Vietnam mobilizes over $7 bln for Just Energy Transition

By VNA
Wed, July 9, 2025 | 10:38 pm GMT+7

Vietnam has so far mobilized more than $7 billion for its Just Energy Transition agenda under the Political Declaration on the Just Energy Transition Partnership (JETP).

A wind power plant in Duyen Hai township, Vinh Long province (formerly part of Tra Vinh province). Photo courtesy of VNA.

A wind power plant in Duyen Hai township, Vinh Long province (formerly part of Tra Vinh province). Photo courtesy of VNA.

The information was unveiled at a coordination meeting in Hanoi on Tuesday between Vietnam’s JETP Secretariat, International Partners Group (IPG), the Glasgow Financial Alliance for Net Zero (GFANZ), and other stakeholders.

The event was co-chaired by Deputy Minister of Industry and Trade Nguyen Hoang Long and representatives from the European Union and the UK.

Delegates reviewed the progress made since the JETP Secretariat's standing agency moved under the Ministry of Industry and Trade. Efforts were noted in institutional reforms, policy support, and project pipeline development to align with JETP’s guiding principles.

Three energy infrastructure projects have already secured funding from the IPG, including a EUR 67 million credit deal to build a 500 kV power transmission line through Ho Chi Minh City and Dong Nai province; a EUR480 million credit package for Bac Ai pumped storage hydropower project in Khanh Hoa province; and a EUR65 million loan for upgrades to Tri An hydropower plant.

An additional 21 projects are under review, bringing the total to 24 projects identified as JETP-eligible, requiring estimated funding of $7.04 billion.

Partners reiterated their commitments to support Vietnam in achieving a fair, inclusive transition toward net-zero emissions by 2050. They also welcomed reforms to streamline project selection and pledged to work closely with the government to match projects with suitable funding sources.

Comments (0)
  • Read More
Thailand hopes to conclude US trade talks before new deadline

Thailand hopes to conclude US trade talks before new deadline

Thailand is optimistic that it can finalize a trade deal with the U.S. before the August 1 deadline to avoid a 36% tariff imposed by President Donald Trump, according to Finance Minister Pichai Chunhavajira.

Southeast Asia - Wed, July 9, 2025 | 10:34 pm GMT+7

Southeast Asia seeks additional tariff negotiations with US

Southeast Asia seeks additional tariff negotiations with US

Southeast Asia's biggest economies are preparing to intensify trade negotiations with the U.S. after being subjected to steep tariff rates, despite having made a series of last-minute proposals aimed at increasing imports and significantly reducing tariffs on U.S. goods.

Southeast Asia - Wed, July 9, 2025 | 10:31 pm GMT+7

Foreign capital massively flows into banking, securities stocks

Foreign capital massively flows into banking, securities stocks

Foreign investors net bought for the sixth consecutive session on the Vietnamese stock market Wednesday, to the tune of nearly VND2,000 billion ($76.5 million), focusing on banking and securities stocks.

Finance - Wed, July 9, 2025 | 10:17 pm GMT+7

Four new container terminals to be built in northern Vietnam economic hub

Four new container terminals to be built in northern Vietnam economic hub

Prime Minister Pham Minh Chinh has granted in-principle approval for the development of four new container terminals at Lach Huyen Port in the northern city of Hai Phong.

Infrastructure - Wed, July 9, 2025 | 5:36 pm GMT+7

Sausage mogul eyes $5 bln green energy, cattle project in northern Vietnam

Sausage mogul eyes $5 bln green energy, cattle project in northern Vietnam

Mai Huy Tan, who founded and later sold the popular Duc Viet sausage brand, has proposed a $5 billion circular economy complex in Quang Ninh province, northern Vietnam.

Industries - Wed, July 9, 2025 | 5:14 pm GMT+7

Northern Vietnam urban-tourism project Cat Ba Amatina has new investor

Northern Vietnam urban-tourism project Cat Ba Amatina has new investor

Hanoi Anpha Real Estate Exchange Co., Ltd. (Hanoi Anpha) has become a major shareholder of Vinaconex ITC, the developer of the Cat Ba Amatina urban-tourism project in Hai Phong city, northern Vietnam.

