PM proposes more US financial support for clean energy and climate change response | Business

Hanoi (VNA) – Prime Minister Pham Minh Chinh had a meeting with Director General of the US International Development Finance Corporation (DFC) Scott A. Nathan on May 12 (US time) as part of his trip to the United States. United.

During the talks, Prime Minister Chinh suggested that based on the positive cooperation results achieved so far, DFC will continue to support Vietnam in areas such as green transition, circular economy, energy renewables, the response to climate change, digital transformation and the fight against climate change.
aftermath of war – including the consequences of Agent Orange and the search for the remains of the martyrs, as well as the promotion of development in the new period.

The Vietnamese prime minister also offered to promote cooperation in the sustainable development of the Mekong River against the backdrop of rising sea levels, to improve the material and spiritual lives of people in the region.

Along with existing mechanisms, the Prime Minister hoped that the two sides will explore and implement new cooperation mechanisms with countries in the region, including financial incentives in infrastructure development.

Prime Minister Pham Minh Chinh (R) meets with US International Development Finance Corporation (DFC) CEO Scott A. Nathan on May 12 (US time) as part of his trip to the United States (Photo: VNA)

Vietnam is a developing country that still has to deal with the lasting consequences of war, and it would benefit from DFC’s provisions for loans at preferential interest rates and flexible procedures – including financial incentives for small and medium-sized enterprises, PM Chinh mentioned.

He said both sides should choose key projects with a “ripple effect”, such as regional connectivity projects, to help achieve the greatest efficiency of capital employed.

Appreciating the potential and prospects of economic cooperation with Vietnam, the CEO of DFC said that many cooperation projects between the two sides have been carried out very efficiently and in the coming times, DFC is looking forward to promote cooperation in the areas of climate change response, renewable energy, development of the Mekong region and financing inclusive development.

On this occasion, Prime Minister Chinh attended the presentation of the DFC grant worth 70 million USD to Fulbright University in Vietnam./.

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