Deputy Prime Minister Nguyen Thien Nhan is joining the Heads of States and representatives of 190 out of the 193 UN members at the UN’s Conference on Sustainable Development in Rio de Janeiro on June 20.

The conference themed ‘The future we want’ will focus on reforming institutions concerned with sustainable development, developing green economies and reducing poverty.

The world’s leaders will set out targets and new criteria for sustainable development and examine measures to eliminate unsustainable models of production and consumption.

On the first day of the conference, eight banks, including the World Bank, the Asian Development Bank and the African Development Bank, pledged 175 billion USD to develop sustainable transport systems over the next ten years.

On the eve of the conference, UN Secretary General Ban Ki-Moon said the Rio+20 conference is a opportunity to place the world on the path to sustainable development, where there is a balance between economies, society, the environment and welfare systems.-VNA