Deputy Prime Minister Tran Hong Ha visits Denmark: Opportunities for cooperation in renewable energy

On November 25, Deputy Prime Minister Tran Hong Ha worked with leaders of leading Danish corporations on cooperation in developing the maritime transport and green energy industries.

Deputy Prime Minister Tran Hong Ha and the Government delegation took a souvenir photo with leaders of the Confederation of Danish Industry (DI). (Source: VNA)

During his visit to Denmark, on November 25, Deputy Prime Minister Tran Hong Ha and the Government delegation worked with leaders of leading Danish corporations such as AP Moller-Maersk - the world's leading shipping and logistics enterprise, the Confederation of Danish Industry (DI); attended a roundtable dialogue with a number of Danish enterprises and worked with CIP Group, which is currently investing in an offshore wind power project in Vietnam.

At the headquarters of the world's leading shipping group AP Moller-Maersk, Deputy Prime Minister Tran Hong Ha and the group's leaders discussed cooperation opportunities to promote sustainable development of the shipping industry in Vietnam.

With more than 100 years of presence in Vietnam, Maersk highly appreciates the development potential of this market and wishes to actively contribute to the country's industrialization and modernization process.

Mr. Vincent Clerc, CEO of Maersk, commented that Vietnam is a promising market with many attractive investment opportunities, especially in the field of building modern, deep-water container ports and strategic logistics projects.

Maersk representatives also emphasized the group's strong commitment to developing green shipping, aiming for zero net greenhouse gas emissions by 2040. Maersk is actively investing in new technologies, using renewable energy sources and promoting automation to improve operational efficiency and protect the environment.

On the Vietnamese side, Deputy Prime Minister Tran Hong Ha affirmed that developing the marine economy is one of the Government's top priorities. Appreciating Maersk's efforts in transforming its business model towards a green and sustainable direction, the Deputy Prime Minister emphasized that Maersk's development strategy is in line with Vietnam's orientation towards building a green, sustainable and smart marine economy. He expressed his desire to cooperate with Maersk to develop modern and smart seaports to enhance the competitiveness of the economy.

During the meeting, the two sides had in-depth discussions on specific cooperation opportunities. Maersk expressed its desire to invest in green energy projects in Vietnam, including research and development of green fuel sources such as hydrogen and ammonia, and building energy infrastructure to serve seaports and green ships.

In addition, the group is also committed to expanding investment in the logistics sector, focusing on developing a multimodal transport system, effectively connecting different types of transport such as railways, inland waterways and coastal routes. To support Vietnamese businesses, Maersk will strengthen cooperation, share experiences and seek solutions to overcome difficulties, creating favorable conditions for Vietnamese businesses to participate deeply in the global supply chain.

At the working session with the Confederation of Danish Industry (DI), the two sides focused on new cooperation opportunities, especially in the fields of renewable energy and digital transformation, to promote economic cooperation between the two countries.

Deputy Prime Minister Tran Hong Ha emphasized that the cooperation between Vietnam and Denmark has achieved many remarkable achievements. The presence of Danish enterprises in Vietnam is increasing, with a total investment capital of up to 2 billion USD. He highly appreciated Denmark's development model, especially the transition from a resource-based economy to a knowledge-based economy.

Vietnam is considered a potential market with many attractive investment opportunities. With a large population, a growing middle class and a strong commitment to the green energy transition, Vietnam is becoming an ideal destination for foreign investors, including Danish businesses.

Danish companies attending the Roundtable, including Vesta, Blue Water Shipping, Lego, Pandora, Orana, AP Moller Holding and Carlsberg, expressed great interest in investing in renewable energy projects in Vietnam, especially offshore wind power. Vietnamese companies such as the National Oil and Gas Group, Electricity of Vietnam, and Vietnam National Shipping Lines also expressed their desire to cooperate with Danish partners to implement these projects.

