Asialink and the Climateworks Centre are spearheading a new initiative that opens avenues for Australian businesses to engage in green economy investment and trade opportunities in Vietnam. The initiative focuses on areas such as renewable energy resources and sustainable development to support net-zero emissions.
Climateworks, formed through a collaboration between Monash University, the Australian government, and the Myer Foundation, joins forces with Asialink, established in 1989 through a partnership between the Australian government’s Commission for the Future and the Myer Foundation.
Launched in early October, the Australia-Vietnam Green Economy Program, supported by the Australian Department of Foreign Affairs and Trade, aims to facilitate collaboration and development between the Australian and Vietnamese governments and businesses in the green economy.
The program involves the release of five briefing papers, accompanied by a series of roundtable discussions and webinars spanning seven months. These sessions provide insights into the opportunities and challenges associated with realizing the shared ambition of Vietnam and Australia for a transition to a clean energy economy.
The program will conclude with a summit in Ho Chi Minh City in April.
Leigh Howard, CEO of Asialink Business, a unit of Asialink, emphasized that the Australia-Vietnam Green Economy Program reflects their commitment to sustainable business partnerships, mutual growth, and a shared vision for a greener future.
Howard stated, “This initiative embodies the spirit of collaboration, bridging two nations with a common goal of sustainability and economic prosperity. It’s a testament to what can be achieved by combining our strengths and working toward a better future.”
In June 2023, the Australian government unveiled a AUD$105 million (US$68.9 million) aid package for sustainable infrastructure planning and private investment in clean energy infrastructure in Vietnam.
Vietnam’s focus on its long-term net zero target is making it an increasingly appealing destination for investment. The 2023 National Electricity Development Plan underscores the nation’s commitment to developing electricity sources and expanding transmission grids to meet growing energy demands.