A Memorandum of Understanding on renewable energy cooperation was signed between the State Agency on Renewable Energy Sources of Azerbaijan and Vietnam’s ROX Group JSC at the First Vietnam-Azerbaijan Business Council and Business Forum, Azerbaijani Energy Minister Parviz Shahbazov said on X, Report informs.
On the eve of the 3rd session of the Intergovernmental Commission in Hanoi, the First Vietnam-Azerbaijan Business Council and Business Forum was held with the participation of the Vietnamese Deputy Minister of Industry and Trade Nguyen Hoang Long, the Export and Investment Promotion Agency of Azerbaijan the Small and Medium Business Development Agency of Azerbaijan, the Vietnam National Entrepreneurship Association, and business circles from both countries.
"Entrepreneurs were invited to engage in information exchange on the investment climate in Azerbaijan and Vietnam, economic zones, industrial parks, high technologies, agriculture, hydrocarbons, and renewable energy; to organize mutual business missions; to take advantage of existing opportunities; to establish joint ventures; and to invest in specific projects," Shahabazov wrote on X.
Within the framework of the forum, five cooperation documents were signed, including the aforementioned memorandum on renewable energy cooperation.