVERNMENT AND HIGH-TECH BUSINESS COMMUNITIES IN CHINA

From Beijing to Shandong, KN Holdings and KN Industrial City are continuing to expand their engagement with government authorities, trade promotion organizations, and high-tech business communities in China. In Beijing, the delegation met with the Center for International Economic and Technological Cooperation under the Ministry of Industry and Information Technology (MIIT), exchanging perspectives on industrial and technology cooperation between the two markets.

Sep 24, 2026

VIETNAM ECONOMY INVESTMENT

VIETNAM’S TRADE TOPS $825 BILLION BY MID-SEPTEMBER

Figures released on September 21 showed goods trade reached nearly $55 billion in the first 15 days of September alone, bringing cumulative turnover since the beginning of the year to more than $825 billion. The strong growth reflects robust trade flows, with demand for consumer goods and production inputs remaining high.

Sep 23, 2026

TECHNOLOGY

VIỆT NAM'S BUSINESSES MOVE TOWARDS AI AGENTS

Việt Nam’s AI landscape is entering a new phase as businesses move beyond generative AI (GenAI) tools designed to assist human users towards autonomous AI, agentic AI and AI agents that can take action with limited supervision, experts have said. The shift comes as Việt Nam seeks to accelerate science and technology, innovation and digital transformation under Politburo Resolution 57-NQ/TW, issued on December 22, 2024.

Sep 23, 2026

GARMENT / TEXTILE

VIỆT NAM TARGETS $48 BILLION IN TEXTILE-GARMENT EXPORTS

Việt Nam’s textile and garment industry is facing both opportunities and challenges amid complex and unpredictable developments in the global market, prompting businesses to improve growth quality, optimise production costs and enhance adaptability in pursuit of an export turnover of about $48 billion this year. The target is considered an important milestone that requires concerted efforts from management agencies and the business community.

Sep 23, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

CUTTING LOGISTICS COSTS KEY TO BOOSTING EXPORTS

Reducing costs has become an increasingly urgent priority for import-export activities, particularly logistics costs, a conference in Hà Nội was told on Tuesday. According to Deputy General Director of the Ministry of Industry and Trade's Agency for Foreign Trade, Trần Thanh Hải, import-export activities has remained a bright spot for the economy in recent years, playing an important role and helping drive macroeconomic growth.

Sep 23, 2026

LEGAL UPDATE / POLICY

FLEXIBLE FISCAL POLICY HELPS DRIVE ECONOMIC GROWTH

Việt Nam’s fiscal policy has been implemented in a targeted expansionary manner since early 2026, helping maintain macroeconomic stability and supporting the country’s goal of achieving double-digit economic growth. According to the Ministry of Finance, State budget revenue in the first eight months of 2026 was estimated at VNĐ2.02 quadrillion (US$77.7 billion), equivalent to 80 per cent of the annual estimate and up 16 per cent year-on-year.

Sep 23, 2026