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US Firms Eye Clean Energy Investments in Vietnam

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Fifteen companies from the United States, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam’s clean energy infrastructure, US Undersecretary for Economic Growth and the Environment Jose Fernandez says.

Vietnam is seeking to attract chipmakers and wants to boost its renewable energy sector. However, it has so far struggled to adopt rules that would allow the expansion of its solar and onshore wind industry and the development of offshore wind farms.

Fernandez declined to name the companies because these firms had obligations to shareholders, so the investment would be conditional on regulatory progress on renewable energy in Vietnam.

Read the original story HERE.

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