Demand for green finance in Vietnam was discussed by experts at the “Green bond market development and financial resource mobilization for green and sustainable growth” conference held in Ho Chi Minh City on September 30. To further promote the green bond market, the Ministry of Finance (MoF) said it is coordinating with the Ministry of Natural Resources and Environment (MoNRE) to complete the Prime Minister’s draft Decision on a green classification list. The MoF will also recommend that relevant authorities issue policies to increase incentives for green bonds.
Attracting green projects into the production of raw materials, forming a supporting industry, and digitalizing the production process are keys to helping the textile industry develop sustainably in the new context. The industry also needs to selectively attract FDI, prioritizing projects with advanced technology that do not have any adverse impact on the environment.
A resource and environment data sharing platform announced by the Ho Chi Minh City Department of Natural Resources and Environment on August 17 provides a geospatial data sharing channel for nearly 450 data sets through open and international transaction standards.
At the 5th National Environment Conference, held by the Ministry of Natural Resources and Environment on August 4, Deputy Prime Minister Le Van Thanh emphasized that having a green economy, a circular economy, and a low carbon economy is the best way to ensure sustainable economic development, and that the environment would not be sacrificed for growth.
Ms. Kristin Hughes, Director of the Global Plastics Action Partnership (GPAP) and Executive Board Member at the World Economic Forum (WEF), told the Vietnam Circular Economy Forum 2022 on June 28 that Vietnam has shown its leading role in the overall process of protecting the global environment, helping the world establish international agreements. She affirmed that GPAP wishes to continue to cooperate with Vietnam in reducing environmental pollution from plastics.
