The US is interested in Vietnam’s energy development orientation

On May 11 (local time), in Washington DC, the United States, Minister of Industry and Trade Nguyen Hong Dien accompanied the Prime Minister to attend many activities, including meetings with foreign partners. cooperation of the Ministry of Industry and Trade such as the US Department of Commerce (DOC), to meet businesses operating in the energy sector.

In the field of energy, US partners are very interested in Vietnam’s energy development orientation in the coming years, especially the 8-nation electricity master plan, as well as the amendment and supplementation of the legal system. paving the way for the development of a competitive electricity market in Vietnam.

At the meeting with US Secretary of Commerce (DOC) Gina Raimondo, Prime Minister Pham Minh Chinh highly appreciated the remarkable developments in economic – trade relations between the two countries in recent years.

The US is interested in Vietnam's energy development orientation - 1

Prime Minister Pham Minh Chinh receives Gina Raimondo, US Secretary of Commerce. (Photo: Duong Giang/VNA)

Ms. Gina Raimondo highly appreciated the vision and economic development plan of the Government of Vietnam, especially the transformation to the digital economy, increasing the rate of using clean energy, green economy, diversifying the supply chain…

In that process, the Ministry of Industry and Trade, in the role of Chairman of the Vietnam – US Trade and Investment Council (TIFA), has presided over, coordinated and promoted policy dialogue through the mechanism of the Association. TIFA is increasingly substantive and in-depth, helping to remove many complicated issues in bilateral trade relations.

On this occasion, Prime Minister Pham Minh Chinh together with leaders of ministries and branches and Minister of Trade Raimondo witnessed the awarding ceremony of cooperation documents between the ministries, branches and enterprises of the two countries in many fields such as energy, application Responding to climate change, contributing to support Vietnam to soon achieve its commitments set out at COP26, such as: Investment registration certificate of Son My LNG Terminal project for AES Group and Vietnam Gas Corporation – PVGas; Cooperation agreement in the field of electricity generation and transmission, exchange of new technology information applied to the US power system, training and service provision for gas power projects in the period 2022 – 2027; Agreement on investment cooperation to improve operational efficiency of Nhon Trach 1 Power Plant.

At the meeting with Texhong Group (Hong Kong, China), Mr. Hong Tian Zhu, Chairman of the Group expressed deep thanks to the leaders and related units of the Ministry of Industry and Trade for their interest and support. efficiency during Texhong’s investment, production and business in Vietnam.

Chairman of Texhong affirmed that the future of Texhong is tied to Vietnam, with more than half of the Group’s outward investment capital currently concentrated in Vietnam, worth more than 1.5 billion USD and employing more than 25,000 employees. motion.

The Group’s main products are yarns and knitted fabrics for export with cotton imported from many countries, mainly from the United States. In the coming time, Texhong hopes to receive support from the Ministry of Industry and Trade in handling recent unfavorable information related to the origin of imported cotton for fabric production.

Minister Nguyen Hong Dien emphasized that since Vietnam joined the new generation of free trade agreements, more and more foreign businesses have invested in Vietnam. Enterprises not only need to pay attention to taking advantage of opportunities offered by these Agreements, but also need to pay attention to issues related to the origin of products to protect the legitimate interests of the industry. as well as the business itself.

Regarding the issue raised by Texhong, the leaders of the Ministry of Industry and Trade are ready to discuss and send a letter to the relevant agencies of the United States, requesting that these agencies develop a mechanism to implement the laws that affect businesses. Vietnamese industry needs to approach in an objective and fair manner, ensuring the legitimate interests of Vietnam’s textile and garment industry, Vietnamese workers as well as US consumers, without creating barriers for goods. Vietnam’s textile and garment exports and allows businesses the opportunity to explain the origin of products.

In the afternoon of the same day, Minister Nguyen Hong Dien continued to participate in many bilateral activities, including receiving Finance Minister Janet Yellen, attending a seminar program at the Center for Strategic and International Studies (CSIS); attended the meeting with the Prime Minister of Cambodia, the General Director of the World Bank and Asia Group, Blackstone, GenX/AES.

It is expected that on May 12 (local time), the Minister of Industry and Trade will continue to have meetings with the Head of the United States Trade Representative (USTR), leaders of the US Department of Homeland Security (DHS). ), US Customs and Border Protection (CBP) on bilateral trade cooperation mechanisms and cooperation in origin control, and many activities to meet and interact with the business community. Karma.

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