The European Union (EU) has announced the release of an additional EUR15 million ($15.59 million) of budget support to the Vietnamese government to promote the clean energy transition and achieve net-zero emissions target, within the framework of the EU-Vietnam Sustainable Energy Transition Program (SETP).
The amount brings the total disbursement by the EU under SETP to EUR63 million in grant support to the national budget under agreed performance conditions.
The EU-funded SETP budget support program aims to support the creation of an enabling environment for public and private sector investments in renewable energy and energy efficiency, contributing to the implementation of the Just Energy Transition Partnership (JETP), as part of the offer to the world under the EU’s Global Gateway strategy. (www.eeas.europa.eu)