VietinBank and JBIC signed a Memorandum of Understanding

12/18/2023 18:48 Vu Anh Tho Print article

ANTD.VN - On December 16, 2023, the Japan Bank for International Cooperation (JBIC) signed a Memorandum of Understanding (MOU) with VietinBank at the Vietnam - Japan Economic Forum. The forum was organized by the Ministry of Planning and Investment of Vietnam in coordination with the Japan External Trade Organization (JETRO) within the framework of Prime Minister Pham Minh Chinh's working program to attend the ASEAN - Japan Summit and bilateral activities in Japan.

The MOU aims to support the country’s carbon emission reduction and energy transition; and to support Japanese mid-sized enterprises and small and medium-sized enterprises (SMEs) to enter the market. The signing of the MOU during Prime Minister Pham Minh Chinh’s visit to Japan is not only a major step forward in bilateral relations; but also demonstrates Vietnam’s strong commitment to sustainable development and environmental management. This is also an opportunity to demonstrate the strength of economic and environmental cooperation between the two countries in the future.

The Government of Vietnam has announced the goal of achieving carbon neutrality and becoming a high-income country by 2050. Through the Plan for Implementation of the National Power Development Plan for the 2021-2030 period (referred to as Power Plan VIII) dated May 15, 2023, the Government plans to use gas-fired power generation as an energy source in the transition period, increasing the proportion of renewable energy in the energy source portfolio. This is a correct policy to contribute to realizing the goal of economic growth as well as reducing carbon emissions.

Đại diện VietinBank và JBIC ký kết Biên bản ghi nhớ

Representatives of VietinBank and JBIC signed the Memorandum of Understanding

In line with the Government’s policy, the State Bank of Vietnam has accelerated green finance in the banking sector. VietinBank has also proactively focused on similar initiatives. Therefore, the signing of the MOU is in line with the policy of the Government, the State Bank of Vietnam and VietinBank.

Through the signing of the MOU - in which JBIC as a financial institution following Japan's policy and VietinBank as a large, key, and pillar state-owned commercial bank of the Vietnamese economy - will continuously share information and enhance business cooperation opportunities in general, especially in the ESG field.

Chủ tịch HĐQT VietinBank Trần Minh Bình (hàng 2, thứ 3 từ phải qua) chụp ảnh lưu niệm cùng các đại biểu tại sự kiện

Chairman of the Board of Directors of VietinBank Tran Minh Binh (2nd row, 3rd from right) takes a souvenir photo with delegates at the event.

At the same time, the two banks will continue to actively support the creation of business opportunities for Japanese companies, through strengthening cooperation with key partners in the field of carbon emission reduction and local financial institutions in the countries.

Source link