Deputy Prime Minister Tran Hong Ha assigned the Ministry of Industry and Trade to urgently review and adjust the Power Plan 8 to increase the proportion of renewable energy, and at the same time requested businesses of the two countries to strengthen cooperation, share experiences and transfer technology to develop effective green energy projects.

To attract more Danish investors, Deputy Prime Minister Tran Hong Ha affirmed that Vietnam will continue to improve the investment and business environment, complete the legal framework and create favorable conditions for businesses to operate. He believes that with the joint efforts of both sides, the Vietnam-Denmark cooperation relationship will grow stronger in the coming time.

In December 2023, the Vietnam Federation of Commerce and Industry (VCCI) signed a Letter of Intent on cooperation with DI on green transformation, gender equality and human resource training, aiming to provide timely support to businesses of the two countries in areas of interest to Vietnam and Denmark's strengths such as green transformation, renewable energy development, offshore wind power, digital transformation, circular economy, and sustainable development.

Speaking to VNA reporters, Ms. Kinga Szabo Christensen, member of the DI Senior Management Board, said that the decision of the Confederation of Danish Industry to open a representative office in Ho Chi Minh City not only affirms Vietnam's position as a key market but also opens up new and promising cooperation opportunities.

Danish companies such as LEGO and Pandora have chosen Vietnam to set up large-scale manufacturing plants. The LEGO factory in Binh Duong, with a production capacity of millions of products per year, has become a symbol of successful cooperation between Vietnam and Denmark. Meanwhile, the Pandora factory in Vietnam has made an important contribution to supplying products to the global market.

The success of these projects shows that Vietnam is becoming an ideal manufacturing location, with competitive costs, abundant human resources and attractive incentive policies.

On the evening of November 25, Deputy Prime Minister Tran Hong Ha had a working session with Ms. Christina Sørensen, co-founder and Executive Chairman of CIP Group, one of the world's leading offshore wind power developers.

The meeting focused on cooperation opportunities to develop renewable energy sources in Vietnam, especially offshore wind power. Ms. Christina Sørensen shared that CIP has a lot of experience in investing and developing renewable energy projects globally. The group currently manages 11 investment funds with a total value of about 25 billion euros, focusing on wind energy projects, solar energy, and other green energy solutions.

In Vietnam, CIP is carefully studying the potential for offshore wind power development in Binh Thuan province. However, she also expressed her hope that Vietnamese authorities will soon complete the legal framework, creating more favorable conditions for foreign investors to survey and develop these projects.

Deputy Prime Minister Tran Hong Ha highly appreciated CIP’s experience and contributions to the global renewable energy sector. He said the Vietnamese Government is very interested in developing clean and sustainable energy sources and is committed to creating a favorable investment environment for investors.

To promote the development of offshore wind power in Vietnam, Deputy Prime Minister Tran Hong Ha said the revised Electricity Law has created a new legal framework, creating more favorable conditions for renewable energy projects. The government is also preparing to issue decrees to address issues related to sea allocation for wind power projects.

Deputy Prime Minister Tran Hong Ha asked CIP to closely coordinate with Vietnamese ministries and sectors to transfer technology, develop planning, ensure national defense and security, and build a suitable power transmission system. He also encouraged CIP to study the possibilities of exporting electricity or producing green hydrogen and green ammonia from offshore wind power projects.

The presence of Danish companies in Vietnam, especially in the renewable energy sector, opens up promising cooperation opportunities. With their experience and advanced technology, Danish companies are actively contributing to Vietnam’s energy transition.

The development of green energy projects not only brings economic benefits but also contributes to the sustainable development goals of both countries. The common vision of Vietnam and Denmark is to build a clean, efficient and safe energy future.

This cooperation is not only limited to offshore wind power but also extends to many other fields, creating new opportunities for both sides./.

Source: https://baolangson.vn/pho-thu-tuong-tran-hong-ha-tham-dan-mach-co-hoi-hop-tac-ve-nang-luong-tai-tao-5029720.html