Chairman of the National Assembly Vuong Dinh Hue (right) hosts a reception for Erex Chairman and Representative Director Honna Hitoshi in Ha Noi on March 11. (Photo: VNA)

At a reception for Erex Chairman and Representative Director Honna Hitoshi in Ha Noi on March 11, the top legislator noted that Erex and Viet Nam’s T&T Group signed a memorandum of understanding on cooperation in biomass energy in Viet Nam.

He said the Viet Nam-Japan extensive strategic partnership for peace and prosperity in Asia is thriving across spheres, adding that Japan continues to be Viet Nam’s leading economic partner, biggest official development assistance (ODA) supplier, second biggest investor, third biggest tourism partner and fourth biggest trade partner.

Despite the COVID-19 pandemic, the bilateral trade and economic ties have still grown, creating an important foundation for the Viet Nam-Japan cooperation to expand in all fields, the host said.

In reply, Hitoshi stressed that the Japanese government wants to help Viet Nam fulfill its target of reducing carbon emissions, saying Viet Nam has huge potential for biomass energy development which would contribute to ensuring stable electricity supply.

He told the Vietnamese leader that Erex and its Vietnamese partners studied biomass resources in 16 Vietnamese cities and provinces last month, and 19 projects with capacity of 1400MW would be rolled out in Viet Nam by 2035.

Hue affirmed that Erex’s investment plan in biomass power matches Viet Nam’s national strategy on green growth for 2021-2030, with a vision towards 2050, as well as the country’s commitment made at the 26th United Nations Climate Change Conference of the Parties (COP26).

Viet Nam is also working to complete the Power Development Plan VIII under which increasing the ratio of renewable energy, including biomass power, is taken into account.

The Vietnamese legislature always supports and facilitates sustainable and long-term investment of businesses in the country, he pledged.