The Government of Vietnam and the Japan International Cooperation Agency (JICA) on March 30 signed an agreement, under which Japan will provide an ODA loan, worth ¥50 billion, for the Program for Green Transformation toward Green Growth and Climate Resilience, according to the Government News.
The agreement was signed by Vietnamese Deputy Minister of Finance Tran Quoc Phuong and Chief Representative of JICA Vietnam Office Kobayashi Yosuke.
The objective of the Program is to support the Government of Vietnam to promote green growth and green transformation and to strengthen climate resilience through policy dialogue and financial support, thereby contributing to promoting the economic stabilization and development efforts of the country.
This project focuses on three pillars:
(1) Development of institutional frameworks for fiscal and investment incentives to promote GX and green growth;
(2) Policy formulation for the Nationally Determined Contributions (NDC) implementation; and
(3) Promotion of climate change adaptation measures.
Through financial support, the project aims to facilitate improvements in policies related to advancing climate change measures.
It is expected that the loan will be fully disbursed by December this year.
Google translate