Promoting Renewable Energy and Electric Vehicles in Vietnam: Insights from Prime Minister Pham Minh Chinh’s Visit to China
On August 31, 2025, Vietnamese Prime Minister Pham Minh Chinh engaged in significant discussions in Tianjin, China, focusing on advancing Vietnam’s renewable energy initiatives and encouraging investments from prominent Chinese corporations. His meetings with key figures from China Huadian Corporation, Yadea Group Holdings Ltd., and China Design Group Co. Ltd. highlighted Vietnam’s ambitious growth strategy and commitment to sustainable development.
Renewable Energy Development
During his meeting with Peng Gangping, the Chairman of China Huadian Corporation, Prime Minister Chinh emphasized Vietnam’s significant potential for developing renewable energy. The nation is rich in resources suitable for wind, solar, and hydropower—an advantageous foundation for achieving its target of 8% economic growth in the current year and aiming for double-digit growth in the following years.
Chinh acknowledged Huadian’s remarkable contribution to Vietnam’s energy sector, with investments that have already surpassed $2.8 billion. He urged further collaboration in areas such as technology transfer, management practices, and mobilization of investments. Specifically, Chinh called for advancements in wind power, hydropower storage, and innovative hydrogen power projects, alongside initiatives to develop local human resources through training partnerships.
Pioneering Electric Vehicle Manufacturing
In another impactful meeting with Wang Jiazhong, Senior Vice President at Yadea Group Holdings Ltd., the conversation centered around the development of electric vehicles (EVs) in Vietnam. Yadea, recognized as a global leader in electric two-wheeled vehicles, plans to construct a vast electric vehicle plant in Bac Giang province, which will span approximately 230,000 m² with a capacity of 2 million units annually.
Prime Minister Chinh underlined Vietnam’s ongoing economic restructuring towards green and circular models and encouraged Yadea to enhance its investment strategy through technology transfer and localization initiatives. He proposed a creative “petrol-to-electric motorbike swap” program designed to make greener vehicles more accessible to the Vietnamese populace, promoting the establishment of charging station networks throughout the country.
Expanding Infrastructure Collaboration
The Prime Minister also held discussions with Yang Weidong, Chairman of China Design Group Co. Ltd. (Huatie), focusing on enhancing Vietnam’s infrastructure through comprehensive design consultancy. Chinh praised Huatie’s expertise in various infrastructure sectors—including road, rail, waterway, and aviation—lifting hopes for their continued involvement in Vietnam’s infrastructure development.
A highlight of the discussions was the signing of a Memorandum of Understanding (MoU) on comprehensive cooperation between Huatie and Vietnam’s Deo Ca Group. The Prime Minister urged the group to partake actively in pivotal infrastructure projects, such as the Cao Bang–Lang Son expressway, which will significantly improve regional connectivity and economic viability.
Additionally, Chinh called for Huatie’s engagement in financial markets, particularly in connection with Vietnam’s planned International Financial Centre set to be established in Ho Chi Minh City and Da Nang. Strengthening financial mechanisms will be pivotal in supporting infrastructure development and investment strategies.
A Strategic Mission
The backdrop of these productive meetings was Prime Minister Pham Minh Chinh’s attendance at the Shanghai Cooperation Organization (SCO) Summit 2025. His visit to China is not only a diplomatic mission but also a strategic move to foster deeper international relations that can elevate Vietnam’s status in regional and global markets.
Through these dialogues, Vietnam is poised to enhance its renewable energy landscape, promote electric mobility, and bolster its infrastructure, paving the way for sustainable and inclusive economic growth. As the nation steps confidently toward a greener future, collaborative efforts with influential Chinese firms will be instrumental in realizing these ambitious goals.