General Secretary suggests US energy group expand investment in Vietnam

On the afternoon of March 14, General Secretary To Lam received Mr. Nate Franklin, founder and Chairman of Pacifico Energy (PE) Group, USA.

The General Secretary welcomed and highly appreciated the practical and effective contributions of PE Group as well as Mr. Nate Franklin personally to Vietnam's development in the field of renewable energy and Vietnam - US relations.

The US is one of Vietnam's leading economic partners, and the framework of the Vietnam-US Comprehensive Strategic Partnership is creating new space and opportunities for US businesses to invest and do business in Vietnam, according to the General Secretary.

General Secretary To Lam received Mr. Nate Franklin, founder and Chairman of Pacifico Energy Group (Photo: VNA).

At the reception, the General Secretary shared the vision and determination of the Party, State and people of Vietnam to realize the development goal of becoming a developing country with modern industry and high middle income by 2030 and a developed country with high income by 2045.

The Party and Government of Vietnam will continue to create favorable conditions, including institutional reform, for domestic and foreign investors to do business effectively in Vietnam.

Vietnam will continue to commit to the goal of achieving net zero emissions by 2050, according to the General Secretary.

The General Secretary emphasized that to achieve those growth targets, Vietnam needs a stable source of electricity, especially clean electricity.

The Vietnamese Government and ministries and sectors have actively completed the legal framework so that energy corporations have a basis to invest in Vietnam, thereby meeting the growth needs of not only Vietnam but also the Southeast Asian region.

General Secretary To Lam received Mr. Nate Franklin, founder and Chairman of Pacifico Energy (PE) Group, USA (Photo: Thong Nhat - VNA).

The General Secretary suggested that PE Group continue to expand cooperation and business investment in Vietnam, including new energy conversion projects, and speed up the implementation of projects in progress.

In addition, the General Secretary also suggested that PE Group strengthen cooperation with enterprises in Vietnam, promote technology transfer, support and share experiences with Vietnamese partners to improve capacity and level in developing wind energy and renewable energy.

Speaking at the meeting, Mr. Nate Franklin affirmed that Vietnam has great potential to develop offshore wind power and that PE Group is currently promoting the survey and construction of offshore wind power projects in Vietnam to help Vietnam achieve its double-digit growth target in the coming time.

Mr. Nate Franklin emphasized that the success of PE's projects in Vietnam is the most concrete proof of the Vietnam - US Comprehensive Strategic Partnership and hopes that this will be the foundation to attract more US businesses to invest in Vietnam.

The Chairman of PE Group pledged to continue investing more in wind power and renewable energy in Vietnam to contribute to promoting Vietnam's rapid and sustainable economic growth as well as contributing to the development of Vietnam - US relations.

Dantri.com.vn

Source: https://dantri.com.vn/xa-hoi/tong-bi-thu-de-nghi-tap-doan-nang-luong-my-mo-rong-dau-tu-tai-viet-nam-20250314230238688.htm