Vietnam improves regulations to advance energy transition with UK help
At the meetings of the Vietnam-UK Joint Economic and Trade Committee (JETCO) and the UK-Vietnam Free Trade Agreement (UKVFTA) Trade Committee in London recently, Vietnam called on the United Kingdom to step up support in management training, human resource development and building a sustainable renewable energy supply chain.
UK businesses expressed strong interest in partnering with Vietnam in renewable energy, a Vietnamese news agency reported.
With strong UK support through the Just Energy Transition Partnership and other initiatives, Vietnam is gradually improving its regulatory framework, drawing on international expertise, experience and investment to advance its energy transition towards the goal of net-zero emissions by 2050. UK businesses are keen on partnering with Vietnam in renewable energy.
The 14th JETCO meeting discussed and agreed on a wide range of practical areas for cooperation, including agriculture, healthcare, banking and finance, renewable energy, the promotion of bilateral trade and investment, education, and capacity building.
The BP Group and Vietnam's T&T Group signed a memorandum of understanding to promote e-mobility through a battery-swapping ecosystem for electric motorbikes.
The United Kingdom is Vietnam's third-largest export market in Europe now.
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