On October 20, during a state visit to Denmark, General Secretary and President To Lam met leaders of major Danish companies in Copenhagen, including A.P. Moller - Maersk, LEGO Group, Carlsberg, Pandora, Copenhagen Infrastructure Partners and Vestas. He urged them to expand investment in clean energy, ports and logistics, and praised their contributions of capital, technology, governance and green development models. He also called for deeper cooperation in wind and solar power, energy storage, the broader energy industry ecosystem, R&D and higher value-added manufacturing. Vietnam pledged to refine its legal frameworks on investment, land and energy, cut unnecessary procedures, and assign clear responsibility for resolving business concerns.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Việt Nam muốn các tập đoàn Đan Mạch mở rộng đầu tư năng lượng, logistics
Read the original on VnExpress ↗
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- Top Vietnamese leader attends Việt Nam – Denmark Business Forum
General Secretary and President Tô Lâm addressed the Việt Nam–Denmark Business Forum in Copenhagen during his state visit to Denmark, attended by King Frederik X and businesses from both countries. He urged Danish firms to expand investment in Việt Nam, bringing advanced technology, innovation and green solutions, and to move from 'investing in' to 'investing alongside' local enterprises. King Frederik X noted Denmark is among Europe's largest investors in Việt Nam and pointed to potential in energy efficiency, logistics, food, biotechnology and healthcare. Tô Lâm said Việt Nam aims for double-digit growth in 2026–30 and listed priority sectors such as renewable energy, green shipping, pharmaceuticals and the circular economy, while describing the relationship as more than half a century old.
- Vietnam and Denmark Sign Wide-Ranging Energy, Logistics and Technology Cooperation Deals
On October 20, at the Vietnam-Denmark Business Forum in Copenhagen, General Secretary and State President Tô Lâm and King Frederik X witnessed the signing of 16 cooperation documents covering renewable energy, logistics, aviation and technology. Petrovietnam and Copenhagen Infrastructure Partners agreed to develop the Nam Trung Bộ 1 offshore wind project, while PTSC M&C and Semco Maritime signed a 2026-2030 strategic partnership on offshore wind substations. In logistics and aviation, Hateco and APM Terminals (Maersk) will study and develop a rail cargo terminal in Hải Phòng, Vietjet signed with Satair, and Vietnam Airlines signed MoUs with Copenhagen Airport, Danish Industry and SAS. Carlsberg also signed letters of intent to expand its Huế brewery and to make 2026-2030 investment commitments in Đà Nẵng. Tô Lâm urged Danish firms to shift from “investing in Vietnam” to “investing together with Vietnam,” deepen ties with local companies and bring research and production to Vietnam.
- Top leader calls on Danish businesses to bring advanced technology to Việt Nam
Party General Secretary and State President Tô Lâm urged Danish businesses to expand investment in Việt Nam, bringing advanced technology, innovation and green solutions and strengthening links with local enterprises. Speaking at the Việt Nam–Denmark Business Forum in Copenhagen, he said Việt Nam wants not only capital but also technology, expertise, modern management, R&D and high-quality human resources, aiming for double-digit growth in 2026–30. King Frederik X, in his welcome remarks, said Denmark is among Europe's largest investors in Việt Nam and pointed to cooperation potential in energy efficiency, logistics, food, biotechnology and healthcare. Lâm also asked the Danish government to support green finance, technology transfer and workforce training, and encouraged firms to move from 'investing in' to 'investing alongside' Việt Nam.
- Prime Minister: Power Development Must Still Keep Prices 'Reasonable for the People'
On the afternoon of 20/10, the National Assembly discussed in group sessions a draft amendment to the Electricity Law, where Prime Minister Lê Minh Hưng said large investment is needed for power development but electricity prices must stay 'reasonable for the people'. With hydropower at its limit and thermal power restricted by net-zero emissions commitments, the strategy focuses on domestic gas, LNG, solar and wind, though the PM warned that expensive LNG would push electricity prices up. The amendment also aims to simplify investment procedures, as one company spent 10 years on paperwork for an offshore wind project. Power Plan VIII for 2025-2035 has been adjusted to include about 21 LNG projects with 36,000 MW, while total installed capacity reached about 87,600 MW by end-2025. The target is 183,000-236,000 MW by 2030, and the government has directed a review and update of Power Plan VIII to ensure projects are feasible.
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Vietnam's Minister of Industry and Trade, Lê Mạnh Hùng, submitted to the National Assembly on the afternoon of October 20 a draft amendment to the Electricity Law. It would allow retail electricity to be priced by peak, off-peak and normal hours where technical conditions allow, with a roadmap for applying this to residential customers. The draft also sets out a plan to eliminate cross-subsidies between customer groups and proposes incentive pricing for renewable energy, new energy and storage systems. Nguyễn Thanh Hải, chair of the National Assembly's Committee for Science, Technology and Environment, asked that the scope and roadmap for removing cross-subsidies and electricity bill support be clarified, kept separate from direct aid to poor households, and that investment risks not be shifted to the State or the public. The committee also warned that the wording requiring full recovery of costs and reasonable profit could be read as the State guaranteeing investors' financial results.
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