Ministry of Planning and Investment Portal

MPI Minister Nguyen Chi Dung (right) and JBIC Governor Tadashi Maeda. Photo: MPI

Minister Dung spoke highly of the Vietnam-Japan partnership and the positive support from JBIC for many effective projects in Vietnam.

Regarding Vietnam’s commitments at the 26th United Nations Climate Change Conference (COP26) in reaching net-zero emission by 2050, as a developing country with high demand for energy but limited access to technology and resources, achieving net-zero emissions by 2050 is a challenge for Vietnam. However with the cooperation from foreign partners and developed countries, including Japan, Vietnam will accomplish the goal.

The host asked Japan in general, and JBIC particular to support Vietnam when the country is transiting to clean energy, coal power, solar power, wind power, hydro-electricity and implementing National Power Development Plan VIII.

The minister also asked JBIC’s help in access to preferential finance resources and green finance; technology transfer in the field of Vietnam’s demand; human resource training; management experience for Vietnam to have stable and power source.

For his part, Tadashi Maeda highly valued the achievements of Vietnam in COVID-19 combat and socio-economic recovery and development. He lauded strong commitments and actions by Vietnam and said the country achieved remarkable economic growth, towards becoming a developed and high-income country.

He affirmed that JBIC wants to cooperate and accompany Vietnam; the bank has coordinated with Foreign Investment Agency to organize seminar on attracting investment in the energy sector.

JBIC stands ready to provide preferential policies to help Vietnam realize its goals and continue to closely coordinate with Vietnamese agencies, including the MPI to make practical contributions to beef up the Vietnam-Japan Extensive Strategic Partnership for peace, prosperity in Asia and substantive and effective development./.