Pacifico Energy participates in the largest U.S. delegation to Vietnam

Pacifico Energy participates in the largest U.S. delegation to Vietnam

From March 18-21, 2024, Mr. Pham Quoc Anh, General Director of Pacifico Energy and Ms. Mary Tarnowka, Senior Advisor, represented Pacifico Energy to attend the Business Delegation organized by the American Business Council - ASEAN (USABC) held in Hanoi.

This is the largest U.S. business delegation to Vietnam after the two countries upgraded their relationship to a Comprehensive Strategic Partnership.

The delegation includes 50 leading U.S. companies, operating in many fields such as technology, energy, aerospace and defense, manufacturing, agriculture and food, financial services, healthcare, and private investment funds.

Within the framework of the business trip, the delegation met with senior Vietnamese officials and ministries and branches. Including important meetings with Prime Minister Pham Minh Chinh, Chairman of the National Assembly Vuong Dinh Hue, Minister of Planning and Investment Nguyen Chi Dung, Minister of Industry and Trade Nguyen Hong Dien, Minister Ministry of Information and Communications Nguyen Manh Hung, Deputy Minister of Public Security Lieutenant General Luong Tam Quang, Deputy Head of the Central Economic Commission Nguyen Hong Son, Deputy Minister of Transport Le Anh Tuan, Deputy Governor of the State Bank Vietnam Pham Tien Dung, Deputy Minister of Culture, Sports and Tourism Ho An Phong, Chairman of Vietnam Electricity Group Dang Hoang An...

Participating in the delegation, Pacifico Energy representatives brought the message that a leading U.S. renewable energy corporation in Vietnam is aiming to expand investment here, in order to realize the Comprehensive Strategic Partnership (CSP) U.S.-Vietnam Strategy. Clean energy is increasingly becoming a requirement not only for the semiconductor industry but also for advanced manufacturing and multinational companies in general. Expanding investment in renewable energy in Vietnam will help promote energy security, create the necessary infrastructure to attract high-quality investment, and support sustainable development goals for Vietnam's net emissions.

In particular, at the meeting with Prime Minister Pham Minh Chinh, Pacifico representatives expressed their appreciation for the Prime Minister's instructions and continuous support to create a favorable legal environment for renewable energy projects creation, including allowing direct Power Purchase Agreement mechanisms between private companies and capital-mobilizing Power Purchase Agreements with Vietnam Electricity.

In addition, Pacifico representatives proposed creating a favorable legal environment to attract and maintain investment in the field of renewable energy.

In addition to Pacifico, U.S. companies are also committed to long-term cooperation and support of Vietnam's ambitious goals such as digital transformation, green transformation to achieve zero emissions goals and enhance the position of Vietnam, position in the global supply chain through infrastructure, workforce and production development.
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