A memorandum of understanding signed between the two sides will support the implementation of low carbon and just energy transitions through various research, studies, and pear-to-pear exchanges.
The AFD and EU have been actively supporting Vietnam in the areas of climate change mitigation and adaptation.
The Memorandum of Understanding formalizes and deepens the existing cooperation between the Ministry of Construction of Vietnam and AFD toward sustainable and resilient cities.
As one of the few hardest-hit countries by climate change, Vietnam is urged to take drastic measures to curb impacts that will not appear in the distant future.
This extension project is emblematic of French-Vietnamese cooperation.
The US$30.3 million project, funded by the European Union and France, will be conducted in the 2022-2026 period.
The French embassy wants the Hanoi government to facilitate its events in the capital city.
AFD will assist the Hanoi government in developing priority programs such as improving air quality, wholesale markets, urban logistics, waste management and treatment, among others.
This is the latest loan of AFD's more than US$2 billion for sustainable development projects in Vietnam.