Green engagement rides high in Vietnam

Vietnam has taken strong action to promote green development among businesses, amid the country facing challenges in finance and technology.

- Nguyen Dat

Vietnamese Party General Secretary To Lam told the fourth Summit of the Partnering for Green Growth and the Global Goals 2030 (P4G), organised last week in Hanoi, that Vietnam is focused on strategic breakthroughs to prepare for a national development process that is fast, inclusive, and sustainable.

"We will strongly transform political commitments into practical actions, creating motivation for businesses and the whole society to participate in sustainable economic development, in which green institutions are the decisive foundation," General Secretary Lam stressed at a hall attended by government leaders, UN representatives, diplomats, experts, and entrepreneurs.

General Secretary Lam also stressed that when it comes to green transformation, despite being a developing country with a transitional economy and limited resources, Vietnam has achieved some important results.

Besides making a 2050 net-zero commitment in 2021, Vietnam also endorsed six global initiatives at the time, on forest and land use, methane, clean power transition, sustainable food and agriculture, and more.

"Vietnam is now a leading country in supplying renewable energy in ASEAN, with wind and solar power capacity accounting for two-thirds of ASEAN's total capacity," he said.

"Additionally, Vietnam is also a good example of encouraging sustainable agriculture. The initiative to develop one million hectares of high-quality and low-emission specialised rice is a pioneering model that many partners and international organisations are interested in."

A greener future

Vietnam is an active and responsible member of all multilateral mechanisms and major initiatives on green growth and energy transition such as the Paris Agreement on climate change, the Just Energy Transition Partnership, and the P4G.