On May 19, Vietnam signed an agreement of a loan of USD 20 million with France for 5th phase of the program “Supporting to response to climate change”.

On May 19, Vietnam signed an agreement of a loan of USD 20 million with France for 5th phase of the program “Supporting to response to climate change”. The agreement was signed by Mr. Jean-Noël Poirier – French Ambassador to Vietnam, Mr. Truong Chi Trung – Deputy Minister of Finance of Vietnam, and Mr. Rémi Genevey – Director of French Development Agency (AFD) in Vietnam.

 

This program aims to support the Government of Vietnam in prevention and control of negative impacts of climate change, and to enhance development of low-carbon economy. According to an announcement from the French Embassy in Ho Chi Minh City, the financial support will be determined based on discussion results on approved policies and reforms.

Beside financial assistance, AFD also commits to support the Government of Vietnam technical issues such as: determining targets on efficient energy saving and use in steel sector; preparing an action plan on energy efficiency in buildings of Da Nang City. Moreover, this organization also support to hold workshops to share experience related to monitoring public expenses related to climate change and renewable energy.

Climate change adaptation is one of strategic orientations of AFD in Vietnam. Only 2006-2014 period, AFD sponsored 16 climate change projects with the total cost of Euro 471 million. At the present, total amount of ODA (Official Development Aid) of AFD for Vietnam has been up to Euro 1.6 billion with 79 projects. 

(monre.gov.vn)