Ministry of Industry and Trade expands cooperation in energy transition

On the afternoon of April 18, at the headquarters of the Ministry of Industry and Trade, Deputy Minister Nguyen Hoang Long received a delegation from the Green Climate Fund (GCF) and the World Bank (WB) in Vietnam to promote the implementation of the project Promoting Energy Saving in Vietnam's Industrial Sectors. Also attending was Ms. Nguyen Thi Lam Giang - Director of the Department of Innovation, Green Transformation and Industrial Promotion.

Overview of the working session

Attending the meeting, on behalf of the Green Climate Fund and the World Bank, were Mr. Hemant Mandal, Director of Asia-Pacific Region and Ms. Zayra Romo, Head of Energy and Infrastructure Department, World Bank in Vietnam...

At the meeting, Deputy Minister Nguyen Hoang Long shared Vietnam's strategic orientations in the field of improving energy efficiency and promoting green transformation, emphasizing the importance of mobilizing investment, effectively exploiting green financial resources, and guaranteeing risks to realize the set goals and ensure effective implementation.

Deputy Minister Nguyen Hoang Long received the working delegation of the Green Climate Fund and the World Bank in Vietnam.

Representative of the Green Climate Fund delegation, Mr. Hemant Mandal noted that Vietnam's development orientation is completely consistent with the GCF's support strategy. At the same time, GCF also highly appreciated Vietnam's growth potential and expressed its desire to accompany and support Vietnam to become an economic development engine of the Asian region.

GCF expects to promote cooperation through the SIBAs mechanism - a mechanism promoted by GCF to mobilize investment resources at the local level towards small and medium-sized enterprises to access green finance, thereby contributing to accelerating the green transformation and sustainable development process in Vietnam.

Working group of Green Climate Fund and World Bank in Vietnam

At the end of the meeting, Deputy Minister Nguyen Hoang Long requested the Green Climate Fund and the World Bank to continue supporting the Ministry of Industry and Trade in implementing ongoing programs and projects and studying and expanding cooperation in priority areas in Vietnam's energy transition process such as offshore wind power development, solar power, and grid connectivity with countries in the Southeast Asian region.

Thanh Binh

Source: https://congthuong.vn/bo-cong-thuong-mo-rong-hop-tac-chuyen-dich-nang-luong-383612.html