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HCM City, IMF collaborate in green economic development

Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai on September 14 proposed the International Monetary Fund (IMF) help the city define orientations for economic restructuring, climate change response activities, and green economic development trends.
HCM City, IMF collaborate in green economic development ảnh 1Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai (R) receives IMF Resident Representative in Vietnam Jochen Schmittmann (Photo: VNA)
HCM City (VNA) – Chairman of the People’s Committee of Ho ChiMinh City Phan Van Mai on September 14 proposed the International Monetary Fund(IMF) help the city define orientations for economic restructuring, climate change responseactivities, and green economic development trends.

Receiving IMF Resident Representative in Vietnam JochenSchmittmann who comes to attend the HCM City Economic Forum 2023, Mai expressedhis hope that the fund will choose the city as a model locality in the processof implementing cooperation between the fund and Vietnam.

He also suggested the IMF support the city in connectingwith experts to learn from experience in building legal frameworks and actionprogrammes for calculating carbon credits and reducing net emissions.

Thanking HCM City for inviting him to attend the forum, JochenSchmittmann appreciated its theme on green economic development, which meets requirementsof the development process and general world trends.

The city's development of carbon credits is very necessaryand important, creating favourable conditions to implement its green economicdevelopment strategy, he said.

At present, the IMF in Vietnam is implementing cooperation activitieswith ministries and sectors in emissions reduction and carbon credits, andhopes to further collaboration with Ho Chi Minh City in this field, he added./.
VNA
#IMF Resident Representative in Vietnam Jochen Schmittmann #Ho Chi Minh City #Phan Van Mai #Vietnam #Vietnamplus #Vietnam News Agency Ho Chi Minh City
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