Vietnam bolsters cooperation with European Investment Bank in green energy projects
Deputy Prime Minister Tran Hong Ha affirmed that Vietnam has always placed great importance on and is committed to further strengthening its relationship with the EU and enhancing cooperation with the EIB.
Deputy Prime Minister Tran Hong Ha (R) and Vice-President of EIB Nicola Beer at their meeting in Hanoi on March 13 (Photo: VNA)
Hanoi (VNA) - The European Investment Bank (EIB) will continue to share its experience with Vietnamese partners in mobilising green financial resources, building incentive mechanisms, and providing innovative financial solutions to support renewable energy, emission reduction, and climate change adaptation projects, its Vice-President Nicola Beer affirmed on March 13.
At a meeting with Deputy Prime Minister Tran Hong Ha in Hanoi, she shared that during their working visit to Vietnam, the EIB delegation met and worked with leaders from the State Bank of Vietnam, the Ministry of Industry and Trade, the Ministry of Finance, and the Vietnam Electricity Group to discuss preferential loans for green energy projects under the Just Energy Transition Partnership (JETP) framework.
Deputy Prime Minister Tran Hong Ha, Vice-President of EIB Nicola Beer and officials pose for a group photo at the meeting. (Photo: VNA)
In the coming time, the bank will focus on promoting preferential loans for green infrastructure and green energy projects, supporting the green transition, decarbonisation, and emission reduction for small- and medium-sized enterprises (SMEs).
Ha affirmed that Vietnam has always placed great importance on and is committed to further strengthening its relationship with the EU and enhancing cooperation with the EIB.
He appreciated the bank's proposal regarding credit loans for Vietnam's energy projects aimed at implementing the JETP, particularly offshore wind power projects and smart grid initiatives.
ꦺ The Deputy PM also informed the EIB Vice-President about green projects that the bank can consider for credit support, such as reducing emissions in agricultural production, notably a project on developing 1 million hectares of high-quality and low-emission rice in association with green growth in the Mekong Delta region by 2030, and building urban and high-speed railways./.
Prime Minister Pham Minh Chinh proposed the bank and Vietnam sign a new-generation official development assistance (ODA) agreement with a larger financial scale, more preferential interest rates, simpler procedures, and less stringent conditions.
The partnership will take advantage of the European bank’s Greening Financial Systems (GFS) technical assistance programme to strengthen Vietnam’s financial sector for climate investments.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
