Paris, 6 November 2021 (TDI): Vietnam signed an MOU with Organization for Economic Cooperation and Development (OECD), today to strengthen cooperation.
The Memorandum for Understanding got signed today in presence of Vietnamese Prime Minister, Pham Minh Chinh, in Paris.
Foreign Minister of Vietnam, Bui Thanh Son, and OECD Secretary-General, Mathias Cormann signed the MOU from their respective sides.
The signed MOU will pave the way to strengthen cooperation between the two parties from the years 2022 to 2026.
Viet Nam and #OECD sign MoU to strengthen co-operation over next 5 years https://t.co/2t1vO6fE8T pic.twitter.com/QaiWdPppan
— Viet Nam Government Portal (@VNGovtPortal) November 6, 2021
OECD signed the very first agreement with Vietnam. It will transit the routes of cooperation and OECD country program with the said country.
The memorandum will help country’s reforms especially in the areas where they are already working with each other. OECD and the Southeast Asian country are working together in competition, investment, and tax policy.
Moreover, the Organization for Economic Cooperation and Development is seeking to vitalize the country-specific reports. This includes first OECD Economic Survey of Vietnam; which is due in 2022.
The Organization can also be helpful to the country in following up the OECD Clean Energy Finance and Investment Policy Review of Viet Nam. This got published on the same day, earlier.
The review highlights the suggestions to Vietnam in intensifying finance to acquire the carbon-neutral energy sector. And it will be prerequisite to its pledge at COP26 to achieve net-zero emissions by 2050.
Mathias Cormann noted a ‘crucial role by clean energy sector in Vietnam’s sustainable recovery’ in review.
