Politics

Vietnam, Egypt exchange experience in green finance attraction

The Vietnam Embassy in Egypt on October 31 held a hybrid workshop to exchange experience in attracting green finance between the two nations, as part of activities marking the 60th founding anniversary of their diplomatic relations (1963-2023).
Vietnam, Egypt exchange experience in green finance attraction ảnh 1Vietnamese Ambassador to Egypt Nguyen Huy Dung speaks at the event. (Photo: VNA)
Cairo (VNA) – The Vietnam Embassy in Egypt on October 31 held a hybrid workshop to exchange experience in attracting green finance between the two nations, as part of activities marking the 60th founding anniversary of their diplomatic relations (1963-2023).

Addressing the event, Vietnamese Ambassador Nguyen Huy Dung held that the Vietnamese and Egyptian Governments are committed to stepping up green growth, considering it a sustainable development path amid the global economic recovery following the COVID-19 pandemic and unexpected developments in international relations.

The diplomat briefed participants Vietnam's national green growth strategy for the 2011-2020 with a vision for 2050, adding that the country made a commitment at COP26 to achieve net-zero emissions by 2050. The cost of the green transition and carbon reduction process is estimated at around 17 billion USD per year and requires significant external resources, he noted.

Dung said to fulfill and meet their commitments to sustainability, it is crucial for Vietnam and Egypt to leverage climate diplomacy serving the attraction of green financial resources.

For his part, Ambassador Rao'f Saad, Advisor to the Egyptian Minister of Environment, highlighted the crucial role of climate diplomacy in mobilising funds for green projects.

He held that Vietnam and Egypt have a golden opportunity to initiate a new phase in their bilateral relations by enhancing climate diplomacy, strengthening cooperation in technology research and transfer for mutual benefits.

Showcasing theoretical and practical aspects of climate diplomacy, speakers stressed the importance of collaboration in developing domestic technologies to reduce dependence on those from developed nations, and promoting green growth and technology self-sufficiency. They also discussed cooperation in the fields of banking, finance, and business startup to ensure that the Vietnamese and Egyptian economies successfully carry out green growth policies./.
VNA
#Vietnam Egypt #Nguyen Huy Dung #green growth #green transition #COVID-19 recovery #vietnam #vietnam news agency #vietnamplus Egypt Vietnam
Follow VietnamPlus

Related News

Egyptian President welcomes Vietnam-Egypt friendship, cooperation

Egyptian President welcomes Vietnam-Egypt friendship, cooperation

Egyptian President Abdel Fattah El-Sisi said he hoped Vietnam and Egypt will actively maintain the friendly and cooperative relations when he received the letter of credentials presented by newly-appointed Vietnamese Ambassador Nguyen Huy Dung in Cairo on March 31.
Egyptian channel showcases 60 years of Vietnam-Egypt relations

Egyptian channel showcases 60 years of Vietnam-Egypt relations

The Vietnam-Egypt relations have witnessed strong progress across all fields over the past six decades, stated Vietnamese Ambassador to Egypt Nguyen Huy Dung in a May 10 interview broadcast live on the state-owned Egyptian foreign language channel Nile TV.

See more

A view of the national conference disseminating and implementing the Resolution of 14th National Party Congress in Hanoi on February 7, 2026 (Photo: VNA)

Foreign affairs a key, regular task in new era: FM

The Congress added the perspectives of strategic autonomy and self-strengthening, and affirmed foreign affairs and international integration as a “key and regular” task, said Politburo member and Minister of Foreign Affairs Le Hoai Trung.

Party General Secretary To Lam and incumbent and former leaders of the Party and State attend the conference on February 7. (Photo: VNA)

14th National Party Congress sets new development mindset, action-driven growth model: official

Elaborating the special significance of the 14th National Party Congress, Trinh Van Quyet underscored that the event marked a development turning point, shaping a new development mindset and establishing a depth and quality-based growth model driven by science – technology, innovation, and knowledge, to replace the capital-, resource- and low-cost labour-based growth model.

Party members of the Vietnam News Agency attend the event via videoconferencing on February 7. (Photo: VNA)

Official reports on Party building tasks, Party Statutes implementation

The 14th Party Congress determined that the Party Statutes, along with the Political Platform for national construction during the transitional period to socialism, will be supplemented and amended at the 15th National Party Congress, which coincides with the 100th founding anniversary of the Party.

A view of My Khe beach in Da Nang city (Photo: VNA)

Da Nang moves to turn Party Congress's resolution into benefits for people

Nguyen Hong Lai, Secretary of the Party Committee of Tra Tan commune, said the committee has drawn up a plan to disseminate and implement the Resolution of the 14th National Party Congress, aiming to ensure that all local officials and Party members fully grasp the spirit of the Resolution and promptly work to translate it into practical results.

Prime Minister Pham Minh Chinh presents the action plan for implementing the Resolution of the 14th National Party Congress at the conference on February 7. (Photo: VNA)

PM calls for concerted efforts to implement 14th National Party Congress's Resolution

The Government leader emphasised the special significance of the action plan, noting that it represents an innovative approach that is both strategic and comprehensive while also concrete, practical, time-saving and feasible, helping the Resolution to be swiftly implemented in reality and generate fruitful outcomes across all fields so that the people can soon benefit from the achievements of the 14th National Party Congress.

Party General Secretary To Lam bids farewell to Cambodian officials at Techo International Airport on February 6 evening. (Photo: VNA)

Party General Secretary To Lam wraps up state visit to Cambodia

The state visit to Cambodia by General Secretary To Lam and the high-ranking delegation of Vietnam is believed not only to contribute to the solid political foundation for Vietnam – Cambodia relations, but also to create new impetus for comprehensive cooperation between the two Parties and two countries, as well as among the Parties and countries of Vietnam, Cambodia, and Laos.

Samdech Techo Hun Sen (3rd from right), President of the Senate and Acting Head of State of Cambodia, welcomes Vietnamese Party General Secretary To Lam (3rd from left) and the high-ranking delegation of Vietnam to the state banquet. (Photo: VNA)

Cambodia holds state banquet in honour of Vietnamese Party leader

Samdech Techo Hun Sen said that the state visit by General Secretary Lam and the high-ranking delegation of Vietnam has made an important contribution to the enhancement of the friendship, good neighbourliness, comprehensive cooperation and long-term sustainability in all areas between the two countries.

Party General Secretary To Lam meets with officials and staff of the Vietnamese Embassy and representatives of the Vietnamese community in Cambodia on February 6. (Photo: VNA)

Party General Secretary meets with Vietnamese community in Cambodia

General Secretary To Lam stressed that his state visit to Laos and Cambodia is of special significance, being the first overseas trip by a leader of the Vietnamese Party and State immediately after the 14th National Party Congress, clearly demonstrating the consistent policy of the Vietnamese Party and State to treasure and prioritise Laos and Cambodia.