Addressing the conference, Japanese Ambassador to Vietnam Ito Naoki said that the loan shows the Japanese Government’s strong commitment towards Vietnam, especially in implementing Nationally Determined Contributions (NDCs), advancing climate resilience in the context of increasing climate change.
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Japanese Ambassador to Vietnam Ito Naoki delivers a speech at the conference. |
According to the Ambassador, this is not merely a financial instrument, but also a new-generation ODA initiative. Implemented for the first time, the instrument focuses on recommending and executing programs that meet Vietnam’s needs of green growth and natural disaster prevention.
Notably, the program encourages applying Japanese modern technology, such as AI, satellite-based monitoring data in order to give a boost to creative innovation, one of the new pillars of cooperation between the two countries.
The Japanese diplomat expressed expectation that the MoF, JICA, and concerned parties would soon realize the coordination mechanism, implementation road-map, and put modern technology into use in order to accelerate green growth, augment natural disaster prevention ability, and technology development in Vietnam.
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Tran Quoc Phuong, Deputy Minister of Finance speaks at the conference. |
At the conference, Vietnamese Deputy Minister of Finance Tran Quoc Phuong affirms: “Pursuing green growth goals and climate resilience’s ability has already become a crucial agenda in the context where the world is facing environmental degradation, climate change, and finite resources scrutiny. These severely affect every country’s sustainable development.”
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Delegates attend the conference. |
“The loan worth 50 billion JPY for the green transformation program aiming at green growth and climate resilience is approved by the governments of both countries and is slated to be signed in March 2026. This is a highly important result, with the aim of realizing the commitment of senior leaders in the two countries in boosting 'new-generation ODA' collaboration, expressing the true spirit of concessional loan terms, simpler and more flexible procedures, financing priority sectors of the Vietnamese Government such as green transition and climate change response, and contributing to the continued development of bilateral relations in the coming period,” Phuong informed.
Translated by Linh Nhi