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.
Both parties will collaborate across several key areas, including sustainable urban development, modern infrastructure, environmentally friendly industries, among others.