In April 2024, Vietnam and the United States embarked upon one of the world’s most ambitious green hydrogen collaborative strategies. The United States Agency for International Development and Standard Chartered Bank Vietnam signed a Memorandum of Understanding to support Vietnam’s transition towards a hydrogen-centric renewable energy model. Building upon President Joe Biden’s visit to Hanoi in September 2023, this MOU aims to facilitate private-sector investment and help Vietnam achieve its net-zero emission goals by 2050. In doing so, Hanoi and Washington aspire to bolster Vietnamese-American relations which are so vital for both parties’ geopolitical concerns vis-a-vis Vietnam’s domineering neighbor: China.
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