Australia supports Vietnam with nearly 5 million USD in economic recovery

Australia announced to support Vietnam more than 4.8 million USD through the Green Economic Recovery Package, in an effort to promote climate change response.

The A$6.5 million (more than US$4.8 million) Covid-19 Green Economic Recovery Package for Vietnam was announced during Foreign Minister Marise Payne’s visit to Vietnam today, according to a press release. Report of the Australian Embassy in Vietnam.

Australian Foreign Minister Marise Payne (centre) and Foreign Minister Bui Thanh Son (third from right) at the meeting today.  Photo: Australian Embassy in Vietnam.

Australian Foreign Minister Marise Payne (centre) and Foreign Minister Bui Thanh Son (third from right) at the meeting today. Photo: Australian Embassy in Vietnam.

The support package includes A$2.5 million (over $1.8 million) in funding for four business cooperation groups and will foster an additional A$9.2 million (over $6.8 million) in investment. from the private sector. These four groups, established under the Enterprise Partnership Platform program, will contribute to supporting the green economic recovery in Vietnam through commercial initiatives in the energy and climate sectors.

The remaining 4 million Australian dollars (more than 2.9 million USD) is a grant under the framework of the Mekong – Australia Cooperation program, to support a project to grow sustainable and low-emission rice in the Mekong Delta region. Long, the main rice bowl of Vietnam.

During the meeting between Prime Minister Pham Minh Chinh and his Australian counterpart Scott Morrison at COP26, the two leaders issued a joint statement on climate action in line with the two countries’ commitments towards net zero emissions. 0 to 2050. Australia also announced a commitment to increase climate finance investments to A$2 billion (nearly $1.5 billion) over the next five years, including funding for Vietnam.

Australia’s new Covid-19 Green Economy Recovery Package will complement these commitments, help Vietnam respond to the challenges of climate change and energy transition, and generate benefits. tangible economy and support business development.

During a meeting with Prime Minister Pham Minh Chinh today, Foreign Minister Payne also announced that Australia would provide an additional 2.6 million doses of the Covid-19 vaccine, bringing the total number of vaccines it has donated to Vietnam to 7.8 million doses.

Prime Minister Pham Minh Chinh thanked the above commitment to support the vaccine, and suggested that Australia continue to maintain official development aid for Vietnam, as well as consider opening the market for a number of agricultural and aquatic products. Vietnam’s exports.

Luster

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