 The meeting between Vietnam’s JETP Secretariat and international partners, Hanoi, July 8, 2025. (Photo: VOV1/Nguyen Long) |
Delegates reviewed 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.
Deputy Minister of Industry and Trade Nguyen Hoang Long emphasized that Vietnam will continue to fine-tune regulations to facilitate investors and businesses in implementing a just energy transition.
“We have agreed on a five-step screening process, which will make it easier and more transparent to access technical and financial support from international partners, as well as to implement our JETP commitments. We also agreed to ask the COP26 Steering Committee to include newly approved energy transition projects in the resource mobilization plan,” said Mr. Long.
 Deputy Minister of Industry and Trade Nguyen Hoang Long |
Three energy infrastructure projects have already secured funding from the IPG, including a 67 million euro credit deal to build a 500kV power transmission line through Ho Chi Minh City and Dong Nai province; a 480 million euro credit package for Bac Ai Pumped Storage Hydropower Project in Khanh Hoa province; and a 65 million euro loan for upgrades to Tri An Hydropower Plant.
21 other projects are under review, bringing the total to 24 projects identified as JETP-eligible, requiring estimated funding of 7 billion USD.
Partners reiterated their commitments to support Vietnam in achieving a fair, inclusive transition toward net-zero emissions by 2050.
