Prime Minister Phạm Minh Chính and AES Permanent Executive Vice President Juan Ignacio Rubiolo in Hà Nội on October 11. VGP Photo

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HÀ NỘI — Prime Minister Phạm Minh Chính has said Việt Nam welcomes and encourages renewable and green energy projects of the US-based AES Corporation and capable, prestigious partners in the Southeast Asian country.

At a reception in Hà Nội on Tuesday for AES Permanent Executive Vice President Juan Ignacio Rubiolo, PM Chính hailed the corporation for its constructive policy recommendations for Việt Nam, especially in green and clean energy to contribute to energy transition and the goal of carbon neutralisation in the country by 2050.

He suggested development partners fund Vietnamese companies at reasonable interest rates, improve management capacity and workforce training, and join the global value chain, particularly in the transfer of renewable energy technology, towards building and developing a renewable energy equipment manufacturing industry.

The Vietnamese Government would continue to support the AES Corporation's projects to ensure their sustainable success and effectiveness, he said.

Rubiolo, for his part, agreed with the PM’s views on energy development in Việt Nam, especially an inclusive, sustainable, comprehensive and affordable approach to energy transition.

Speaking highly of Việt Nam’s impressive growth amid the global slowdown, he expressed his hope on Việt Nam’s development prospects and business opportunities with the Government’s efforts to improve the investment environment, including piloting regulations on direct power purchasing agreements.

Rubiolo said Việt Nam could lead the region in the energy transition process. The AES would continue its long-term operations in Việt Nam to help the country fulfil its zero-transmission goal by 2050, contributing to building an independent and self-reliant economy, including in terms of energy and improving its capacity in coping with external shocks like the current global energy crisis, he said.

As one of the top 500 US companies voted by Fortune Magazine and one of the world’s leading energy enterprises, the AES has experience in electricity production and distribution, and infrastructure in the gas industry. It has been operating in Việt Nam since 2010. — VNS