Vietnam acknowledges GGGI's support in green, sustainable development
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc has delivered a speech recognising the Global Green Growth Institute (GGGI)’s positive contributions to Vietnam’s development, especially in promoting green and sustainable growth.
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc speaks at the event (Photo: VNA)Ngoc made the speech at the GGGI Council’s plenary session at its headquarters in Seoul, the Republic of Korea, on October 27. The session was co-chaired by former UN Secretary-General and GGGI President Ban Ki-moon and GGGI Director General Frank Rijsberman, with the attendance of representatives from 45 member countries and observers.
On behalf of the Vietnamese Government, Ngoc informed that through its representative office in Vietnam, the institute is working with the Ministry of Planning and Investment to develop a number of green transformation projects to help Vietnam achieve its climate goals.
Noting Vietnam has made a strong commitment to the goal of net zero emissions by 2050, the official emphasised that pursuing such development path requires huge financial resources and needs the support of the international community.
According to the World Bank's Country Climate and Development Report for 2022, Vietnam will need an additional investments of about 254 billion USD for green growth and climate change and 114 billion USD for decarbonisation in such major emission sectors as energy, transport, agriculture and industry.
In addition to attending the council's meetings and the Green Growth Week organised by the GGGI, Ngoc had dialogues and discussed cooperation and strategy with Ban and Rijsberman. Both GGGI leaders affirmed their willingness to cooperate sustainably with Vietnam in the spirit of green and sustainable economic development, increasing resilience to external shocks, and bringing about new opportunities to benefit the Vietnamese people.
The deputy minister also attended a ministerial panel discussion with representatives from Kyrgyzstan, Rwanda, Uganda, Zambia, Laos and Cambodia.
According to the official, the working visit to the Republic of Korea has helped strengthen the partnership between Vietnam and the GGGI in order to promote joint activities serving green growth in Vietnam, especially in plans to be implemented in the near future. The plans include those on promoting innovative start-ups in the field; green transformation investment; and ASEAN-RoK cooperation on methane reduction.
Established in 2012, the GGGI is a treaty-based inter-governmental organisation dedicated to supporting and promoting strong, inclusive and sustainable economic growth in developing countries and emerging economies. Vietnam was one of the founding members that officially joined in 2012, with the sides’ cooperation activities beginning in 2013./.
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Environment
Contest seeks innovative solutions to recycle plastic
The innovative solution contest 2024 was launched in Hanoi on April 12, aiming to seek solutions in the plastic circular value chain, especially new and creative solutions in improving the capacity to collect, process and recycle plastic packaging.
Environment
Co To calls for actions to prevent plastic pollution in tourism activities
Co To island district in the northeastern province of Quang Ninh has asked local accommodation facilities and travel firms to apply environmental protection measures in tourism business activities to build an island free of plastic bags and other single-use items.
Environment
Eight coastal localities get more support in forestry modernisation
The 4,040 hectares of forests planted and restored in the first phase of the World Bank (WB)-funded Forest Sector Modernisation and Coastal Resilience Enhancement Project will receive further care, as Prime Minister Pham Minh Chinh has issued a decision on the adjustment of the project investment, an official has said.
Environment
Binh Duong, UK cooperate in promoting green energy
The People’s Committee of the southern province of Binh Duong, in collaboration with the British Consulate General in Ho Chi Minh City, organised a conference on green energy on April 9, aiming to optimise the use of renewable energy and facilitate knowledge exchange between the locality and experts on sustainable energy development.
Environment
Sea turtle returned to ocean in waters off Kien Giang province
The Hon Chong Port Border Guard Station under the Kien Giang Border Guard on April 9 coordinated with Kien Luong district’s Economic and Infrastructure Office in the southern province of Kien Giang to release a sea turtle to nature.
