The U.S. will increase support for Vietnam to respond to climate change, including developing smart power grids, U.S. Special Presidential Envoy for Climate John Kerry announced on Thursday.

Kerry made the announcement as he met Vietnamese Prime Minister Pham Minh Chinh on the latter’s ongoing trip to the U.S. to attend the high-level General Debate of the 78th session of the United Nations General Assembly in New York.

PM Chinh and Kerry, who is also former U.S. Secretary of State, discussed steps to quickly implement the important agreements reached during the recent visit to Vietnam by U.S. President Joe Biden, including those on climate change response.

The Vietnamese government leader asked the U.S. to continue supporting Vietnam’s efforts to achieve its commitment of net zero emissions by 2050, implement the Fair Energy Transition Partnership (JETP) agreement, and build a renewable energy industry.

Kerry affirmed with Chinh that the U.S. consistently treasures its relationship with Vietnam and supports Vietnam in promoting its leading role in global efforts to respond to climate change.

The special envoy pledged that the U.S. will continue to strengthen cooperation with and support for developing countries, including Vietnam, in coping with climate change impacts.

Such assistance will be provided for developing clean energy industries, smart power transmission networks, and sustainable infrastructure, Kerry elaborated.

He emphasized that he, as a long-standing friend of Vietnam, wishes to support Vietnam in climate change-related issues. 

Kerry and Chinh also expressed their pleasure at the success of the Vietnam visit on September 10-11 by President Biden, during which the two countries issued a joint statement to upgrade the bilateral ties to comprehensive strategic partnership.

PM Chinh thanked Kerry for his valuable support in successfully arranging the visit.

Kerry told Chinh that President Biden was very impressed by and highly appreciated Vietnam’s respectful, cordial, and thoughtful welcome during his recent visit.

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Ho Chi Minh City is expected to become the cooperation model between Vietnamese localities and Japan, Phan Van Mai, chairman of the Ho Chi Minh City People’s Committee, said at a ceremony on Wednesday to mark the 50th milestone of Vietnam-Japan relationship.

“The speed and level of development of this bilateral relationship have been truly astonishing, substantial, and reassuring,” Mai said at the event.

According to Mai, as Japan continues fostering connections with the Mekong region and promoting its vision of a free and open Indo-Pacific, Ho Chi Minh City can serve as an important link allowing the regional supply and value chains to be enhanced and a just, stable, and viable regional security architecture to be ensured. 

Also at the event, Japanese Consul General in Ho Chi Minh City Ono Masuo claimed that the relationship between the two nations is now in an extremely good place with friendship and cooperation deepening at all levels, particularly in the realms of the economy, politics, culture, and sport.

“The relationship between Vietnam and Japan is  becoming more equal and interdependent, rather than the former relationship of being the donor and the recipient of aid,” Masuo said.

To date, Japan has over 1,600 projects with a total capital of nearly $8.2 billion in the city.

Ho Chi Minh City-Japan trade turnover in 2022 reached nearly $5.1 billion.

These impressive growth rates have elevated Japan to be Ho Chi Minh City’s third largest investor and fifth largest trading partner.

Making use of leveraging of the policies, Mai shared expectations that Ho Chi Minh City will continue receiving advice, support, and collaboration from Japanese partners in order to help it break through on the regional and global growth map.

He also noted that Japanese investors are expected to step up investments and help Ho Chi Minh City hone its competitive edges in transportation, production infrastructure, logistics, healthcare, and urban development.

In addition, fields such as digital economy development, innovation, green growth, circular economy, and new energy hold the promise of expanding cooperation opportunities between both sides.

In particular, Ho Chi Minh City hopes to work with the Japan International Cooperation Agency (JICA) to build new models for Official Development Assistance (ODA) that exemplify the dynamic combination of JICA’s ODA, the city’s budget, investments from businesses, and contributions from service users.

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Vietnamese Prime Minister Pham Minh Chinh visited the New York Stock Exchange (NYSE) in New York City on Thursday morning (local time) and rang the bell to mark the start of the stock trading day.

The top Vietnamese official paid his NYSE visit at the invitation of NYSE leaders.

NYSE vice chairman John Tuttle and PM Chinh spoke briefly before the Vietnamese Premier rang the opening bell at 9:30 am.

PM Chinh said that he was honored to be invited to the NYSE building for the second time to ring the bell.

He also shared that he was impressed by the stock exchange’s current capitalization of US$40,000 billion.

PM Chinh last visited the NYSE, the largest stock exchange in the world, in May 2022 to ring the closing bell.

The prime minister proposed the NYSE encourage U.S. firms to make investments in Vietnam and help connect the Vietnamese stock exchanges with the NYSE and other top stock exchanges worldwide.

PM Chinh also assigned the State Securities Commission of Vietnam to partner with the NYSE to sign a memorandum of understanding on technical support and human training.

The Vietnamese government leader expects to host NYSE leaders in Vietnam by the end of the year.

Prime Minister Pham Minh Chinh (C) writes in a memorial notebook at the NYSE. Photo: Nhat Bac / Tuoi Tre

Tuttle used the opportunity to share his appreciation for the Vietnamese market, noting that U.S. firms have shown much interest in Vietnam.

He affirmed that the NYSE is willing to help Vietnamese enterprises list their stocks on the exchange.

The NYSE representative also told the prime minister that he will visit Vietnam as soon as possible.

PM Chinh and a high-ranking delegation of Vietnam are on a visit to the United States to attend the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities.

His U.S. trip, which is set to last until Saturday, was made following the upgrade of the Vietnam – U.S. relationship.

Vietnam and the U.S. announced the elevation of their bilateral relations to comprehensive strategic partnership, the highest level in the Southeast Asian country’s international relations, after talks between General Secretary of the Communist Party of Vietnam Nguyen Phu Trong and U.S. President Joe Biden in Hanoi on September 10.

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