Hanoi, March 19 -- As Vietnam steps up efforts to fulfil its green growth commitments and respond to climate change, financial and technological cooperation with international partners is entering a new phase marked by higher requirements in terms of speed, scale and effectiveness.

The Japan International Cooperation Agency (JICA), in coordination with Vietnam's Ministry of Finance, held a workshop on March 18 to introduce a "Programme Loan for Green Transformation towards Green Growth and Climate Resilience". The loan, valued at 50 billion JPY (about 320 million USD), has been approved by the governments of both countries and is expected to be signed later this month.

This marks the second budget support loan provided by the Japanese G...