Việt Nam’s Prime Minister Phạm Minh Chính is on a four-day trip to China, during which he held talks with leading Chinese companies in infrastructure and energy fields. Prime Minister Chính is seeking increased Chinese investment in energy in Việt Nam, especially wind power, solar power, LNG power, pump–storage hydropower and transport infrastructure developments.
On Wednesday in Kunming City, Yunnan Province, PM Chính stressed that the friendly neighbourly relations between Việt Nam and China are booming. He added that Việt Nam is actively developing policies on energy and infrastructure in line with the country’s socio-economic development and its international treaties.
PM Chính met with the Energy China Group, which is already implementing 16 projects in Việt Nam with a total investment of $2.2 billion. Discussions focused on electricity pricing mechanisms, with Energy China expressing its desire to participate in green development and low-emissions solutions in Việt Nam including LNG power, offshore wind power and transport projects.
In talks with China Railway Construction Corporation (CRCC), PM Chính welcomed CRCC’s plan of expanding investment in Việt Nam, affirming that the Vietnamese government will provide support to ensure the corporation’s successful and sustainable business in the country.
The PM asked CRCC to study and make specific proposals for its investment projects in Việt Nam, firstly the Lào Cai – Hà Nội – Hải Phòng railway project connecting with Kinming, Yunnan to implement the ‘Belt and Road Initiative’ and promoting the development of border provinces.
He also urged CRCC to participation in other major infrastructure projects in Việt Nam such as Hà Nội – Lạng Sơn, Hải Phòng – Móng Cái (Quảng Ninh) railways as well as expressway projects connecting border provinces of Việt Nam with China and the North-South Expressway.
In response, CRCC Chairman Dai Hegen said that CRCC is interested in participating in railway, urban metro and other infrastructure projects in Việt Nam.
With regard to the railway project of Lào Cai – Hà Nội – Hải Phòng connected with Kunmming and Yunnan, he said that CRCC is working with Vietnamese partners on the project’s pre-feasibility study report, ready to participate in the project. He expected procedures to be simplified so that the project can be started in December 2025.
In discussions with China Huadian Corporation, PM Chính urged the corporation to increase investment cooperation with Việt Nam in clean energy and electricity distribution.
Việt Nam is an important market for Huadian with a total investment of US$2.8 billion so far, with Duyên Hải No 2 being a major investment project of Huadian in Việt Nam. Huadian’s wind power project in Đắk Lắk is the first onshore wind power project by the company outside of China.
Huadian is seeking to increase investments in Việt Nam in wind power, green hydro, power storage, upgrading the power system and energy efficiency. The Vietnamese Government is expected to soon issue policies for the development of green energy.
PM Chính is in China to attend the 8th Greater Mekong sub-region (GMS) Summit, the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit, and the 11th Cambodia-Laos-Myanmar-Việt Nam (CLMV) Cooperation Summit.
Source: Việt Nam News, November 06, 2024.
https://vietnamnews.vn/economy/1666452/pm-works-with-chinese-energy-infrastructure-companies-to-boost-cooperation.html
PM works with Chinese energy, infrastructure companies to boost cooperation
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