Hanoi (VNA) – Party General Secretary To Lam on March 14 suggested US-based Pacifico Energy (PE) further expand its cooperation and investment in Vietnam, including new energy transition projects, while expediting ongoing initiatives.
Hosting PE founder and CEO Nate Franklin in Hanoi, the Party leader praised PE’s contributions to Vietnam’s renewable energy sector and the broader Vietnam-US partnership.
He affirmed that the US is one of Vietnam's most important economic partners, and the Comprehensive Strategic Partnership framework between the two countries is creating new opportunities and space for US businesses to invest and operate in the Southeast Asian nation
The Party chief reiterated Vietnam’s vision of becoming an upper middle-income country with a modern industrial base by 2030 and a developed nation with high income by 2045. To achieve these goals, Vietnam is committed to facilitating investment through institutional reforms. The country also remains steadfast in its pledge to reach net-zero emissions by 2050.
He noted that a stable and clean energy supply is essential for Vietnam’s economic expansion. The government has been refining its legal framework to encourage energy firms to invest in the country, catering to domestic demand and the broader Southeast Asian market.
ꦚ Lam also encouraged closer collaboration between PE and Vietnamese enterprises in technology transfer and capacity building to enhance the nation’s expertise in wind and renewable energy.
Party General Secretary To Lam suggests US-based Pacifico Energy (PE) further expand its cooperation and investment in Vietnam, including new energy transition projects, while expediting ongoing initiatives. (Photo: VNA)
For his part, Franklin said Vietnam holds vast potential for offshore wind power, adding the group is committed to advancing surveys and project development to support the country's pursuit of double-digit economic growth.
Franklin praised Vietnam’s efforts to improve its business climate and acknowledged the strong support from local authorities for US investors. He highlighted PE’s successful projects in Vietnam as a testament to the growing Vietnam-US Comprehensive Strategic Partnership and expressed confidence that they will pave the way for increased American investment.
🎉 He pledged further investment in offshore wind and renewable energy to drive the nation’s sustainable economic growth and strengthen ties between the two nations./.
The research and development of technology in Vietnam's wind and solar power sectors are being actively encouraged and supported, according to a recently issued government decree.
The 18th International Exhibition on Electrical Technology & Equipment (Vietnam ETE) and Products of Energy Saving & Green Power (Greenergy Expo) 2025 will take place in Ho Chi Minh City from July 16-18, showcasing the latest advancements in electrical technology, energy-saving products, and green power solutions.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
