Society

Vietnam seeks strengthening financial resources to advance gender equality

Regulators, civil society organisations and the private sector put forth various recommendations to strengthen financial resources to promote gender equality in Vietnam during a conference in Hanoi on August 17.
Vietnam seeks strengthening financial resources to advance gender equality ảnh 1Illustration. (Photo: thanhnien.vn)
Hanoi (VNA) – Regulators, civil societyorganisations and the private sector put forth various recommendations tostrengthen financial resources to promote gender equality in Vietnam during aconference in Hanoi on August 17.

They suggested ways to apply gender-responsible budgeting, ensure that the needs of women, men and others are fully considered throughout thebudget cycle, and reinforce supervision by the communities, such as civilorganisations and people, over public investment budget allocation from a genderperspective.

The conference on “Strengthening Financial Resources toAdvance Gender Equality in Vietnam” was held by the Ministry of Planning andInvestment (MPI), the Institute for Development & Community Health (LIGHT)in collaboration with the UN Entity for Gender Equality and the Empowerment ofWomen (UN Women) under the UN Joint Programme on Supporting Vietnam towards the2030 Integrated Finance Strategy for Accelerating the Achievement ofSustainable Development Goals (SDGs).

In her opening remark, LIGHT Deputy Director Dr. Nguyen ThuGiang said as gender equality is important to realising SDGs, it requiressupport policies from the central to local level. It is critical that localdevelopment and budget planners have better understanding of gender equalityand incorporate it into planning.

The revised 2015 Law on State Budget, which introduced groundrules for ensuring gender equality in State budget spending, has brought aboutmajor progress in this matter, Giang said. However, many challenges still lieahead, she added.

Vietnam seeks strengthening financial resources to advance gender equality ảnh 2The conference on “Strengthening Financial Resources to Advance Gender Equality in Vietnam” was held by the Ministry of Planning and Investment (MPI), the Institute for Development & Community Health (LIGHT) in collaboration with the UN Women on August 17. (Photo: VNA)
Therefore, this conference is to focus discussion on the roles that stakeholders, including the private sectors and civil societyorganisations, play in enhancing financial resources for gender equality aswell as challenges facing the process.

Elisa Fernandez Saenz, UN Women Representative in Vietnam,said Vietnam has made various achievements in advancing gender equality and empoweringwomen. However, a lack of financial resources remains one of the biggestbarriers hampering the country’s efforts to fulfill its gender equalitycommitments and SDGs, according to Saenz.

Many foreign sponsors have reduced financial support forgender equality advancement in Vietnam, given that the country is now amiddle-income country, she said, emphasising that it is very crucial forVietnam to be able to mobilise domestic financial resources for addressing theissue.

The UN Women has introduced a number of tools to incorporategender equality into the national planning for the accomplishment of SDGs, shenoted./.
VNA
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