Deputy Minister of Finance Tran Quoc Phuong, on be half of the Vietnamese Government, and Japanese Ambassador to Vietnam Ito Naoki, on be half of the Japanese Government, on March 20 signed an exchange of notes in Hanoi, under which Japan agrees to provide about ¥90 billion  ($609 million) in ODA for the fiscal year 2025 to support Vietnam’s green transition and climate resilience.

The funding will support three priorities – budget support for green growth and climate change adaptation, disaster-resilient rural development and climate-adaptive infrastructure serving production in northern mountainous regions, particularly for ethnic minority communities.

Deputy Minister Phuong was quoted by local media as saying at the signing ceremony that the agreements reaffirm Japan’s position as Vietnam’s largest bilateral donor and reflect strong interest in deepening the Comprehensive Strategic Partnership between the two countries.

He added that the projects also mark a concrete step toward implementing a new-generation ODA model prioritizing green transition and climate resilience.

 Ambassador Ito Naoki, for his part,  said Japan backs Vietnam’s reform drive and hopes its ODA will be channeled into innovation, semiconductors, green transition and digital transformation, supporting the country’s growth targets for 2026-2030.

Earlier, on March 18, the Japan International Cooperation Agency (JICA) Vietnam Office and the Ministry of Finance  co-organized a seminar for the “Program Loan for Green Transformation toward Green Growth and Climate Resilience”  valued at ¥50 billion (equivalent to VND8,350 billion or $320 million), in a bid to support Vietnam engage with its sustainability goals.