Tiếng ViệtVietnam has recently reached a significant agreement with Malaysia and Singapore on the export of renewable energy, marking a strategic step toward realizing the ASEAN Power Grid and strengthening sustainable energy cooperation in the region.
On the afternoon of May 26, in Kuala Lumpur (Malaysia), within the framework of the 46th ASEAN Summit and related high-level meetings, Vietnamese Prime Minister Pham Minh Chinh, Malaysian Prime Minister Anwar Ibrahim, and Singaporean Prime Minister Lawrence Wong witnessed the signing ceremony of a trilateral cooperation agreement on renewable electricity exports.
This event not only holds symbolic significance but also represents a critical starting point for trilateral collaboration. It underscores a shared commitment to establishing cross-border clean electricity trade—recognized as a key element in the sustainable energy transition in Southeast Asia.
Vietnam: The Emerging Hub of Renewable Energy in the Region
According to the agreement, Malaysia will cooperate with the PetroVietnam Technical Services Corporation (PTSC), a subsidiary of the Vietnam Oil and Gas Group (Petrovietnam), and Sembcorp Utilities Pte Ltd, a subsidiary of Sembcorp Industries (Singapore). The parties will jointly harness Vietnam’s abundant offshore wind power potential to generate clean electricity for Malaysia and Singapore, transmitted via a subsea cable connecting to Malaysia’s national grid.
In parallel, the parties will also collaborate in studying the integration of supplementary power sources and the development of energy storage systems to ensure the stability and efficiency of cross-border electricity supply.
The signing of this agreement not only aims to enhance technical connectivity but also paves the way for a replicable model of cross-border renewable energy cooperation throughout the region. This partnership is expected to serve as a foundation for the development of green energy infrastructure on a regional scale, contributing significantly to decarbonization and the energy transition in Southeast Asia.
Additionally, all parties have committed to close coordination with the respective national authorities to ensure that project approval, development, and operation processes are conducted effectively and transparently.
Towards a Flexible and Sustainable ASEAN Power Grid
The renewable electricity export agreement among Vietnam, Malaysia, and Singapore is a concrete example of efforts to realize the vision of an ASEAN power grid, where member countries can efficiently and flexibly share energy resources.
As an active member of ASEAN, Vietnam is pursuing a strategy to become the region’s renewable energy hub. This commitment is clearly reflected in its policies promoting wind and solar power, as well as its expanding international cooperation in clean energy.