It is expected that the loan, worth ¥50 billion, will be fully disbursed by December this year

The Government of Vietnam  and the Japan International Cooperation Agency
(JICA) on March 30 signed an agreement, under which Japan will provide an ODA
loan, worth ¥50 billion,  for the Program
for Green Transformation toward Green Growth and Climate Resilience, according
to the Government News.

The agreement was signed by Vietnamese Deputy Minister of
Finance Tran Quoc Phuong and Chief Representative of JICA Vietnam Office
Kobayashi Yosuke.

The objective of the Program is to support the Government of
Vietnam to promote green growth and green transformation and to strengthen
climate resilience through policy dialogue and financial support, thereby
contributing to promoting the economic stabilization and development efforts of
the country.

This project focuses on three pillars:

(1) Development of institutional frameworks for fiscal and
investment incentives to promote GX and green growth;

(2) Policy formulation for the Nationally Determined
Contributions (NDC)  implementation;  and

(3) Promotion of climate change adaptation measures.

Through financial support, the project aims to facilitate
improvements in policies related to advancing climate change measures.

It is expected that the loan will be fully disbursed by
December this year.

VGP-Van Nguyen