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    USTDA EXPANDS COMMITMENT TO VIETNAM'S POWER SECTOR MODERNIZATION


    August 1, 2022 - States News Service

     

      The following information was released by the Trade and Development Agency:

      Today, the U.S. Trade and Development Agency announced it has awarded a grant to the National Power Transmission Corporation of Vietnam (NPT) for technical assistance to advance the deployment of smart grid technologies in Vietnam. NPT selected Connecticut-based Actionable Strategies LLC to perform the assistance.

      "For more than 25 years USTDA has partnered with Vietnam on wholistic energy sector solutions to advance the country's dynamic economic growth," said Enoh T. Ebong, USTDA's Director. "U.S. companies are leading innovators of information technology and power transmission solutions, and they are eager to partner with Vietnam on this important project."

      The project, which builds upon previous collaborative efforts between USTDA and NPT, will support Vietnam's efforts to leverage advanced information technology and enterprise solutions to support the country's rapidly growing energy needs. These improvements will also facilitate disaster and pandemic planning at an enterprise level to ensure that NPT can maintain high-quality utility provision to its clients during extreme events.

      "Vietnam values its important partnership with USTDA. Our cooperation has strengthened the efficiency and reliability of our power sector, which is essential to Vietnam's economic growth and the prosperity of our people. We thank USTDA for its support of our priorities and look forward to successful outcomes where we all can benefit," said Vice Minister Dang Hoang An of Vietnam's Ministry of Industry and Trade.

      This project advances the goals of USTDA's Global Partnership for Climate-Smart Infrastructure and aligns with the Administration's priorities to advance sustainable energy growth in the region under the Clean EDGE Asia initiative.

      (Pictured: USTDA Country Manager Tanvi Madhusudanan announces USTDA support for NPT at the U.S.-Vietnam Energy Security Dialogue)

      ###

      The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

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