Vietnam seeks greater Canadian investment in green finance infrastructure
Minister of Finance Ngo Van Tuan has held a courtesy meeting with Canadian Finance Minister François Philippe Champagne and a working session with FinDev Canada s leadership strengthening bilateral economic and financial cooperation
Vietnam's Minister of Finance, Ngo Van Tuan, and Canada's Finance Minister, François-Philippe Champagne, convened a meeting in Ottawa on September 25 ahead of Party Secretary and State President To Lam's state visit to Canada. The dialogue aimed to explore new avenues for international capital investment in Vietnam's private sector and sustainable development initiatives.
Both ministers underscored the significance of transforming the Action Plan's provisions into practical measures, laying the groundwork for enhancing trade and investment while supporting both nations' economic transformations. Financial cooperation emerged as a crucial pillar, fostering robust trade and investment relations and bolstering the economic evolution of both countries.
During the session, Minister Tuan extended an invitation to Minister Champagne to visit Vietnam and attend the APEC Finance Ministers Meeting in 2027, expressing his desire for sustained exchanges and coordination between the two finance ministries to deepen economic and financial cooperation, benefiting businesses and citizens alike in both nations.
Subsequently, Minister Tuan engaged in a constructive discussion with Nick Anstett, the vice-president and chief strategy officer of FinDev Canada, Canada's development finance institution. They examined strategies to support Vietnam's development goals via private-sector investments, focusing on climate finance, sustainable infrastructure, energy transition, and climate-resilient agriculture.
Minister Tuan provided an overview of Vietnam's development landscape, where the nation strives to sustain robust economic growth while transitioning to a greener future, advancing clean energy, and bolstering private sector competitiveness.
To achieve these objectives, Vietnam seeks substantial long-term investment capital at affordable rates, particularly in strategic transport infrastructure (such as seaport expansion and logistics modernization), energy and climate sectors (including clean energy transition and climate finance development), and sustainable agriculture, concentrating on establishing a smart agricultural sector that can adapt to climate change implications.
Minister Tuan urged FinDev Canada to augment its investments in Vietnam while forging stronger connections with commercial banks, investment funds, and domestic enterprises to identify and develop projects conforming to international standards.
In response, Anstett extolled Vietnam's market potential, particularly highlighting Vietnam's pioneering role in climate finance within Southeast Asia. Anstett revealed that FinDev Canada had made two $75 million investments in 2025, utilizing VPBank and HDBank, which supported green credit, sustainable agriculture, and Vietnam's private business sector.
Minister Tuan affirmed Vietnam's status as a top priority market within FinDev Canada's five-year strategy, expressing interest in expanding investments in high-tech industries and essential infrastructure, such as modernizing the national power grid, developing energy storage systems, and promoting increased participation from Canadian businesses, investment funds, and pension funds in key Vietnamese projects.
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.
