Measures sought to attract resources for green, sustainable development
The State Bank of Vietnam (SBV) and the Banking Working Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measures to attract resources for the implementation of green growth and sustainable development targets.
The Government's support should be strengthened with the participation and practical actions of the domestic private sector. (Photo: nongnghiep.vn)
Hanoi (VNA) – The State Bank of Vietnam (SBV) and the BankingWorking Group (BWG) jointly held a conference in Hanoi on July 16 to discuss measuresto attract resources for the implementation of green growth and sustainabledevelopment targets.
SBV Governor Nguyen Thi Hongsaid that climate change is posing risks and challenges to all economies in theworld, requiring them to promptly design responce policies and scenarios.
As one of the most vulnerable countries to climate change,Vietnam has actively rolled out measures to deal with its impactsand promote green and sustainable growth at the same time, said Hong.
She underlined that the strong commitments PrimeMinister Pham Minh Chinh announced at the 26th UN Climate ChangeConference (COP26), including net-zero emission in 2050, have been highlyvalued by the international community, opening chances for the country instrengthening partnership in circular economy development and climate changeresponse.
The official said that over the years, the bankingsector has actively contributed to the implementation of targets set in theNational Strategy on Green Growth in the 2021-2030 period with a vision to 2030through various activities, including the building of an action plan of thesector to realise the strategy, along with a circular on environmental andsocial risk management during credit provision activities.
An overview of the conference. (Photo: VNA)
BWG leader Michele Wee highlighted the significant role offinance in implementing green and sustainable growth goals, adding that the Governmentsupport should be strengthened with the participation and practical actions of thedomestic private sector and through financial sources from the public and privatesectors.
According to Wee, Vietnam needs a close, reasonable andharmonious combination between socio-economic development and environmentalprotection.
At the conference, participants discussed important issuesrelated to the attraction of resources to support the implementation of greenand sustainable development goals. In addition, the parties also providedinformation on the situation of resource mobilisation for Vietnam recently, andas well as related issues. They focused on seeking specific solutions to unlockresources for green growth, creating confidence of international organisationsand partners to mobilise resources for Vietnam to support the Government in fulfillingcommitments at COP26./.
A circular economy aims to circulate the waste within a single enterprise or turn waste from one industry into a resource for another. According to the United Nations Industrial Development Organisation (UNIDO), a circular economy is a closed production cycle, where waste is returned as raw materials for production, thereby reducing any negative impact on the environment, ecosystems, and health.
Secretary General of the European Chamber of Commerce (EuroCham) Erwin Debarea has said the southern province of Binh Duong has potential to attract investors in green industries such as high technology, digital transformation, climate change mitigation and environmental protection towards green growth and sustainable development - areas of European investors' interest and priority.
Positive changes in the real estate sector are crucial if the country wants to meet its green growth targets. Along with construction, the sector is the source of nearly 40% of carbon emissions in the world and consumes about 36 percent of total power generated globally, according to experts.
Some energy efficiency solutions were shared at a workshop in Ho Chi Minh City on July 21, expected to help the southern economic hub achieve green growth and sustainable development in the near future.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.