VinES to receive technical assistance package from Australia

The Australian government on May 16 through its Australian Climate Finance Partnership (ACFP), administered by the Asian Development Bank (ADB), granted a technical assistance package to the VinES Energy Solutions JSC (VinES).

Tuesday, May 16, 2023 18:37

VinES to receive technical assistance package from Australia ảnh 1

Manufacturing cell battery at a factory of VinES (Photo: VNA)

Hanoi (VNA) - The Australian government on May 16 throughits Australian Climate Finance Partnership (ACFP), administered by the Asian Development Bank(ADB), granted a technical assistance package to the VinES EnergySolutions JSC (VinES).

The package aims to support the study towardspromoting the growth of lithium ion battery technology and sustainableproduction of batteries for electric vehicle in Vietnam as well as jobcreation opportunities along the supply chain.

The technical assistance package is a part of the strategic support of the ADB and the Australian government for Vietnam's transition to a low-carboneconomy. Accordingly, VinES will receive 500,000 USD from the AustralianDepartment of Foreign Affairs and Trade to help Vietnam achieve its net-zerotransition goals by 2050.

The bank and the Australian government, as a partof the ACFP, with VinES, are conducting astudy to propose solutions to such topics of developing sustainable anddiversified supply chains for production of batteries in Vietnam aligned withanticipated demand from domestic EV manufactures for such batteries;identifying best practices for environmentally responsiblerepurposing/recycling of EV used batteries; and mapping opportunities for jobcreation and upskilling of workers along the supply chain for EVs.

VinES CEO Pham Thuy Linh said the company appreciates this meaningful supportfrom the Australian government and ADB to VinES as a contribution to sustainableenergy future through understanding and tackling ongoing challenges to thelithium ion battery technology. The technical assistance also reflects therecognition of our efforts to become a global green energy solutions providerin e-mobility and clean energy sectors, contributing to Vietnam's transitionto a low carbon economy.

As lithium ion batteries play an increasinglycritical enabling role in EV and renewable energy industries, the study anddevelopment of battery supply chain and repurposing/recycling will create aprofound momentum for further growing lithium ion battery technology. The studywill also help identify job creation opportunities along the supply chain, withspecial attention paid to the consideration of worker's gender and disabilitystatus.

The technical aassistance package firmlyvalidates VinES's commitments to the clean energy future and its technicalcapabilities, as well as contributing into driving positive impacts ondeveloping sustainable energy sector and low carbon mobility in Vietnam.

ཧ Previously, the Australian government invested 50 million USD and ADB provided 950,000 USD technical assistance to VinFast in last June to promote e-mobility in Vietnam./.

VNA

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