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VEA extends cooperation with Australian investors

VEA extends cooperation with Australian investors - 

Hanoi, October 12, 2016, with the present of Representative of Australian Embassy in Hanoi, Mr. Tran Viet Ngai, Chairman of Vietnam Energy Association and Mr. Tony Cade, Chairman of Australian Hunter-net Business Association signed a Memorandum of Understanding (MoU) on cooperation.

Vietnam Energy Association and Hunter-net Australia Business Association sign MoU.

The aim of the MoU is to assist the activities of the two associations in canvassing support, cooperation and development of energy and industry sectors of the two countries.

Chairman of Vietnam Energy Association Tran Viet Ngai

Speaking at the signing ceremony, VEA Chairman Tran Viet Ngai said that: Vietnam Energy Association is a socio-professional organization established by the Government of Vietnam, operated in energy sector (electricity, coal, oil and gas and new & renewable energy…) including activities relating to: energy investment, construction, mechanical engineering, material and equipment business, search, exploration, exploitation, processing, storage, import and export.

VEA desires the Australian Embassy and Hunter-net to cooperate and assist Vietnam in importing a large amount of coal for its power plants, as well as in renovating technology and mechanization of coal pit mining. Besides, in its energy development process, Vietnam will need to import LNG and renewable energy technologies and equipment from Australia.

Mrs. Janelle Casey, Representative of Australian Embassy in Vietnam

Mrs. Janelle Casey, Representative of Australian Embassy told, Australia ranks No. 8 in the world in energy production, No.2 in LNG export and stands in top 3 in coal production. The current power generation mix of Australia is: 60% coal, 30% gas and 10% renewable. Vietnam and Australia are not very far geographically, so the cooperation between our countries in energy development is necessary and today MoU is an important basis for cooperation between our associations.

Chairman of Hunter-net Association Tony Cade

Chairman of Hunter-net Association Tony Cade emphasized, this is the first MoU Hunter-net signs with an association of Vietnam. The MoU signing will open a lot of opportunities for cooperation and exchanging experiences between the two sides and bring benefits to the two associations and the two countries.

ITEMS OF COLLABORATION

1. Hunter-net will promote and encourage support of Vietnam Energy Association among Hunter-net members and new businesses commencing operations or investing in the Hunter and Central Coast Regions and Vietnam.

2. Hunter-net will facilitate business connections via Hunter-net forums and projects.

3. Vietnam Energy Association will address Hunter-net members at Hunter-net facilitated events or at Hunter-net forums and vice versa where appropriate.

4. Hunter-net will promote participatio and sponsorship opportunities to Hunter-net members for Vietnam Energy Association events delegations, missions, member visitations and/or conference.

5. Vietnam Energy Association will host Hunter-ne membersif mutual opportunities arise.

6. Hunter-net will share information regarding Hunter-net member capabilities and new or developing technologies which may be relevant case studies in support of Vietnam Energy Association initiative.

7. Vietnam Energy Association will promote Hunter-net as the “peak body” in investment, economic development,support of defence, infrastructure and asset management, energy and resources and advanced manufacturing.

8. Hunter-net and Vietnam Energy Association will promote the Hunter-net/ Vietnam Energy Association partnership.

9. Hunter-net and Vietnam Energy Association will collaborate on investment technologies transfer for sectors including: energy, mining, oil and gas, and specially renewable energy.

VietnamEnergy.vn

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