The Trade Commissioner at the Australian Embassy in Vietnam made the above statement during the Vietnam-Australia Energy Roundtable 2018, organized by the Australian Government in association with Vietnam’s Ministry of Industry and Trade.

The Australian Ambassador to Vietnam addressing the meeting

Earlier, an Australian Energy delegation, including Australian government officials as well as leading engineering, procurement and construction contractors, technical and equipment suppliers, coal suppliers and end-to-end project management and commercial consulting companies, has arrived in Vietnam to seek opportunity of energy cooperation with local partners, and participate in the event.

At the meeting, the two sides share both Government and industry experiences in meeting energy development needs and challenges.

The Vietnamese side introduced the Government priorities, major energy projects in the country as well as cooperation opportunities to the Australian delegates while the Australian side showcased Australia’s expertise and capability in coal, particularly clean coal, infrastructure, consultancy, project management and technology, and innovation in renewable energy to Vietnamese government officials and representatives of relevant businesses.

According to reports from Australian delegates, Australia has good experiences in developing a fine energy supply chain with advanced solutions for coal, gas and renewable energy, as well as in running and regulating the energy market. Australia with its huge reserves of mineral and energy resources 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.

These strengths and experiences of Australia can meet Vietnam’s needs to ensure both energy security and the sustainable development of its energy industry.

In Vietnam’s power development plan, coal holds the dominant position in the energy industry and exceeds the supply capabilities of Vietnam’s domestic coal industry. The need for cheap and reliable energy to fuel economic growth means that coal will remain an important part of the energy mix for Vietnam going forward.

“Continuous improvements in mining technology, health, safety and environmental safeguards, 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,” said Mr. Shannon Leahy.

Reported by Thu Nguyen