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REGULATION | Cesar Tordesillas, Vietnam

Holland to invest more in Vietnam's power sector

More Dutch power projects in Vietnam.

According to Minister for Foreign Trade and Development Cooperation Lilianne Ploumen this is a probability as Holland expressed its desire to increase cooperation with Vietnam especially in energy.

Prominent among Holland’s projects in Vietnam are the $2.1 billion Mong Duong thermal power plant and the $410 million Phu My 3 power plant.

Deputy PM Hai said while Vietnam has diverse sources of energy, it considers oil and gas, coal and power industries the main pillars of the nation’s energy security.

Vietnam welcomes outside partners to participate in the sustainable development of the energy sector, on the basis of long-term, effective and mutually- beneficial cooperation, he said.

PetroVietnam called for investors in oil and gas exploration and exploitation, oil processing, renewable energy development and energy saving.

Holland, in recent years, has emerged to become one of the EU leading investors in Vietnam.

By the end of October, the country had 172 projects worth 5.88 billion USD, ranking 11th out of 96 countries and territories investing in Vietnam.

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