Vietnam seeks to lure 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 to implement green growth and sustainable development targets.
Hanoi (VNA) – 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 res⛄ources to implement green growth and sustainable development targets.
Experts said green growth is essential to sustainable development and requires a close, good and harmonious combination between socio-economic development and environmental protection.
Speaking at the event, SBV Governor Nguyen Thi Hong stressed that the banking sector has proactively implemented tasks and solutions to support individuals and businesses to overcome difficulties and respond to negative impacts caused by the COVID-19 pandemic, confirming its role as the lifeblood of the national economy and contributing to the economic recovery and stability.
She said climate change poses risks and challenges to all economies worldwide, requiring them to promptly design response policies and scenarios.
As one of the countries most vulnerable to climate change, Vietnam has actively rolled out measures to deal with its impacts and promote green and sustainable growth simultaneously, Hong noted.
She underlined that the strong commitments Prime Minister Pham Minh Chinh announced at the 26th UN Climate Change Conference of the Parties (COP26), including net-zero emission in 2050, are highly valued by the international community, opening chances for the country to strengthen partnerships in circular economy development and climate change response.
The banking sector has actively contributed to the implementation of targets set in the National Strategy on Green Growth in the 2021-2030 period with a vision to 2050 through various activities, including the building of an action plan for the sector to realise the strategy, along with a circular on environmental and social risk management during credit provision activities.
BWG leader Michele Wee highlighted the significant role of finance in implementing green and sustainable growth goals, adding that Government support should be strengthened. With the participation and practical actions of the domestic private sector and through financial sources from the public and private sectors.
The discovery and access to new resources for climate change adaptation and the integration of environment and climate issues into corporate finance strategies remain challenges for governments, businesses and organisations striving to implement low carbon strategies, plans and projects, she said.
The SBV Governor added that Vietnam needs a close, reasonable and harmonious combination of socio-economic development and environmental protection.
Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said Vietnam needs about 360 billion USD to implement green and sustainable development goals to 2030, with half of those sourced from the private sector.
She recommended four measures to attract more resources for green and sustainable development goals, including building policies, improving access to green finance, building sustainable investment institutions and enhancing transparency in green financial development.
At the conference, participants discussed important issues related to the attraction of resources to support the implementation of green and sustainable development goals. In addition, the parties also provided information on the situation of resource mobilisation for Vietnam recently and related issues.
They focused on seeking specific solutions to unlock resources for green growth, creating confidence in international organisations and partners to mobilise resources for Vietnam to support the Government in fulfilling commitments at COP26.
At COP26 held in Glasgow, Scotland (the UK), in November last year, PM Pham Minh Chinh affirmed that Vietnam would capitalise on its advantages in renewable energy and take stronger measures to reduce greenhouse gas emissions.
Since COP26, Vietnam has been seriously and swiftly taking action to realise its commitments, as seen in establishing a national steering committee for implementing its pledges made at the conference, and the PM is head of this committee./.
Appropriate policies and regulations are needed to help fully exploit the untapped potential in developing the maritime economy, which plays an essential role in the socio-economic development of Vietnam, according to insiders.
The maritime economy should be guided towards sustainable development with a view to achieving “net zero” emissions by 2050. This is the commitment of Vietnam and other countries at the 26th United Nations Climate Change Conference of the Parties (COP 26) in Glasgow, Scotland in November last year.
Power Development Plan VIII plans to phase out coal-fired power plants to curb CO2 emissions, with no more new plants after 2030, according to a seminar held by the Ministry of Industry and Trade (MoIT) in Hanoi on June 22.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
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.
