Monday, October 24 2016


Iceland to assist with clean energy

Update: November, 06/2015 - 08:37

HA NOI (VNS) — Viet Nam wishes to collaborate with Iceland in developing clean energies and receive technical support and experience sharing from the country in the field, said Deputy Prime Minister Hoang Trung Hai at a conference in Ha Noi yesterday.

Stressing great potential for cooperation between businesses of both sides in this realm, Hai stated that Iceland's help will enable Viet Nam to meet requirements for both rapid growth and sustainable development as well as emission reduction.

He noted that Viet Nam is currently on a process of national industrialisation and modernisation by increasing industrial production.

This is a considerable challenge facing the country, requiring suitable solutions in specific conditions, he said.

Currently, Viet Nam is using hydropower and coal-fueled thermal electricity as its two main energy sources, while renewable energies remain humble. The country's total power generation capacity is expected to reach about 75,000 MW by 2020.

According to the Government official, in the future, the country will focus on the harmonious development of energy resources by building a number of power plants using renewable resources such as wind, solar and geothermal and reducing the use of fossil fuels.

For his part, Iceland 's President Olafur Rangnar Grimsson said his country is a successful model in clean energy development, with fruitful cooperation with other countries in the field.

Iceland is keen on developing geothermal sources for daily use and production, he said, adding that clean energy will help improve people's living conditions as well as serve as a condition for effective and sustainable economic development.

New partnerships

Visiting Icelandic President Grimsson advised HCM City to seek partnerships with Iceland in high technology, food processing and renewable energies when he met with Chairman of the city's People's Committee Le Hoang Quan yesterday.

The president said HCM City was the gateway for Iceland to achieve stronger collaboration with the Southeast Asian nation and other cities in the region.

Quan said he hoped the Icelandic leader's visit would boost the relationship between the two countries and open up co-operation opportunities for the two sides, especially in seafood, renewable energies and high-tech.

While highlighting the fruitful political ties between Iceland and Viet Nam and HCM City in particular, the municipal leader pointed out that they had yet to tap their potential for co-operation in trade, investment and science.

He proposed Iceland should open a trade office in HCM City, noting the city would create ideal conditions for Icelandic partners.

Quan called on the Icelandic President to support and accelerate the signing of a Free Trade Agreement between Viet Nam and the European Free Trade Association, which includes Iceland, Norway, Switzerland and Liechtenstein, to help advance trade and investment ties between Viet Nam and Iceland. — VNS

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