HCMC – Australia has provided a A$75 million financing facility for projects in Vietnam as part of efforts to support the country’s green transition, according to the Australian consul general in HCMC.
“Through Export Finance Australia, we have provided an A$75 million on-lending facility to VPBank to finance sustainable and critical infrastructure projects across Vietnam,” said Sarah Hooper, Australia’s Consul General in HCMC.
Speaking at the Vietnam–Australia Green Transition Forum 2026 on April 9, Hooper said the funding, arranged through Export Finance Australia and on-lent via VPBank, targets sustainable and critical infrastructure.
Australia is also deploying programs such as Aus4Growth and Aus4Innovation, which support economic reform, digital transformation and clean energy collaboration.
In agriculture, Australian-backed projects are using satellite data and artificial intelligence in the Mekong Delta to reduce chemical use and increase yields. These projects have cut more than 193,000 tons of CO2 emissions and created thousands of jobs, according to Hooper.
The Vietnam–Australia Green Transition Forum 2026, organized by the Australian Alumni Business Network (AABN) with support from the Australian Consulate General and partners, brought together policymakers, businesses, investors and researchers from both countries.
The event comes as Vietnam enters a new phase of shifting toward low-carbon, innovation-driven growth, while Australia’s Southeast Asia Economic Strategy to 2040 identifies Vietnam as a priority partner in areas such as clean energy and sustainable agriculture.
Vietnam has committed to net-zero emissions by 2050, while its Power Development Plan VIII prioritizes renewable energy and storage and outlines a phaseout of coal-fired power by mid-century.
