France-based Agence Française de Développement (AFD) has announced a $550 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 $3.3 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.
