Vietnam business forum discusses mobilising resources for green transition
Vietnam needs international support, financial cooperation, cutting-edge technology and high-quality personnel to serve its green transition, Prime Minister Pham Minh Chinh told a business forum in Dubai on December 2.
Prime Minister Pham Minh Chinh witnesses the exchange of cooperation documents at the business forum. (Photo: VNA)
Dubai (VNA) – Vietnam needs internationalsupport, financial cooperation, cutting-edge technology and high-qualitypersonnel to serve its green transition, Prime Minister Pham Minh Chinh told abusiness forum in Dubai on December 2.
The Vietnam Business Forum, themed “MobilisingResources for the Green Transition”, was jointly held by the Vietnamese Ministryof Planning and Investment, the Vietnamese Embassy in the UAE and the GlobalWind Energy Council. It saw the attendance of representatives from the COP28 OrganisingCommittee and nearly 200 leaders of the United Arab Emirates (UAE), internationalorganisations, businesses operating in the fields of energy, manufacturing,finance and banking, and investment funds.
PM Chinh briefed the participants on Vietnam’s situation, stressing the country will not trade socialprogress, equality and welfare, as well as environment for economic growth.
He highlighted that the country is focusing on developing digitaleconomy, green transition, circular economy, knowledge-based economy, andsharing economy, with science, technology and innovation taken as new drivingforce, and green transition an objective and strategic choice.
Vietnam will focus efforts on building socio-economicdevelopment plans in accordance with its distinct potential, outstandingopportunities, and competitive advantages, while providing legal support forbusinesses, removing their obstacles, and protecting their legal and legitimaterights and interests, he pledged.
He used the occasion to call on partners to continuetheir support for Vietnam’s green development in the spirit of "harmoniousbenefits, shared risks."
At the forum, leaders of international organisationsand businesses commended the investment environment in Vietnam, especially the country's green development strategy, and shared the view that Vietnam boastsgreat potential for renewable energy development, especially wind energy.
The delegates engaged in in-depth discussions on acceleratinggreen transition in Vietnam by optimising its wind power energy potential, andproposed policies and solutions in this regard, including measures to encourage the financial sector to participate in the green transition process and necessary conditions to mobilise large-scale financial funding.
Many cooperation agreements were inked at the forum,covering aviation, carbon credit transactions and carbon emission reduction,and trade collaboration./.
Low-carbon economic development towards a circular economy is becoming an inevitable tendency in the framework of the green transition with the creation and development of carbon markets seen as an increasingly crucial tool.
Deputy Prime Minister Le Minh Khai suggested Australia and New Zealand Banking Group Limited (ANZ) invest in high-tech, green transition, clean energy and renewable energy in Vietnam at a reception for its Chief Executive Officer Shayne Elliott in Hanoi on November 29.
Vietnam is set to participate in important initiatives at the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), held in the UAE from November 30 to December 12, said Deputy Minister of Natural Resources and Environment Le Cong Thanh.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Prime Minister Pham Minh Chinh witnesses the exchange of cooperation documents at the business forum. (Photo: VNA) 
