U.S. to finance $500m in green exports to Vietnam

[Viet]

Solar panels and wind turbines in Quy Non, Vietnam. The U.S. is supporting exports related to renewable energy, the climate and infrastructure to the Southeast Asian country. © AP
LIEN HOANG, Nikkei staff writerMarch 19, 2024 14:58 JST

HO CHI MINH CITY -- The U.S. has inked a half-billion-dollar deal to boost green exports to Vietnam, the source of the country's third-biggest trade deficit and a rapidly rising manufacturing alternative to China.

For exports related to renewable energy, the climate, and infrastructure, companies can receive loans and other backing from the U.S. government's Export-Import (Exim) Bank, according to a statement released by the U.S. Embassy in Hanoi late on Monday.