Business

Vietnam, Australia to sign MOU on energy, mineral cooperation

Wednesday, March 06, 2024, 13:29 GMT+7

Vietnam, Australia to sign MOU on energy, mineral cooperation — Vietnam’s Prime Minister Pham Minh Chinh speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Photo: Reuters

HANOI -- Vietnam and Australia will sign a memorandum of understanding on energy and mineral cooperation during an ongoing visit to Melbourne by Vietnamese Prime Minister Pham Minh Chinh, Vietnam's Ministry of Industry and Trade said on Wednesday.

The deal will further facilitate Australia's exports of coal and liquefied natural gas to Vietnam, the ministry said in a statement, noting that Australia is now a key coal supplier to Vietnam, accounting for 44% of its total coal imports.

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