On March 30 in Hanoi, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Socialist Republic of Vietnam to provide ODA financing for the Green Transition Program, which is geared toward achieving green growth and adapting to climate change.
The signing ceremony was attended by Tran Quoc Phuong, Deputy Minister of Finance of Vietnam, and Kobayashi Yosuke, Chief Representative of the JICA Vietnam Office.
Kobayashi Yosuke, Chief Representative of JICA Vietnam, attends the loan agreement signing ceremony.
The program is designed to support the Vietnamese Government in advancing green growth, facilitating the green transition, and strengthening climate resilience through a combination of policy dialogue and financial assistance. It is expected to contribute to macroeconomic stability and promote sustainable development amid the increasingly profound impacts of climate change.
Currently, more than 2,000 Japanese enterprises are operating in Vietnam, making the country one of the most attractive destinations in ASEAN for investment expansion. The participation of Japanese businesses in areas such as green transition, sustainable growth, climate change mitigation, and disaster risk reduction is expected to deliver tangible contributions to the sustainable development of both countries.
Tran Quoc Phuong, Deputy Minister of Finance, attends the loan agreement signing ceremony.
Through financial support and policy dialogue, the program focuses on three key pillars: improving institutional frameworks related to financial and investment incentives for green transition and green growth; developing policies for implementing Nationally Determined Contributions (NDCs); and promoting climate adaptation measures, thereby contributing to Vietnam’s climate response objectives.
Based on policy orientations such as the NDCs and the “National Green Growth Strategy for 2021 - 2030, with a vision to 2050,” the Government of Vietnam and JICA will develop a policy matrix aligned with these three pillars, while implementing financial support to help refine the policy framework for climate change response.
The project is expected to complete the disbursement of the loan by December 2026.
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