Business

Forum talks resource convergence for green growth

The awareness of localities, businesses and people about green, sustainable recovery and growth has been improved significantly over the past time, Deputy Minister of Foreign Affairs Ha Kim Ngoc told a forum in Ho Chi Minh City on April 8.
Forum talks resource convergence for green growth ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) – The awareness oflocalities, businesses and people about green, sustainable recovery and growth hasbeen improved significantly over the past time, Deputy Minister of ForeignAffairs Ha Kim Ngoc told a forum in Ho Chi Minh City on April 8.

The Connections for Development Forum 2022 (VietnamConnect Forum 2022) was co-hosted by the Ministry of Foreign Affairs (MoFA) andVietnam Economic Times (VnEconomy), with the theme“Resource Convergence for Promoting Green Growth and Sustainable Development.”

The Deputy Minister said many localities have issuedstrategies and action plans on green growth, while enterprises have sought waysto diversify and reform their production models in a sustainable fashion.

He also highlighted the resolve of the Party, Stateand Government to accelerate the economic transition towards green, sustainabledevelopment.

Vo Van Hoan, Vice Chairman of the Ho Chi Minh CityPeople’s Committee, briefed the participants on the southern economic hub’sefforts in sustainable development, covering economy, society and people,noting that the city is preparing an ecosystem to welcome green investmentflows.

The Ministry of Planning and Investment and theWorld Bank estimated that Vietnam needs some 30 billion USD to implement itsgreen growth strategy by 2030. However, the state budget can meet only 30percent of the amount.

Experts at the forum stressed the need toconsolidate policies and institutions on green growth, further improve theinvestment environment, create optimal conditions for businesses and people toaccess loans, and promote scientific research and technological transfer.

The Vietnam Connect Forum 2022 is an annualgathering based on an initiative to combine the missions and tasks of economicdiplomacy and economic media to promote and improve economic efficiency andconnection activities, expand cooperation, and discuss new trends around theworld, helping Vietnamese localities and businesses integrate into and participatein global value chains.

It also aims to promote the effectiveness ofinternational cooperation and support, and push the implementation ofdevelopment goals and international commitments, for Vietnam’s prosperousdevelopment./.
VNA
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