Ho Chi Minh City Seeks JBIC Support for Eco-Friendly Initiatives

HCM City – In a recent meeting, Ho Chi Minh City’s Vice Chairman Bui Xuan Cuong expressed a keen interest in acquiring support from the Japan Bank for International Cooperation (JBIC) for green projects. The city aims to involve both Japanese and Vietnamese businesses in initiatives promoting green growth, circular economy, and net-zero emissions.

According to Vietnam News Agency, during a reception for JBIC Governor Hayashi Nobumitsu on November 8, Cuong highlighted the significance of the visit in boosting cooperation between Ho Chi Minh City and Japanese partners, particularly those investing in the city. He acknowledged the support from the Japanese Government, JBIC, and the Japan International Cooperation Agency (JICA) in the city’s development and thanked JBIC for its role in the success of the Ho Chi Minh City Economic Forum held in September, which focused on “Green Growth – Journey to Zero Net Emissions.”

Cuong expressed his hopes that JBIC would offer guidance on green and circular economies and renewable energy. He also emphasized the potential for cooperation between Japanese and Vietnamese businesses in executing public-private partnership (PPP) projects.

In response, JBIC Governor Hayashi Nobumitsu affirmed the bank’s commitment to supporting Japanese enterprises in various projects across Vietnam, particularly in infrastructure and energy development. He stated JBIC’s readiness to provide capital, either directly or indirectly, for Japanese projects in Vietnam that align with the goals of achieving net-zero emissions and transitioning to cleaner energy sources.

Hayashi commended the investment environment in Ho Chi Minh City, acknowledging its attractiveness to investors. He assured that JBIC is prepared to finance Japanese businesses looking to invest in the city, particularly in projects that would improve the living standards of local residents.

JBIC also expressed its interest in partnering closely with Ho Chi Minh City on environmentally friendly projects. These include initiatives in urban waste and wastewater treatment and the construction of biomass power plants, reflecting a shared commitment to sustainable development and environmental conservation.