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First JETP project on power transmission approved by the international partner for funding in Vietnam
09:00 | 29/05/2025
On May 26, 2025, at the Presidential Palace, during the official visit of French President Emmanuel Macron to Vietnam, immediately following his talks with President Luong Cưuong, the French Development Agency (AfD) and the National Power Transmission Corporation (EVNNPT) signed a financing agreement worth 67 million euros to support the expansion and modernization of Vietnam’s power transmission network. This is the first project under the Just Energy Transition Partnership (JETP) framework to be approved by an international partner and also represents the first public financing among the global financial commitments pledged to support Vietnam's JETP since 2022.