Hai Phong (VNA)ꦍ – Deputy Prime Minister Tran Hong Ha said the Government is committed to the continued development of thegreen economy, including renewable energy, while attending the 4th Vietnam Development Bridge 2024 Forum and the Golden Dragon Awards programme in Hai Phong on April 10.

With the theme of "Vietnam moving towards a green,sustainable economy: From strategies and policies of the Government toinitiatives and solutions of localities and businesses", the forum was attended by representatives of diplomatic agencies,leaders of 25 provinces and cities in the northern region, along with businessassociations and nearly 300 foreign investment enterprises in Vietnam. Ha said all nations in the world are facing global challenges thateach country cannot solve alone without other countries' assistance. Along with many other countries around theworld, Vietnam is now poised to transition from brown to green growth, improve the quality oflife, and ease impacts of climate change The private sector, the Government,international partners, localities, and financial institutions in Vietnam willfind solutions to the problems in this aspect, and countries have to sit together tofind an effective cooperation mechanism, the Deputy Prime Minister said. He added that Vietnam already has a basic legalframework and the Government pledged to continue improving and promoting thedevelopment of the green economy, including the field of renewable energy. According to a recent assessment by the EuropeanCommission (EC) of the current global market size, green products and servicesare estimated to top 5 trillion USD  and may have a much higher growth rate thanother traditional markets. It is forecast that by 2030, the green economy will have create about 24 million new jobs globally. The green economy also creates opportunities tostrongly attract investors in many new fields such as renewable energy, smarttransportation, smart agriculture, green urban areas, green construction, andgreen finance. On the national level, the green growth strategy alsodemonstrates the determination and desire to develop a strong and sustainablecountry. By 2025, greenhouse gas emissions inventories will bemandatory for businesses. The plenary session ofthe forum will focus on discussing and updating new international trends in thegreen economy, low carbon economy, and net – zero economy./.