business

Mitsubishi pulls out of Vinh Tan 3 coal project in Vietnam

4 Comments
By Aaron Sheldrick

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Sometimes pulling out is simply the best strategy.

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Quote: "In September, Vietnam said it planned to ramp up solar and wind power generation capacity, to boost the share of renewables in its power mix to 15% to 20% by 2030, and to 25% to 30% by 2045, from a tenth now."

Well done, Vietnam! We need the Japanese government to declare a similar kind of commitment.

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Chinese engineering companies will be happy to take over the project, so what is the point?

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Chinese engineering companies will be happy to take over the project, so what is the point?

I think Koreans will take over as the Vietnamese government has been ignoring Japanese businesses in recent years to only host business events with Koreans. When Suga visited and left Vietnam within 1-2 days, Vietnam prioritized the hosting of Korean-Vietnamese businesspeople as there has not been any Japanese event of such in 2020.

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