Vietnam AFD strengthen development cooperation for new phase
On September 10 as part of Party General Secretary and State President To Lam s official visit to France a delegation from Vietnam s Ministry of Finance led by Minister Ngo Van Tuan visited and held a working session with the French Development Agency at its headquarters in Paris AFD deputy director general Bertrand Walckenaer chaired the meeting
Minister of Finance Ngo Van Tuan expressed gratitude to Bertrand Walckenaer, AFD's representative, for warmly welcoming the Vietnamese delegation. Reflecting on the collaboration, Tuan emphasized AFD's significant role in Vietnam-France relations. Tuan acknowledged the challenges Vietnam faced in managing official development assistance (ODA) and foreign concessional loans during 2021-2025, despite AFD's consistent support.
AFD remains a dependable partner for Vietnam, with seven loan agreements signed out of 42 foreign loan treaties during the period.
Vietnam is striving for substantial growth, including a double-digit economic growth trajectory. To achieve this, the government requires resources for key infrastructure and nationally important projects. Vietnam seeks AFD's continued support by providing highly concessional loans and grants for key infrastructure projects, climate change adaptation, and the green transition. The Vietnamese Ministry of Finance pledged to maintain transparency and financial discipline in their partnership with AFD.
AFD's deputy director general, Bertrand Walckenaer, praised Vietnam's institutional reforms and macroeconomic financial management, considering Vietnam a key strategic partner in France's development cooperation policy in Asia. AFD pledged to collaborate closely with Vietnamese technical agencies to optimize internal procedures, ensuring flexibility and better conditions for financing approval and disbursement.
The two parties also signed an MoU on green finance policy development, focusing on green tax policy, green bond issuance, carbon market development, and integrating carbon pricing into Vietnam's Net Zero pathway.
At the meeting, Vietnam's Ministry of Finance and AFD signed an MoU on cooperation, outlining the objectives, areas, methods, implementation principles, dispute settlement mechanisms, and validity of the agreement. This formal foundation strengthens and elevates development cooperation between Vietnam's Ministry of Finance and AFD in the new phase.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
