The partnership aims to establish a scalable and replicable model for non-intermittent renewable energy, which will be able to develop in off-grid areas, including offshore islands.
If approved and implemented effectively, this policy could see at least 80% of gasoline-powered ride-hailing motorbikes replaced with electric ones within the next two years.
Ireland's 41 projects in Vietnam, with a total investment capital of $60.82 million, represent a modest presence compared to the potential of both sides.
The target mentioned during talks between General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and President of Ireland Michael Higgins.