The Ministry of Natural Resources and Environment (MoNRE) and the
Japanese Ministry of Economy, Trade and Industry (METI) on July 2 signed
a Memorandum of Understanding (MoU) on low carbon development.
The MoU is part of an agreement with Japan on the Joint Crediting Mechanism (JCM).
The signing ceremony saw the presence of MoNRE Minister Nguyen Minh
Quang and METI Minister Motegi Toshimitsu among others.
The MoU
is a foundation for the strengthening of cooperation activities between
the two ministries in the coming time in rare earth surveying and
exploitation in Vietnam, JCM cooperation, Green Aid Policy (GAP)
dialogues, atomic electricity cooperation, and the Vietnam–Japan Joint
Initiative Phase 4.
Minister Quang spoke highly of Japan’s
efforts and expressed his hope to continue working with the country to
fulfil the aforesaid issues towards implementing JCM projects in the
near future.
After the signing ceremony, the two sides will
continue talks to set up a JCM joint committee and perfect the Manual
for JCM implementation.-VNA