Germany invests USD 5.4M in Vietnam

The German International Cooperation Agency (GIZ) and the Vietnamese Ministry of Industry and Trade’s oil, gas, and coal department have agreed to implement a USD 5.4M green hydrogen project.
In order to assist Vietnam in establishing institutional, legal, and technical preconditions for green hydrogen-based carbon emission reduction, Germany’s Federal Ministry for Economic Cooperation and Development (BMZ) will facilitate the H2Growth project to build and develop a green hydrogen economy in Vietnam. The German International Cooperation Agency (GIZ) will implement the project with the Vietnamese partner.
The H2Growth project aims to assist Vietnam’s Ministry of Industry and Trade in developing a green hydrogen strategy via three main areas: developing strategies, policies, and legal frameworks; capacity building of training and research institutions; and market development promotion.
The project will facilitate the formulation and execution of Vietnam’s National Hydrogen Strategy and the development of green hydrogen standards, and laws in the country. It will provide introductory training on the advantages and disadvantages of the green hydrogen economy and provide models for advanced training and vocational training.
The four-year project is scheduled to begin implementation in February 2024.
The H2Growth project will join other programs in providing comprehensive support to the Vietnamese government as it moves toward the national goal of net zero emissions by 2050.

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