The Deputy Prime Minister assessed Energy China Group as one of the leading energy enterprises in China and the world ; and noted that it has implemented several projects in Vietnam as a general contractor or project investor.
According to the Deputy Prime Minister, the green energy transition process faces many challenges and difficulties. China has grasped the trend and is rapidly developing the transition from fossil fuels to green energy. Meanwhile, Vietnam has enormous potential in renewable energy (solar power, wind power). Many technological problems need to be solved when increasing the proportion of renewable energy, such as: ensuring the safety and stability of the national power grid; producing green hydrogen from renewable energy to replace fossil fuels; and energy storage equipment…
The Deputy Prime Minister expressed his hope that Energy China Group would share and apply new technologies and techniques in projects implemented in Vietnam, or make specific proposals on the development of smart grids, pumped-storage hydropower, and energy storage to increase the proportion of renewable energy at a reasonable cost.
Thanking the Deputy Prime Minister for taking the time to meet, Mr. Qiao Xubin stated that Vietnam is a very promising market with many investment and business opportunities for Energy China Group.
Reporting to the Deputy Prime Minister on some of the group's key achievements in the recent period, Mr. Qiao Xubin said that Energy China Group is piloting a project combining renewable energy with pumped-storage hydropower plants to produce hydrogen from renewable energy.
Leaders of Energy China Group also shared and expressed interest in projects developing smart grids; reducing grid losses; building wind power plants, pumped-storage hydropower plants, and energy storage plants; and converting coal-fired and gas-fired power plants towards carbon neutrality…
Later that afternoon, Deputy Prime Minister Tran Hong Ha received Mr. Andrew Goledzinowski, the Australian Ambassador to Vietnam, and leaders of Corio Generation; he also heard a report on the progress of the pilot offshore wind power project with Generation Corporation 3 (Genco3) of Vietnam Electricity Group.
Highly appreciating the proactive and positive efforts of Corio Generation and Genco 3, the Deputy Prime Minister noted that, along with the project implementation process, the relevant parties need to "simultaneously work and refine" mechanisms and policies on direct power trading, electricity pricing, transmission grid construction solutions, capacity determination to ensure grid stability and balance, and capital mobilization plans…
"This can be considered a key project, contributing to promoting and expanding the comprehensive strategic partnership between Vietnam and Australia, and helping Vietnam realize its plan to implement the Just Energy Transition Agreement (JETP)," the Deputy Prime Minister said.
Stating that Vietnam wants to develop its wind power industry, the Deputy Prime Minister suggested that, along with investment, Corio Generation should focus on supporting and transferring technology; and diversifying its partners in Vietnam.
Thanking the Deputy Prime Minister for taking the time to meet, Australian Ambassador to Vietnam Andrew Goledzinowski expressed confidence that in 2024, the bilateral relationship between Australia and Vietnam will be elevated to a new level.
Ambassador Goledzinowski mentioned that another pillar of cooperation in bilateral relations is the green energy transition – an area that has been strengthened between Australia and Vietnam in recent times. Several Australian businesses are very interested in building offshore wind farms, as Vietnam has enormous potential for developing this type of infrastructure.
The leaders of Corio Generation Company believe that the implementation of offshore wind power projects should not stop at building technical infrastructure but also include training personnel for operation, research, and technology transfer; they also propose mechanisms and policies to facilitate investors in the renewable energy sector.
Corio Generation (2012) is a subsidiary of Macquarie Group, primarily engaged in offshore wind power development. Currently, the company manages one of the world's largest offshore wind power portfolios, with over 30 GW already operational in several countries including the UK, Norway, and Sweden.
Notably, Corio Generation has been involved in the research and development of several renewable energy projects in Vietnam since 2019. Simultaneously, as a member of the Glasgow Financial Alliance for Net Zero Emissions (GFANZ), Corio Generation is currently collaborating with several partners to mobilize resources for energy transition projects in Vietnam.
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![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
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