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France backs Vietnam’s green finance drive

The Saigon Times

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HCMC – France will stand firmly behind Vietnam in advancing fair energy transition practices, helping to steer the nation toward a sustainable and environmentally responsible future, said French Ambassador to Vietnam Olivier Brochet.

He was speaking during a meeting with Vietnam’s Minister of Finance Ho Duc Phoc yesterday, December 12.

Ambassador Brochet affirmed the enduring 50-year relationship between France and Vietnam, foreseeing a continued effort to strengthen their strategic partnership.

Both nations aim to enhance collaboration in administrative matters and adapt to global challenges posed by energy transition, setting an example for international cooperation.

Brochet highlighted France’s stance within the G7 and G20, underlining the responsibility of developed nations to financially support their developing counterparts in economic development and climate change adaptation.

Since establishing diplomatic ties in 1973 and elevating to a strategic partnership a decade ago, Vietnam and France have witnessed substantial progress in political, economic, and cultural cooperation. The implementation of the EU-Vietnam Free Trade Agreement has further opened avenues for positive developments in bilateral trade.

France’s support extends beyond diplomatic relations, with Ambassador Brochet acknowledging the significant financial backing in key sectors such as energy, telecommunications, water supply, healthcare, transportation, meteorology, remote sensing and agriculture.

Regarding the financial aspects of sustainable development, Phoc said the agreement between his ministry and the French Development Agency in Paris in July would enhance Vietnam’s capacity to formulate green financial policies.

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