The Australian business delegation includes leading engineering, procurement and construction contractors, technical and equipment suppliers, coal suppliers and end-to-end project management and commercial consulting companies.
“Australia’s trade and investment relationship with Vietnam has been the fastest growing of all ASEAN economies over the past decade, with two-way trade and investment now standing at USD11.8 billion. Energy is one of the key sectors driving our bilateral trade. Vietnam is Australia's fifteenth largest trading partner, and Australia is Vietnam's seventh largest trading partner”, said Mr Shannon Leahy, Trade Commissioner, at the Australian Embassy.
Photo: Australian Trade and Investment Commission (Austrade) - Vietnam
The visiting delegates will showcase Australia’s expertise and capability in coal (including clean coal), infrastructure, consultancy, project management and technology, and innovation including in renewable energy, while Vietnamese partners introduce Government priorities, major energy projects, an in Vietnam and opportunities for collaboration.
Australia’s energy supply chain is well developed with advanced solutions for coal, gas and renewable energy which are in line with Vietnam’s needs to ensure both energy security and the sustainable development of its energy industry.
With large reserves of mineral and energy resources, Australia is a world-leading producer of coal, gold, iron ore and uranium, and will soon be the world’s largest Liquefied Natural Gas (LNG) exporter. For solar and wind generation, it is also ranked in the world’s top 15 countries.
“Continuous improvements in mining technology, health, safety and environmental safe guards, have ensured that Australia is an efficient and reliable producer of quality, low emissions coal. As Vietnam transitions both to cleaner coal and renewable energy solutions, Australian industry stands ready to collaborate and assist,” added Mr Shannon Leahy.
This year’s event follows a successful Australian energy forum held in 2017, where a policy dialogue was opened between the Australian Energy Regulator and the Electricity Regulatory Authority of Vietnam, assisting the nation to enhance the competitiveness and transparency of its power market, with the aim of creating a positive signal to attract investment in developing new power resources.
In the Vietnam’s power development plan, coal occupies the dominant position in the energy mix and exceeds the supply capabilities of its domestic coal industry. The need for cheap and reliable energy to fuel economic growth will ensure coal remains an important part of the energy mix for Vietnam going forward./.