Viet Nam Prime Minister HE Pham Minh Chinh and Australian Prime Minister the Hon Scott Morrison MP, met for a productive discussion on 1 November 2021 at the UN climate conference in Glasgow (COP26).The meeting between Prime Ministers builds on a strong shared commitment to trade and investment, liberalisation and economic connectivity between Australia and Viet Nam reflected in the Plan of Action under our Strategic Partnership.Australia and Viet Nam also agree on the importance of a pragmatic, results-focused approach to climate change action, in line with each country's unique situation.Australia and Viet Nam share a rapid take-up of renewables, an active focus on adaptation and resilience, and ambitions set toward net zero, with a strong focus on practical efforts to achieve climate targets.The Prime Ministers' discussions reaffirmed Australia and Viet Nam's common energy and climate challenges, including the need to achieve ambitious climate targets while supporting energy security. Prime Minister Morrison congratulated Prime Minister Chinh on the important steps Viet Nam has taken to manage the challenges of improving energy security and access, and driving strong economic growth, while reducing global emissions.Prime Minister Chinh noted that, as a country with significant vulnerability to climate impacts, like Australia, Viet Nam is itself taking responsibility and positive action on climate change. He encouraged a closer partnership between Australia and Viet Nam to achieve mutual climate, energy security and economic goals.Prime Minister Chinh outlined steps Viet Nam had taken in developing its forward Power Development Plan (PDP8), National Strategy on Climate Change and domestic carbon market through its Environmental Protection Law, recently passed by the National Assembly of Viet Nam.Prime Minister Morrison noted Australia's technology driven approach to climate change, which included a focus on getting new energy technologies to parity with existing energy sources - or preferably even cheaper. Financial markets are increasingly seeking opportunities to invest in low-emissions technology in emerging markets. Viet Nam can and should benefit from this trend and Australia stood ready to support its energy transition interests.Australia's practical approach with global application, and its capacity to supply a range of technologies, fuels and expertise, could directly benefit countries like Viet Nam seeking opportunities to meet their growing energy needs with low-emissions solutions.Prime Ministers discussed plans to expand cooperation on the technical and regulatory reforms and new capabilities that will support the stable and efficient integration of renewable energy into Viet Nam's grid. Prime Ministers welcomed work under the newly finalised Australia-Viet Nam Enhanced Economic Engagement Strategy (EEES), to support green economy objectives and a sustainable energy transition in both countries. Under the EEES, Viet Nam and Australia will establish a dialogue in 2022 to discuss energy, minerals and mining issues that will include a focus on growing trade and investment.In the meeting, Prime Minister Chinh welcomed Australia's invitation to Viet Nam to partner with Australia under the Indo-Pacific Carbon Offset Scheme, noting that the world cannot achieve net zero emissions without offsets, including cross border offsets.Prime Ministers discussed adaptation and resilience, and the importance of nature-based solutions in addressing climate change. Prime Minister Morrison welcomed Viet Nam's commitment to planting one billion trees, and reflected on Australia's progress in protecting blue carbon ecosystems.Discussions between Prime Ministers reflected a strong commitment to closer cooperation between Australia and Viet Nam, and highlighted that climate change is a global problem in need of solutions that work across geographies and sectors, particularly in developing countries.Prime Ministers agreed to explore further opportunities to deepen cooperation in the transition to a low emissions future.H.E. PHAM MINH CHINH
Prime Minister
THE HON SCOTT MORRISON MP
Prime Minister
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