EVN has signed a deal with the General Electric of the US to co-operate in human resources development and technology application. — Photo vtv.vn

HA NOI (Biz Hub) — Electricity of Viet Nam and US conglomerate General Electric have tied up for joint development of human resources and fostering the use of technology.

They signed a memorandum of understanding in Washington D.C on July 8 on the occasion Party Secretary General Nguyen Phu Trong's visit to the US, which is expected to help the country speed up development of its energy infrastructure and cope with the rising demand for electricity.

In terms of capability development, GE will assist EVN in developing human resources through activities like leadership training for senior leaders, sharing best practices in corporate governance and practical and technical training programmes.

To facilitate development of energy infrastructure, GE will provide technologies and support for power generation equipment like high-efficiency gas turbines, large-scale steam turbines, and wind turbines.

Furthermore, both sides will work to expand the use of renewable energy in Viet Nam.

The MoU signing ceremony between EVN and GE in Washington D.C. — Photo evn.com.vn

Pham Hong Son, CEO of GE Viet Nam and Cambodia, said: "Having been in Viet Nam over the past two decades, GE is pleased to have this opportunity to be a strategic partner to EVN.

"We can use our global experience in power generation in over 170 countries, share expertise and bring training programmes to help enhance EVN's ability to meet the increasing demands of power growth in Viet Nam."

The agreement became more significant when it was formalised in the context of the 20th anniversary of diplomatic relations between the US and Viet Nam, he said, emphasising GE's commitment to Viet Nam's long-term development through its ‘company-to-country' strategy.

EVN chairman Duong Quang Thanh said: "With a common desire to develop Viet Nam's energy infrastructure, EVN and GE will keep working together to serve the electricity needs of the Vietnamese people and nation.

"In ensuring sustainable development of the power industry, we highly appreciate GE as an excellent partner to help us achieve the goals."

GE has more than 700 employees and $110 million invested in Viet Nam.

It has been working with private and State-owned enterprises on major power projects, including the upgrade of the north-south power transmission line and the development of the Bac Lieu Wind Farm in the Mekong Delta and the Tay Nguyen Wind Farm in the Central Highlands.— VNS