The upgraded Vietnam–Germany Energy Partnership expected to support energy transition, emissions reduction, energy-security enhancement and expanded business-to-business cooperation.
The project serves as a pilot initiative to institutionalize innovative climate finance mechanisms in support of smallholder farmers, ethnic minority communities, and youth in Vietnam’s coastal regions to adapt to the increasingly severe impacts of climate change.
According to the World Bank’s 2022 Country Climate and Development Report, climate change impacts could cost Vietnam 12–14.5% of its GDP by 2050, amounting to $400–523 billion in total losses.
Vietnam’s electric motorbike industry is undergoing a major transformation, driven by strong government support for green transportation and global efforts to reduce carbon emissions.
Guangdong enterprises are encouraged to invest in green and sustainable logistics infrastructure in Vietnam, share innovation experiences, transfer technology, and train human resources.
The northern province prioritizes selecting high-tech projects, manufacturing and processing industries, high-quality services, research and innovation, emphasizing environmental friendliness criteria, commitment to technology transfer, and linkages with domestic enterprises.