Top leader calls for investment from US energy groups AES, Pacifico

Meeting Executive Vice President of AES Corporation Juan Ignacio Rubiolo, the top leader spoke highly of the corporation’s effective operation in Vietnam.

Affirming that Vietnam always supports foreign investors, especially those in clean energy transition, he suggested AES continue its close coordination with Vietnamese partners in projects to ensure compliance with legal regulations.

Vietnam is looking for solutions to balance its trade with the US, he said, adding the country, therefore, supports the import of liquefied petroleum gas. The leader also suggested AES maintain its future implementation plan when its project is included in the country’s power plan.

The Party, State and people of Vietnam are committed to creating favourable conditions for US investors in general and AES in particular to operate effectively in the country, he promised.

In reply, Rubiolo reiterated the commitment of AES, which has been in Vietnam for more than 15 years, to doing long-term business in the Southeast Asian nation, and assisting it in energy transition and green economy.

AES wishes to coordinate with local firms such as PV Gas and Vietnam Electricity (EVN) to maximise clean energy supply in service of Vietnam's industrial projects, and improve and ensure the reliability of energy supply for the country, he said, pledging further investment to help raise living standards there.

Receiving Nate Franklin, Founder and Chairman of the Pacifico Energy Group, Lam spoke highly of the group’s contributions and successful investment and business activities in the world and in Vietnam in recent times, as well as its new investment plan for energy transition projects in Vietnam in the near future.

Emphasising that Vietnam is a responsible nation in environmental protection, committed to achieving net-zero emissions by 2050, and promoting energy transition, he urged the group to accelerate the implementation of ongoing projects; and hoped that it would develop more projects in Vietnam.

He stressed that the Party, State, and people of Vietnam are committed to creating favourable conditions, in accordance with the law, for US investors in general, and Pacifico in particular, to invest and do business effectively and sustainably in the country.

For his part, Franklin said the group has been present in Vietnam since 2017 and is proud to be the first renewable energy firm to complete projects in Vietnam, such as wind and solar power.

Highlighting Vietnam's geographical and topographical advantages for clean energy development, he pledged to continue developing projects in the country to ensure its energy supply for economic development.