Strengthening Vietnam-US Economic Ties

During a significant meeting in Hanoi, the Party leader of Vietnam warmly welcomed Nate Franklin, the founder and CEO of Pacifico Energy (PE), highlighting the firm's substantial contributions to Vietnam's renewable energy sector and the broader Vietnam-US partnership. The leader emphasized the importance of the US as one of Vietnam's key economic partners and the opportunities presented by the Comprehensive Strategic Partnership framework between the two nations.

Vietnam's Vision for Sustainable Growth

The Party chief outlined Vietnam's ambitious goals of becoming an upper-middle-income country by 2030 and a developed, high-income nation by 2045. He stressed the country's commitment to facilitating investment through institutional reforms and achieving net-zero emissions by 2050. A stable and clean energy supply is deemed essential for Vietnam's economic expansion, with the government refining its legal framework to attract energy investments.

Encouraging Technological Collaboration

Encouraging closer collaboration between PE and Vietnamese enterprises, the leader emphasized the importance of technology transfer and capacity building in enhancing Vietnam's expertise in wind and renewable energy. This partnership is seen as a cornerstone for sustainable economic growth and strengthening ties between the US and Vietnam.

PE's Commitment to Vietnam's Renewable Energy

Nate Franklin expressed PE's commitment to advancing surveys and project development in Vietnam, particularly in offshore wind power, to support the country's pursuit of double-digit economic growth. He praised Vietnam's efforts to improve its business climate and the strong support from local authorities for US investors, highlighting PE's successful projects in Vietnam as a testament to the growing Vietnam-US Comprehensive Strategic Partnership.