Vietnam, RoK enhance energy cooperation

Monday, 2017-07-17 11:15:30
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NDO/VNA – Vietnam and the Republic of Korea (RoK) have huge cooperation potential for energy development, especially clean energy, said a RoK expert.

Yeo Sungku, Director of the Energy Valley Enterprise Development Institute (EVEDI), made the statement at a Vietnam-RoK investment forum held by the Vietnam Chamber of Commerce and Industry’s Ho Chi Minh City Branch (VCCI-HCM) on July 17.

He said that RoK’s energy industry possesses strengths in clean energy production and high-quality technologies while Vietnam’s demand for energy is high and continually rising.

Therefore, boosting cooperation between Vietnam and RoK enterprises in the field will help create an energy supply-demand chain to serve the development of both countries, he added.

Discussing the advantages of RoK energy firms, Director of BA Energy Company Choi Jiwon said RoK businesses have not only paid attention to producing energy but are also seeking solutions to maximise energy saving.

Developing technologies, materials and equipment using natural and renewable power for sustainable development is a priority of RoK firms in their cooperation plans with Vietnamese counterparts, he noted.

VCCI-HCM Director Vo Tan Thanh said Vietnam is looking for solutions to energy efficiency and environmentally-friendly energy sources, which are advantages of RoK companies, to ensure sufficient supply and environmental protection.

Vietnam and RoK have jointly launched cooperation programmes in thermoelectricity, renewable energy, nuclear energy and energy saving in recent years, he said.

Strengthening partnership between Vietnamese and RoK enterprises will contribute to increasing the value and sustainability of their trade and economic ties, Thanh added.