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Vietnam's target of raising renewable electricity to 45 percent of the national power generation capacity by 2030 and the need for investment worth up to 14 billion USD towards this goal have created substantial opportunities for both domestic and foreign firms.
The US stands ready to support Vietnam in renewable energy development, US Special Presidential Envoy for Climate John Kerry said at a meeting with Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh in Hanoi on February 23.
Deputy Prime Minister Pham Binh Minh has approved a project in which Germany will provide EUR5 million to help Vietnam develop smart grids for renewable energy and energy efficiency.
Viet Nam encourages the Republic of Korea's businesses to expand investment in infrastructure development, renewable energy, supporting industry and food processing.
Japan's Marubeni Corporation is seeking investment opportunities in coal exports, gas production, renewable energy usage and waste water treatment in Vietnam.
Vietnam will prioritise the development of its processing, electronics-telecommunication and renewable energy industries, according to a strategy on industrial development to 2025 with a vision to 2035 approved by Prime Minister Nguyen Tan Dung.
