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Green growth – HCM City’s top priority: official

Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for public investment in order to shift to a greener and more sustainable economy, a local official has said.
Green growth – HCM City’s top priority: official ảnh 1HCM City aims to shift to a greener and more sustainable economy. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City wants to promote innovation and multi-national cooperation, and calls for publicinvestment in order to shift to a greener and more sustainable economy, alocal official has said.

Chairman of the municipal People’s Committee PhanVan Mai told an investment conference for HCM City’s green growth on January 24that the southern largest economic hub has been identified as one of the world's 10 cities heavily affected by climate change.

He cited the latest research results published bythe Institute of Environment and Natural Resources under the Vietnam NationalUniversity - HCM City showing that on average, the total greenhouse gasemissions in the city exceed 60 million tonnes of CO2 each year.

Against the backdrop, HCM City has opted for greengrowth as its future development strategy, considering it the top priority toachieve economic prosperity, environmental sustainability and social equality,the official noted, adding that it has set the target of cutting gas emissionsby 10% by 2030.

Addressing the conference, jointly held by the municipal People's Committee and the World Bank (WB), Carolyn Turk, WB Country Directorfor Vietnam, suggested HCM City put forth a suitable strategy to achieve thetarget.
Green growth – HCM City’s top priority: official ảnh 2Chairman of the municipal People’s Committee Phan Van Mai. (Photo: VNA)
She stressed that the city is facing risks from climate change and chronic flooding, adding averageannual economic losses due to flooding is about 250 million USD, which isprojected to escalate every year.

HCM City should offer incentives to encourage theprivate sector to engage in the green transition, she said, pledging that theWB will support the city in the implementation of the emission reductionstrategy and the access to financial sources.

On this occasion, the municipal People's Committee unveiled 28 projectsthat are calling for investment, covering high-tech, financial and commercial centrebuilding, transport infrastructure, and waste water treatment, among others./.
VNA
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