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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.
Measures sought to attract resources for green, sustainable development ảnh 1The 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.

Measures sought to attract resources for green, sustainable development ảnh 2An 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./.
VNA

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