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Hanoi, January 26 (Reuters) – A visiting U.S. official said Friday that 15 semiconductor companies have expressed interest in investing $8 billion in Vietnam, conditional on the country’s commitment to renewable energy.
Jose Fernández, the State Department’s undersecretary for economic growth, energy and environment, said the investments are conditional on the development of Vietnam’s renewable energy regime, as these companies have obligations to their shareholders.
“Currently, 15 semiconductor companies have said they are willing to invest as much as $8 billion in this industry in Vietnam,” he said at a press conference in Hanoi when asked if American companies would like to invest. Ta. Vietnam.
However, he added that both companies face constraints to investing in Vietnam, especially stressing that the country needs to improve its regulatory regime for renewable energy.
“They have promised their shareholders and customers that they will only use renewable energy,” he said, adding that they are waiting for the permitting and regulatory regime in Vietnam to be in place before proceeding with their investment plans.
(Reporting by Francesco Guaracio; Editing by Martin Petty)
((khanh.vu@thomsonreuters.com; +84 24 38259623;))
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