Fifteen U.S. semiconductor and other companies have shown interest in investing $8 billion in Vietnam’s clean energy sector, with the investment contingent on the country’s advancements in renewable energy regulations. Vietnam is actively looking to attract investments in chip manufacturing and renewable energy, though it faces hurdles such as expanding its solar and wind power capabilities and establishing offshore wind farms.
U.S. Undersecretary Jose Fernandez, during his visit to Hanoi, highlighted the potential investments and the conditions tied to them, including the need for regulatory progress and permit acquisitions. The discussions align with the U.S.’s strategic efforts to strengthen ties with Vietnam, focusing on technology and energy sectors as part of their comprehensive strategic partnership.
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