Politics

France ready to accompany Vietnam in energy transition: French President

Talking with Deputy Prime Minister Tran Hong Ha during a working breakfast in Hanoi on May 27, French President Emmanuel Macron affirmed France’s support for Vietnam through a 500 million EUR concessional loan, specifically earmarked for projects under the JETP framework.

At the working breakfast (Photo: VNA)
At the working breakfast (Photo: VNA)

Hanoi (VNA) - France stays ready to support and accompany Vietnam in delivering on its key commitments in sustainable development, environmental protection, carbon emission reduction, and energy transition through cooperation mechanisms, including the Just Energy Transition Partnership (JETP) framework, said French President Emmanuel Macron.

Talking with Deputy Prime Minister Tran Hong Ha during a working breakfast in Hanoi on May 27, Macron affirmed France’s support for Vietnam through a 500 million EUR concessional loan, specifically earmarked for projects under the JETP framework.

Deputy PM Ha underscored energy transition as a “matter of survival” and a crucial goal shared by both nations. With fossil fuel reserves dwindling, the shift toward newer, cleaner energy sources, such as renewables, hydrogen and nuclear energy presents ample opportunities for collaboration between policymakers, scientists, and businesses from both countries, he said.

Ha highlighted the longstanding tradition of bilateral energy cooperation, which has yielded tangible successes over the past years. The elevation of bilateral ties to a Comprehensive Strategic Partnership in 2024, he said, provides an important foundation for advancing cooperation in energy transition and carbon emissions reduction.

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French President Emmanuel Macron (R) and Deputy PM Tran Hong Ha (Photo: VNA)

According to him, Vietnam’s energy transition extends beyond the energy sector to encompass industry, transportation, and agriculture.

Both sides agreed that public-private partnerships are a vital bridge, enabling shared resources, risk mitigation, and the scaling up of sustainable energy solutions.

The discussions were enriched by valuable insights from Deputy Minister of Industry and Trade Phan Thi Thang and Deputy Minister of Science and Technology Le Xuan Dinh, alongside leaders of major energy corporations from both countries, including the Électricité de France (EDF), the Hydrogène de France (HDF), the French Development Agency (AFD), the Vietnam Electricity (EVN), and the Vietnam National Industry – Energy Group (Petrovietnam). These enterprises presented concrete proposals to materialise the cooperation frameworks agreed upon by Vietnamese and French leaders.

On the occasion, the French Embassy in Vietnam hosted a signing ceremony for a series of cooperation agreements between Vietnamese and French agencies and enterprises in the presence of French Minister for the Economy, Finance, Industrial and Digital Sovereignty Eric Lombard and Vietnamese Deputy Minister Thang. Notably among them were a Memorandum of Understanding (MoU) between AFD and EVN for a concessional loan funding the Bac Ai pumped-storage hydropower project, and another between HDF Energy and Southern Power Corporation to develop decarbonised hydrogen-based electricity generation projects./.

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