HANOI — President Ferdinand Marcos Jr. on Monday said that a Vietnamese conglomerate is interested in entering the Philippine battery and electronic vehicle industry.
Marcos Jr. met with executives of VinGroup — one of Vietnam’s largest conglomerates — after arriving in Hanoi for a 2-day state visit.
“They will enter the Philippines because they are interested in making batteries,” the President said during his meeting with Filipinos residing in Vietnam.
“That’s the important technology today and bringing EV or electronic vehicles,” he said.
Marcos Jr. has been pushing to develop the Philippines’ renewable energy industry as he advocates to minimize the impact of climate change in coastal nations like the Philippines.
Last year, Marcos Jr. admitted that the Philippines’ transition to renewable energy has been “slow” due to the lack of infrastructure.
This, after he told other members of the Asia-Pacific Economic Cooperation (APEC) that half of the Philippines would be powered by renewables by 2040.
Source: ABS-CBN News
