HANOI: Vietnam Deputy Prime Minister Tran Hong Ha has emphasised the important role of banks and financial mechanisms in green energy transition projects when he welcomed the visit by Japan Bank of International Cooperation (JBIC) managing director Tanimoto Masayuki.
During the reception, Ha said Vietnam and Japan have promoted cooperation within bilateral and multilateral frameworks related to just energy transition.
In particular, the Asia Zero Emission Community (Azec) initiative includes many directions and contents of cooperation that the two sides have set out, deployed and achieved many positive results.
Ha said Azec and the Just Energy Transition Partnership (JETP) are initiatives to realise the agreement reached at the 26th United Nations Climate Change Conference
“Now, countries around the world including the most developed are in the testing phase of reducing gas emissions and using 100% renewable energy sources.
“For a just energy transition, developed and developing countries should increase support for each other in terms of financial mechanisms and technology,” Ha noted.
Emphasising some common goals of Azec and JETP, the Deputy Prime Minister appreciated the feasibility of the Azec mechanism with many specific solutions.
For his part, Tanimoto Masayuki said JBIC has cooperated and provided loans for partners in Vietnam. It has also been supporting many Japanese businesses in implementing investment and cooperation activities abroad, including Vietnam. — Viet Nam News/ANN
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
