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

Clean energy, infrastructure and climate projects may get Exim Bank loans

20240329 Solar panels work near wind turbines in Vietnam

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 writer

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.

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