HCMC – Vietnam, Malaysia, and Singapore have signed an agreement to jointly develop and export clean energy, with Vietnam’s offshore wind power expected to play a central role in cross-border electricity supply.
The deal, signed on May 26 in Kuala Lumpur on the sidelines of the 46th ASEAN Summit, was witnessed by Vietnamese Prime Minister Pham Minh Chinh, Malaysian Prime Minister Anwar Ibrahim, and Singaporean Prime Minister Lawrence Wong.
The agreement marks a key milestone in efforts to strengthen regional energy cooperation and advance the ASEAN Power Grid vision.
Under the agreement, Malaysia’s Malaysia Energy Joint Venture (MYEC), which is formed by Tenaga Nasional Berhad (TNB) and Petroliam Nasional Berhad (PETRONAS), will partner with Vietnam’s Petroleum Technical Services Corporation (PTSC), a subsidiary of Petrovietnam, and Sembcorp Utilities Pte Ltd (SCU), a wholly-owned subsidiary of Singapore’s Sembcorp Industries Ltd.
The three parties will explore Vietnam’s renewable energy potential, particularly offshore wind, to generate clean electricity for cross-border export. They will also study the feasibility of transmitting electricity from Vietnam to Malaysia and Singapore via subsea cables connected to Peninsular Malaysia’s national grid.
This trilateral agreement represents an important step toward building cross-border green infrastructure and tapping into Vietnam’s renewable energy resources. It aims to develop a scalable model for regional clean energy cooperation in Southeast Asia, contributing to the vision of an interconnected ASEAN power grid.
