Asialink Business CEO Leigh Howard
The timing couldn’t be better for Australian businesses to tap into opportunities arising from Vietnam’s green economy sector. As part of its Just Energy Transition Partnership (JETP), Vietnam aims to generate 47 percent of its power from renewable energy by 2030. Its recently approved National Power Development Plan implementation roadmap confirms the country’s commitment to decarbonisation by significantly diversifying its energy sources and their transmission via new grid infrastructure.
The signing of a landmark Comprehensive Strategic Partnership between Australia and Vietnam last month, combined with the announcement of the Australian Government’s $2 billion Southeast Asia Investment Financing Facility, means Australian businesses now have unprecedented access to substantial opportunities.
The Australia-Vietnam Green Economy Summit, April 15-16, in Vietnam, which includes participation by Australia’s Assistant Minister for Climate Change and Energy, Senator Jenny McAllister, provides a pivotal opportunity for over 150 business leaders to hear from 20 industry leaders from Australia and Vietnam to explore commercial opportunities and advance areas for collaboration.
Asialink Business CEO Leigh Howard believes this is a golden opportunity for Australian businesses to participate in Vietnam’s clean energy transition.
“Australian businesses are well positioned to capitalise on the growing opportunities in Vietnam’s decarbonisation journey, especially in the realms of clean energy and sustainable infrastructure. We have a rare opportunity to utilise Australian expertise and capabilities to reshape our economic ties in the sector through investment, the export of equipment, technology and services, and the development of future skills and knowledge,” Leigh Howard remarked, highlighting the potential for collaboration.
Howard further commented, “The strategic ties between Australia and Vietnam, particularly through recent initiatives like the Southeast Asia Investment Financing Facility, open vast avenues for businesses to invest and grow in Vietnam. It’s a clear signal for Australian enterprises to actively engage and seize the opportunities in Vietnam’s rapidly evolving energy sector.”
Tindo Solar CEO Richard Petterson, who will speak at the Summit, said that Australia’s innovation in renewable energy has much to offer Southeast Asia. Petterson said the Summit would provide a “stake in the ground” for Australian providers to showcase their expertise in Vietnam and help foster a sustainable future for the region.
“Solar represents a substantial opportunity for Australian companies, and Tindo Solar is proud to be at the forefront of this venture, contributing to Vietnam’s clean energy future by exporting our solar panels. Our commitment to providing high-quality, Australian-made solar solutions aligns perfectly with Vietnam’s growing demand for renewable energy, positioning Australian businesses as key players in fostering sustainable development and bilateral trade.”
Peter Dwyer, CEO Comtest Laboratories, a recent participant in the Australia-Vietnam Green Economy Academy, highlighted the potential for growth in the Vietnamese market, “Vietnam’s dedication to energy efficiency presents a significant opportunity for collaboration and innovation in compliance testing,”
“Our recent initiatives in Vietnam aim to bridge the gap in energy efficiency compliance, ensuring products not only meet but exceed the required standards,” Dwyer remarked, emphasising Comtest Laboratories’ role in promoting sustainable practices.
Australian business leaders seeking to unlock commercial opportunities in Vietnam have been invited to take part in the Summit. They will convene in Vietnam to engage with leading Vietnamese executives to explore potential business partnerships and access high-level Australian and Vietnamese government representatives.
The Summit is a cornerstone event within the Australia-Vietnam Green Economy Program, an initiative led by Asialink and Climateworks Centre, with support from the Department of Foreign Affairs and Trade.
For more information on the Australia-Vietnam Green Economy Program or how Australian businesses can engage with Vietnam, please visit:
https://asialinkbusiness.com.
The Australia-Vietnam Green Economy Summit will be held at the InterContinental Saigon, Vietnam on April 16, with pre-summit activities on April 15.
About Asialink Business
Since 2013, Asialink Business has helped thousands of Australian organisations and professionals seize opportunities in Asia.
As Australia’s National Centre for Asia Capability, we equip leaders, entrepreneurs and employees with the insights, capabilities, and connections to succeed across Asia. Asialink Business offers commercially focused solutions. We enable organisations to optimise their business with Asia by providing customised country, market, and industry-specific support.
Asialink Business is supported by the Department of Industry, Science and Resources. It is part of the Asialink Group hosted by the University of Melbourne.
To find out more visit www.asialinkbusiness.com.au
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