According to Nikkei Asia, Vietnam is “struggling” to create renewable energy sources due to increasing pressure on the country’s ports and energy resources. This is because Vietnam has large shipments of electronics and clothing as well as increasing manufacturing, and it is important for the US to develop this trade zone to bypass the Chinese market.
But for this, Hanoi needs funds for the development of “green” energy, for which the US government’s Export-Import Bank Exim will give loans to the country for companies exporting products related to renewable energy, climate and infrastructure.
It is important for the United States to produce renewable energy in the country without collapsing its energy infrastructure and losing logistics momentum, as the production also increases Vietnam’s shipments to the United States as exporters move their goods through Vietnam in response to the trade war between Beijing and Washington. . U.S. imports from Vietnam have roughly doubled in the past five years, according to the U.S. Bureau of Economic Analysis.
Source: Ferra
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