There are many opportunities for foreign investors to participate more deeply in developing diverse types of renewable energy in Vietnam, says Deputy Prime Minister Tran Hong Ha.

Meeting with Tao Long Zhong, founder and chairman of China’s Jiangsu New Energy Runergy Group, Ha said Vietnam intends to strongly develop diverse types of renewable energy to produce new fuels including green hydrogen and green ammonia.

“This is an opportunity for foreign investors in Vietnam to participate more deeply in developing renewable energy and new energy as well as in supporting export of energy and supply of equipment for the global market,” he told the Chinese executive.

The meeting took place Sunday, on the sidelines of the 6th China International Import Expo (CIIE) held Monday in Shanghai.

Ha emphasized that businesses operating in the field of renewable energy will have to ensure the highest quality standards, safety, environmental friendliness and maximum recycling.

Ha proposed that Jiangsu Runergy New Energy Group research and develop feasible technology solutions for solar cells, smart power transmission grids, green hydrogen production, green ammonia and storage batteries.

Zhong briefed the deputy prime minister on the progress of phase one of its $440 million project to produce silicon ingots and semiconductor discs at the Hoang Mai I Industrial Park in the central province of Nghe An.

He requested Vietnamese authorities to create favorable conditions including ensuring enough electricity to facilitate the project’s subsequent phases.

Source: TheInvestor