Minister of Foreign Affairs Bui Thanh Son (second from left) at IPMF-3 (Photo: VNA) Brussels (VNA) – Minister of Foreign Affairs Bui Thanh Son has expressedVietnam's readiness to collaborate closely with the EU in building an exemplarycooperation model for green transformation, aiming to support developingnations, including Vietnam, in bridging gaps in finance, technology and humanresources training.
As the keynote speaker at the round-table discussion themed “Green Transition:Partnering for a Sustainable Future”, as part of the third EU Indo-Pacific MinisterialForum (IPMF-3) in Brussels, Belgium on February 2, Son also affirmed Vietnam's commitment to climate change mitigation and strong green transformation, highlighting its journey from the 26th United Nations Climate Change Conference of the Parties (COP26) to its recent distinction as one of the first three countries to establish the Just Energy Transition Partnerships (JETP).
Turning his attention tothe EU's new regulations on green transformation, particularly the CarbonBorder Adjustment Mechanism (CBAM), Son stressed that developed countries' policies and regulations should create opportunities for growth rather than erecting newbarriers to trade - a fundamental driver for the growth of many developingcountries.
Heurged EU countries to assist Vietnam and other developingnations in adapting by sharing experiences and best practices, and coordinate in building policies and mechanisms on carbon trading andpricing.
Participating ministers engaged ina comprehensive exploration of solutions to integrate economicrecovery and climate change response into green transformation, ensure energy security and social fairness,and the role of the EU-Indo-Pacific partnership.
They emphasised that with the EU's expertise and experience in greening economic models, alongwith its financial resources, cooperation in green transformation wouldbecome a cornerstone of the EU's partnership with countries in the region.
As an EU initiative since2022, the IPMF is held annually for foreign ministers from EU and Indo-Pacificcountries to share cooperation prospects between the two regions. Priority cooperation areas have so farfocused on inclusive and sustainable prosperity, green transformation, oceangovernance, partnership relations and digital governance, connectivity,national security, and human security./.
