VIETNAM ASEAN HYDROGEN CLUB (VAHC) AND HYDROGEN EXCHANGE GROUP (HX GROUP) SIGN MEMORANDUM OF UNDERSTANDING TO ACCELERATE HYDROGEN MARKET DEVELOPMENT IN VIETNAM AND THE ASEAN REGION
Abu Dhabi, UAE / Vietnam, November 10, 2025 – The Vietnam ASEAN Hydrogen Club (VAHC) and the Hydrogen Exchange Group (HX Group) have officially signed a Memorandum of Understanding (MoU), marking a significant step towards accelerating the commercialization of hydrogen and clean fuels in Vietnam and Southeast Asia.
This strategic partnership combines VAHC’s regional network, investment reach, and government relationships with HX Group’s commercial architecture, proprietary pricing frameworks, and global ecosystem expertise. The shared objective is to establish HX’s Asian base of operations (“HX Asia”) in either Vietnam or Singapore, enabling the development of scalable, investable hydrogen markets across the region.
Under the framework of collaboration, VAHC and HX Group will jointly undertake initiatives including:
- Supporting HX Group in establishing its regional headquarters in Vietnam or Singapore.
- Developing commercial and financing frameworks for hydrogen deployment.
- Co-hosting events, investment promotion programs, and knowledge-sharing sessions.
- Co-creating policy papers, reports, and advisory outputs to strengthen the region's hydrogen ecosystem.
- Collaborating with the Government of Vietnam to develop a national hydrogen ecosystem initiative that integrates policy, commercial, and investment frameworks.
Mr. Le Ngoc Anh Minh, Chairman of VAHC, stated: "Partnering with HX Group, a globally recognized leader in hydrogen commercialization, underscores our commitment to positioning Vietnam and ASEAN as a central hub for clean energy. We are confident that connecting VAHC's network with HX's technological platforms and commercial expertise will unlock a powerful wave of investment and project development."
Mr. Clayton Kingman, Chief Executive Officer of Hydrogen Exchange Group, emphasized: "The ASEAN region, with Vietnam as a key player, holds immense potential to become a dynamic hydrogen market. Through our partnership with VAHC, we aim to contribute to the growth of the local hydrogen ecosystem with our advanced commercial and pricing solutions, helping to de-risk and bankroll viable hydrogen projects."
The MoU is effective for an initial period of two (02) years and reflects the preliminary commitment of both parties. Specific commercial arrangements and projects will be detailed in separate, binding agreements.
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About Vietnam ASEAN Hydrogen Club (VAHC):
The Vietnam ASEAN Hydrogen Club (VAHC) is a business association dedicated to fostering the growth of the hydrogen industry in Vietnam and the ASEAN region. Through its member network and strategic partnerships, VAHC aims to build a sustainable and prosperous hydrogen ecosystem.
Address: Unit 101, Royal Kim Son Building, 112 Nguyen Van Huong Street, An Khanh ward, Ho Chi Minh City, Vietnam
Website: www.vahc.com.vn
Email: contact@vahc.com.vn
About Hydrogen Exchange Group (HX Group):
Hydrogen Exchange Group (HX Group) is a pioneering consortium providing comprehensive commercialization solutions for the hydrogen and clean fuel market. With proprietary platforms such as the OptiHX® pricing mechanism, HX Group connects producers, offtakers, and investors, creating transparent and efficient trading structures that drive the development of the global hydrogen economy.
Address: Smart Station, First Floor, Incubator Building, Masdar City, Abu Dhabi, UAE.
Website: www.hydrogenexchange.io
Email: info@hxgroup.io
Keywords: #VAHC #HydrogenExchange #HXGroup #Hydrogen #CleanEnergy #ASEAN #Vietnam #MoU #HydrogenEconomy #Singapore
