The project will increase Vietnam’s wind power capacity by 30%, helping the country meet rapidly growing demand for energy.

The fund will enable the construction of two onshore wind power plants that will generate about 170 million kilowatt hours of clean energy per year.

Vietnam and Laos agreed to speed up the negotiation for the revision of the Vietnam – Laos Trade Agreement signed in 2015, with the target of completing it this year.

The Berlin conference brings together key stakeholders in the global energy transition.

The partnership between the two companies would partly contribute to the country’s energy transition.

Developing renewable energy sources are a priority of the National Power Development Plan VIII.

According to experts, the dominant energy technology in the future will be energy storage devices, solar panels, clean hydrogen and wind energy. The advantages of these energy sources are being clean, available in nature, not causing pollution and not running out.

All projects honored this time are those that have been evaluated in terms of stability, efficiency, as well as contributing to environmental protection and creating jobs.

Many tech firms in Silicon Valley are exploring opportunities of moving their production chains of electronic products to Vietnam, stated a representative of the US – ASEAN Business Council.