Vietnam National Oil Imitation Group calls on the World Bank to provide support, including capital, to assist green energy projects, especially offshore wind power projects.

On Tuesday (December 17th), the Chairman of Vietnam National Oil Imitation Group, Le Mengxiong, proposed this suggestion during a meeting with the World Bank's Country Directors for Vietnam, Cambodia, and Laos, Mariam Sherman.

Li Mengxiong stated that Vietnam National Oil Imitation Group will expand beyond its traditional oil and gas business scope and carry out activities involving CCS CCUS、LNG、 Clean energy sources such as hydrogen and green ammonia; And new activities in renewable energy such as offshore wind power.

Mariam Sherman stated that the World Bank is seeking to collaborate with Vietnam National Oil and Gas Group on joint activities, including renewable energy.

She added that the bank has invested in education, healthcare, energy, transportation, water resources, agriculture, urban development, digitization, and climate change adaptation in Vietnam.

Due to the emerging nature of offshore wind power in Vietnam and the incomplete legal framework, there are currently no offshore wind power projects in Vietnam. The Vietnamese Ministry of Industry and Trade is drafting a pilot mechanism for offshore wind power. Due to the close relationship between this industry and national defense and security, the Ministry of Industry and Trade plans to only allow state-owned enterprises to participate in this industry.

According to Vice Premier Chen Honghe's conclusion on piloting offshore wind power, Vietnam National Oil and Gas Group (PVN) and Vietnam State Power Company (EVN) are studying two offshore wind power projects.