National Assembly Chairman Vuong Dinh Hue and Special Advisor to the Cabinet of Japan and Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi (Photo: VOV)

Maeda Tadashi said that at G20’s meetings in 2022, Japan mentioned the Asia Zero Emission Community (AZEC) initiative. Meanwhile, the G7 has also focused on implementing the Just Energy Transition Partnership (JETP).

In order to realize the JETP, the JBIC has committed to supporting 300 million USD through Vietcombank to implement projects in the field of renewable energy.

He said Japans wants Vietnam to set up a joint working group to implement the AZEC adding that Japan, the US and Australia will work together to support Vietnam in mitigating climate change impacts and Japan has set up a framework to assist Vietnam in this field.

At the reception (Photo: VOV)

National Assembly Chairman Vuong Dinh Hue said energy transition in any country should place energy security at the top place. Agreeing with the Japanese official on the need to set up a joint working group for AZEC implementation, Hue affirmed that the Vietnamese NA is willing to send officials from its committees to join the group.

He suggested that Vietnam and Japan make substantial cooperation to build and maintain strategic supply chains, including that on energy.  

Underlining that the two countries have great potential in biomass power development, Hue said that they should cooperate more closely in converting energy production plants from coal to biomass fuel according to a certain roadmap, while working together in the supply chain of projects related to gas energy and coordinating closely in developing wind power and solar power suitable to climate change situation in Vietnam and Asia.