France-based Agence Française de Développement (AFD) has announced a USD550 million commitment to support Vietnam’s energy transition and sustainable growth agenda The new funding will accelerate renewable energy expansion and low-emission transport initiatives under the Just Energy Transition Partnership (JETP). More than half of the pledged amount has already been mobilised through AFD-led projects.
Over the past 30 years, AFD has financed nearly 120 projects in Vietnam, channeling more than USD3.3 billion toward green energy, infrastructure, and climate resilience. The agency’s next strategic phase will focus on three key pillars — sustainable energy, low-emission transport, and climate change adaptation — to help Vietnam achieve net-zero emissions by 2050 and transition to a high-income, climate-resilient economy by 2045–2050.
The renewed partnership follows the recent elevation of Vietnam–France relations to a comprehensive strategic partnership, reflecting both nations’ shared goal of building a low-carbon and sustainable future.