Vietnamese PM calls for stronger partnership with Global Green Growth Institute

Welcoming the GGGI’s goal to mobilise an additional 1 billion USD in green financing for Vietnam for the 2024-2028 period, PM Chinh highlighted Vietnam's commitment to accelerating energy transition, green growth, and sustainable development, seeing them as key drivers for the nation's growth in the new era.

Prime Minister Pham Minh Chinh (R) hosts a reception for GGGI Director-General Sang-Hyup Kim in Hanoi on April 17. (Photo: VNA)
Prime Minister Pham Minh Chinh (R) hosts a reception for GGGI Director-General Sang-Hyup Kim in Hanoi on April 17. (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh urged the Global Green Growth Institute (GGGI) to enhance cooperation initiatives in Vietnam’s push towards sustainable development while hosting a reception in Hanoi on April 17 for its Director-General Sang-Hyup Kim, who is in Vietnam to attend the 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit.

Welcoming the GGGI’s goal to mobilise an additional 1 billion USD in green financing for Vietnam for the 2024-2028 period, PM Chinh highlighted Vietnam's commitment to accelerating energy transition, green growth, and sustainable development, seeing them as key drivers for the nation's growth in the new era.

The Vietnamese leader expressed his appreciation for the institute’s contributions to global sustainability efforts and its practical cooperation with various Vietnamese ministries, agencies and localities in the area, particularly its role in mobilising financial resources for green projects in Vietnam.

vna-potal-thu-tuong-tiep-tong-giam-doc-vien-tang-truong-xanh-toan-cau-7977598.jpg
At the reception in Hanoi on April 17 (Photo: VNA)

He requested the GGGI to support Vietnam in policy consultancy and consultation, legal framework development, green capital mobilisation, technology research and transfer, human resources training, and building a comprehensive green ecosystem, adding they will help Vietnam promote comprehensive, sustainable and inclusive green growth, contributing to the country’s socio-economic development.

PM Chinh also urged the GGGI to provide funding for both public sector and public-private partnership projects, enhance connections with credit organisations and financial institutions to secure green growth capital, and advise on the implementation of green projects to effectively utilise the targeted 1 billion USD investment.

Kim, for his part, praised Vietnam as a founding member and one of the GGGI's strongest partners, emphasising that the country has the potential to become a core member of the organisation.

He noted that the GGGI has already helped mobilise over 300 million USD for green investments in Vietnam and is working towards the 1 billion USD target by 2028. Besides, he identified significant opportunities for expanded cooperation, particularly in connecting financial institutions to mobilise green finance, issuing green bonds, supporting startups, and establishing innovation centres to facilitate Vietnam’s green transition.

Kim took this occasion to thank PM Chinh for backing an agreement between the Vietnamese Government and the GGGI, commending Vietnam's strategic mindset and strong leadership in green transition, digital transformation, and AI development.

The official also pledged to continue substantive activities to support Vietnam's green development path and strengthen cooperation between Vietnam and and the Republic of Korea (RoK) in such domains as green transition, information technology, agriculture, and energy.

The GGGI began as a research institution in the RoK before becoming an international organisation in 2012 through a multilateral agreement at the UN Conference on Sustainable Development in Brazil (Rio+20). Vietnam ratified the document on the establishment of the GGGI in late 2012./.

VNA

See more

Party General Secretary To Lam shakes hands with a Belarusian veteran with outstanding contributions to Vietnam. (Photo: VNA)

Party chief calls for closer friendship between Vietnam, Belarus

Vietnam consistently attaches importance to its traditional friendship with Belarus and wishes to further strengthen cooperation across all fields for the mutual benefit of the two nations, and for peace, cooperation, and development in the region and around the world.

Russian Deputy PM Dmitry Chernyshenko (L) bids farewell to Party General Secretary To Lam and his spouse. (Photo: VNA)

Party General Secretary To Lam wraps up official visit to Russia

The visit also showed that Vietnam wants to further strengthen political trust between the two countries, identify orientations to bring the traditional friendship and Comprehensive Strategic Partnership with Russia to new heights, strengthen the cooperative relationship between the Communist Party of Vietnam and major political parties in Russia.

General Secretary of the Communist Party of Vietnam Central Committee To Lam meets with Russian intellectuals, scholars, and experts who had supported Vietnam in the past. (Photo: VNA)

Party General Secretary meets with Russian experts, intellectuals

General Secretary Lam expressed heartfelt gratitude for the significant and sincere support from Soviet Union and Russian experts during Vietnam's past struggle for national liberation and reunification as well as its current national construction and development process.

The private economic sector is the most important momentum of the national economy. (Photo: VNA)

Party leader highlights new momentum for economic development

In Vietnam, the multi-sector economy was officially recognised in the documents of the 6th National Party Congress; the encouragement and facilitation of private economic development was affirmed at the 7th congress, and further emphasised at the 8th congress.

Party General Secretary To Lam (R) and Chairman of the "A Just Russia – Patriots – For Truth" Party Sergey Mironov. (Photo: VNA)

General Secretary To Lam meets with Russian Party leader

General Secretary To Lam affirmed that the foreign policies of independence and self-reliance of Vietnam and Russia are an important pillar, and its cooperation with Russia, including collaboration via the Party channel, is significant to Vietnam's development in the new era.