Vietnam Weekly

Vietnam Weekly

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Vietnam Weekly
Vietnam Weekly
One Step Closer to JETP
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One Step Closer to JETP

Has the 'J' been forgotten?

Dec 05, 2023
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Vietnam Weekly
Vietnam Weekly
One Step Closer to JETP
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Good morning! Hello to all new readers, and welcome to the latest edition of the Vietnam Weekly, written by Ho Chi Minh City-based reporter Mike Tatarski. Today’s newsletter is exclusively for paying subscribers. If you haven’t already, you can upgrade to a paid subscription for US$5/month or US$50/year to receive all future articles and access the archive dating back to mid-2018.

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A solar power plant in Trà Vinh Province.

On to the news.


Prime Minister Phạm Minh Chính attended the COP28 climate summit in Dubai over the weekend, leading to a small flurry of news.

He spoke at a seminar on phasing out coal-fired power plants chaired by French President Emmanuel Macron and met with Ajay Banga, the World Bank’s president, during which the finance group said it may provide loans worth up to US$7 billion for several projects in Vietnam.

The big development, however, was an announcement related to the Just Energy Transition Partnership (JETP) agreement. The rest of the article covers:

  • The Resource Mobilization Plan

  • Which sectors the money will focus on

  • The projects slated for financing

  • Criticism regarding the ‘just’ aspect of JETP

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