The signing ceremony took place on 12/8 in Seoul during a state visit to South Korea. The Vietnam-South Korea Economic Forum, co-hosted by the Vietnamese Ministry of Finance, the South Korean Ministry of Trade, Industry and Energy (MOTIE), the Korea Chamber of Commerce and Industry (KCCI), and the Vietnamese Embassy in South Korea, focused on "Supply Chain Cooperation in a New Era."
 |
Le Nu Thuy Duong, Vice President of KN Holdings, and Heo Wook, Vice President of Global Investment at Samsung C&T (second from left), exchange the agreement. Photo: KN Holdings |
Le Nu Thuy Duong, Vice President of KN Holdings, and Heo Wook, Vice President of Global Investment at Samsung C&T (second from left), exchange the agreement. Photo: KN Holdings
The agreement outlines the joint development of three floating solar projects at the KN Srepok 3, KN Ialy Gia Lai, and KN Ialy Kon Tum hydropower reservoirs. These projects will utilize direct power purchase agreements (DPPA) to primarily supply clean energy to large consumers. The initiative aims to reduce greenhouse gas emissions, promote renewable energy use, and contribute to Vietnam's green energy transition goals.
A representative from KN Holdings stated that Samsung C&T, a subsidiary of Samsung Group, has extensive experience in developing large-scale renewable energy projects globally. The two companies will collaborate on KN Holdings' floating solar projects, implementing advanced technology to optimize investment and operational efficiency while generating clean energy.
The MOU exchange at the Vietnam-South Korea Economic Forum, a high-level event co-chaired by leaders of both countries, marks a significant step in KN Holdings' clean energy development strategy.
"This event demonstrates the new direction of energy cooperation between Vietnam and South Korea, aligning with both nations' commitments to emissions reduction and green economic development," the representative added.
 |
General Secretary To Lam and South Korean Prime Minister Kim Min Seok witness the signing of the agreement. Photo: KN Holdings |
General Secretary To Lam and South Korean Prime Minister Kim Min Seok witness the signing of the agreement. Photo: KN Holdings
The forum was attended by General Secretary To Lam, South Korean Prime Minister Kim Min Seok, and other high-ranking officials from both countries. Over 400 leading companies and more than 500 delegates from Vietnam and South Korea also participated.
Hoang Dan
