On the occasion of the visit to Vietnam by the Danish Royal Family, the Vietnam - Denmark Sustainable Energy Summit will be held on November 1 in Hanoi with the participation of 36 leading Danish enterprises in the energy field. According to the International Energy Agency, Vietnam is the second-largest electricity user in Southeast Asia, which opens up major opportunities for foreign corporations to invest in its energy sector in general and renewable energy in particular.
Danish company Specter, which specializes in the production of outdoor sportswear, opened its first factory in An Giang province on September 30 after two years of design and construction. This is its third factory in Vietnam and the first Danish investment project in the province, with total investment of some $17 million.
From August 16 to 19, a Danish business delegation including 13 leading companies in the field of agriculture and food are holding working sessions in Hanoi and Ho Chi Minh City to exchange cooperative opportunities with potential partners in Vietnam. Vietnam is one of the first countries to participate in the “Strategic Sector Cooperation on Food Safety in the Pork Value Chain” (SSC) program initiated by Denmark.
According to the “Vietnam Energy Outlook Report” from the Danish Energy Agency (DEA) and the Electricity and Renewable Energy Administration of Vietnam at the Ministry of Industry and Trade and released on June 2, Vietnam holds substantial potential in green transformation but action is needed early so that emissions peak no later than 2035, to avoid excessive costs. The report also suggested that Vietnam needs to act soon to convert fuel and to electrify its transportation sector. This will have dual benefits, including reduced air pollution and less dependence on imports. It also said Vietnam is an important partner in Denmark’s transition to a green economy.
The Danish Statistical Office (Denmark Statistics) and the General Statistics Office of Vietnam (GSO) signed an agreement on November 26. Denmark will provide DKK6.5 million (about $1 million) to help Vietnam compile complete and reliable official statistics under international standards.
