At the 26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 26) in November 2021, the Government of Vietnam announced its national goal to achieve net zero emissions by 2050. Also, according to the Government's Eighth Power Development Plan (PDP 8)
*3, which is under preparation, renewable energy will reach 72,238MW of the country's total power generation capacity of 156,385MW in 2030. Vietcombank, which also plays a role of implementing the Government's policies as a state-owned commercial bank, is actively expanding support in such sectors as renewable energy based on the Government's decarbonization policy. Through the loan, JBIC supports the Government of Vietnam's and Vietcombank's initiatives for preserving the global environment.