FM attended int’l conference on green finance for sustainable development
WVR/VNA - On November 25, Foreign Minister Bui Thanh Son attended an international conference which was held in Hanoi to seek the enhancement of cooperation with global investment institutions to mobilise green finance for State-owned enterprise (SoE) restructuring and sustainable development.
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| FM attends int’l conference on green finance for sustainable development: Foreign Minister Bui Thanh Son delivered the opening speech of the international conference “Enhancing cooperation with global investment institutions in mobilizing green finance for sustainable development and State-owned enterprise restructuring in Vietnam”. (Photo: WVR/Tuan Anh) |
The conference, under the theme “Enhancing cooperation with global investment institutions in mobilizing green finance for sustainable development and State-owned enterprise restructuring in Vietnam”, was held by the Ministry of Foreign Affairs (MOFA), the Commission for the Management of State Capital at Enterprises, and the State Capital Investment Corporation (SCIC), attracting the participation of more than 30 international investment funds and financial institutions in the hybrid format.
Delivered the opening speech at the Confererence, Minister of Foreign Affairs Bui Thanh Son said that fluctuations in the global economy are in keeping with emerging trends such as green transformation and reshaping supply and production chains, setting new and urgent requirements in the implementation of sustainable development goals.
Countries are faced with the requirement to further strengthen their adaptive capacity and resilience, restructure their economies towards sustainability, ensure strategic balances between the short and long term, and take advantage of green economic drivers, circular economy and effective attraction of resources for sustainable growth. At the international level, sustainable growth is a global issue with the shared responsibility of countries and stakeholders.
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| International conference on green finance for sustainable development held in Hanoi in hybrid format. (Photo: WVR/Tuan Anh) |
Therefore, it is essential to establish public-private and multi-stakeholder partnerships towards sustainable development goals.
Multilateral development banks, development partners, multinationals, and global funds are playing an increasingly important role in providing green investment, green finance, and technological and human resources for development, he noted, adding that effectively mobilising external resources to be combined with domestic ones to boost sustainable socio-economic development is a target and also an urgent need of the Vietnamese Government.
With the view of combining national strength with the favourable conditions of the era, making the most of internal resources and taking advantage of external resources, building an independent and self-reliant economy associated with proactive and active international integration, Vietnam has expanded its external relations and promoted economic-trade-investment cooperation with all international friends within the bilateral and multilateral framework, becoming a destination to foreign businesses and investors.
Aside from foreign direct investment, Vietnam is also stepping up the attraction of green finance and capital from investment funds to help accelerate economic restructuring, a focus of which is SOE restructuring, and capitalise on new driving forces for green transition and green growth.
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| Participants at the international conference took a photo. (Photo: WVR/Tuan Anh) |
Minister Bui Thanh Son affirmed that, with that strong determination, Vietnam is a place that fully converges all the elements of a promising destination for investments and green and sustainable capital of Investment Funds and international financial institutions. Vietnam also is an economy that integrates more and more deeply into the regional and global economy, with the potential to become a center connecting supply chains and an important link of FTAs. the world's largest scale such as CPTPP, RCEP ...
He said that the Ministry of Foreign Affairs and Vietnamese Representative Missions abroad were ready to act as a bridge to promote the realization of investment and business cooperation opportunities between Vietnam and their international partners.
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| Foreign Minister Bui Thanh Son attends international conference on green finance for sustainable development: Delegates participated at live and online discussion session. (Photo: Tuan Anh) |
At the event, participants suggested some policies for Vietnam to attract finance for sustainable development, introduced good practices in the public investment fund management connected with the SoE restructuring, and presented experiences in utilising public - private resources for green transition./.
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(Source: WVR/VNA)
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