Prime Minister Anthony Albanese has concluded his first official visit to Vietnam, where he and Vietnamese Prime Minister Minh Chinh discussed expanding bilateral cooperation on climate, energy and the environment.
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Albanese made a new Australian commitment of $105 million focused on enabling Vietnam to increase its uptake of clean energy and clean energy infrastructure and to update its mining law to attract foreign investment to develop Vietnam’s critical minerals resources.
He said this would help build a two-way partnership that contributes to global emissions reductions and is fit for the economic opportunities of the future.
“I am honoured to visit Vietnam as we celebrate 50 years of relations between our nations,” Albanese said.
“Australia and Vietnam are committed to working together to meet the challenges of the future, including the climate crisis. Australia is committed to becoming a renewable energy superpower and supporting our regional partners as they transition to net zero.
“Vietnam’s economic growth is nothing short of remarkable—and I am proud that Australia has played a role with increasing trade, investment, and development assistance.
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“I look forward to continued discussions to elevate the Australia Vietnam relationship to a Comprehensive Strategic Partnership.”
