Vietnam, RoK enhance energy cooperation

09:07 | 02/08/2017 Industry

Vietnam and the Republic of Korea (RoK) boast huge potential cooperation in energy development, especially clean energy, said a RoK expert.

vietnam rok enhance energy cooperation
A speaker at the forum - Photo: vcci-hcm

Yeo Sungku, Director of the Energy Valley Enterprise Development Institute (EVEDI), made the statement at a Vietnam-RoK investment forum held by the Vietnam Chamber of Commerce and Industry’s Ho Chi Minh City Branch (VCCI-HCM) on July 17.

He said that RoK’s energy industry possesses strengths in clean energy production and high-quality technologies while Vietnam’s demand for energy is high and will be on the rise. Therefore, boosting cooperation between Vietnam and RoK enterprises in the field will help create an energy supply-demand chain to serve the development of both countries, he added.

Talking about advantages of RoK energy firms, Director of BA Energy Company Choi Jiwon said RoK businesses have not only paid attention to producing energy but also seeking solutions to maximise energy saving.

Developing technologies, materials and equipment using natural and renewable power for sustainable development is a priority of RoK firms in their cooperation plans with Vietnamese counterparts, he noted.

VCCI-HCM Director Vo Tan Thanh said Vietnam is looking for solutions for energy efficiency and environmentally-friendly energy, which are advantages of RoK companies, to ensure sufficient supply and environmental protection. Vietnam and RoK have jointly launched cooperation programmes in thermoelectricity, renewable energy, nuclear energy and energy saving in recent years, he said.

Strengthening partnership between Vietnamese and RoK enterprises will contribute to lifting up value and sustainability of their trade and economic ties, Thanh added.

Theo VNA