Real Estate - Wed, July 9, 2025 | 2:57 pm GMT+7

Brazil’s leading food group JBS eyes turning Vietnam into global production hub

Brazil’s leading food group JBS eyes turning Vietnam into global production hub

JBS, the world’s leading food processing company, is looking to transform Vietnam into a global and regional distribution and production center.

Industries - Wed, July 9, 2025 | 9:51 am GMT+7

Brazilian-backed payment solutions firm Alterosa MK plans expansion in Vietnam

Brazilian-backed payment solutions firm Alterosa MK plans expansion in Vietnam

Alterosa MK, a joint venture between Brazil’s Alterosa Group and MK Group of Vietnam, said it expects to receive more support from the two governments for investment expansion.

Finance - Wed, July 9, 2025 | 9:00 am GMT+7

USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB

USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB

Singaporean bank UOB's updated USD/VND projections are 26,400 in Q3/2025, 26,200 in Q4/2025, 26,000 in Q1/2026, and 25,800 in Q2/2026.

Economy - Wed, July 9, 2025 | 8:41 am GMT+7

Vietnam's stock market moving toward sustainability, professionalism: exec

Vietnam's stock market moving toward sustainability, professionalism: exec

The quality of investors in Vietnam has significantly improved as more and more investors start to adopt asset management strategies and disciplined investing, instead of merely engaging in short-term trading, said Nguyen Hoang Yen, chairwoman of Mirae Asset Securities.

Finance - Tue, July 8, 2025 | 11:40 pm GMT+7

Vietnam's credit growth hits record high since 2023

Vietnam's credit growth hits record high since 2023

Vietnam’s total credit outstanding surpassed VND17.2 quadrillion (about $658.31 billion) in the first half of 2025, marking a 9.9% increase from the end of 2024 and a 19.3% rise year-on-year, the highest growth rate since 2023.

Banking - Tue, July 8, 2025 | 11:26 pm GMT+7

Foreign investors net buy for fifth consecutive session

Foreign investors net buy for fifth consecutive session

Foreign investors' transactions on the Ho Chi Minh Stock Exchange (HoSE) continued to be a highlight as they net bought for the fifth consecutive session on Tuesday, to the tune of over VND7,679 billion ($293.88 million).

Finance - Tue, July 8, 2025 | 6:08 pm GMT+7

Northern Vietnam province opens bid for $2 bln tourism-casino complex project

Northern Vietnam province opens bid for $2 bln tourism-casino complex project

Quang Ninh, a coastal province in northern Vietnam, is seeking investors for a large-scale tourism and casino complex valued at VND51.5 trillion ($2 billion) in its strategic Van Don Economic Zone.

Real Estate - Tue, July 8, 2025 | 4:37 pm GMT+7

The Investor to hold seminar on raising investor awareness towards stock market status upgrade

The Investor to hold seminar on raising investor awareness towards stock market status upgrade

The Investor and its Vietnamese-language sister Nhadautu.vn will host a seminar titled “Raising investor awareness towards stock market status upgrade” in Hanoi on July 17.

Finance - Tue, July 8, 2025 | 4:02 pm GMT+7

Many uncertainties over exchange rates: Vietnam's central bank

Many uncertainties over exchange rates: Vietnam's central bank

There are many "unknowns" with monetary policy and exchange rates in the coming time, said Pham Chi Quang, director of the State Bank of Vietnam's (SBV) monetary policy department.

Banking - Tue, July 8, 2025 | 3:53 pm GMT+7

World's largest iron ore, nickel producer wants to expand business in Vietnam

World's largest iron ore, nickel producer wants to expand business in Vietnam

Prime Minister Pham Minh Chinh has asked Vale Group, a multinational Brazilian corporation in the fields of metals, mining, and logistics, expand business in Vietnam.

Industries - Tue, July 8, 2025 | 1:52 pm GMT+7