The 2025 P4G Vietnam Summit successfully wrapped up

The 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit – the first hosted by Vietnam, successfully wrapped up on April 17.

Prime Minister Pham Minh Chinh, Prime Minister of Ethiopia Abiy Ahmed Ali, Deputy Prime Minister and Foreign Minister Bui Thanh Son, along with many other domestic and international senior officials, attended the closing ceremony.

Five key agreements reached at the four-day summit, including:

- Agreement on mobilizing finance to promote green transition and sustainable development, public-private partnership models, and innovative financial policies;

-  Agreement on encouraging research and development of green technology solutions;

- Agreement on transformation of sustainable agriculture and food systems;

- Agreement on the development and training of a high-quality workforce, especially in the fields of science, technology, and innovation; and

- Agreement on effective and sustainable energy transition that is environmentally friendly.

The summit adopted Hanoi Declaration on Sustainable and People-centered Green Transition, and the Declaration on Strengthening Multilateral and Institutional Partnerships to Promote Green Transition and Sustainable Development.

PM Pham Minh Chinh was quoted by the Government News as stating at the closing ceremony that Vietnam pledges to work with member countries and international partners in realizing the commitments and initiatives put forth at the summit, thus contributing to promoting a greener and more sustainable future.

The Vietnamese leader called on countries, organizations, and businesses to strengthen cooperation with P4G members, contribute responsibly to green future of the world, turn commitments into actions, ideas into concrete projects, and consensus into strong determination for implementation, towards a sustainable and prosperous future for all nations, and peoples.

 

 

The success of the summit reaffirmed Vietnam's pioneering role in addressing global challenges, making contribution to the collective efforts of the international community and leveraging valuable international resources for the country's socio-economic development, according to him.

As part of the summit, a signing ceremony took place for three loan agreements between Vietnam and the Asian Development Bank (ADB) as well as the International Bank for Reconstruction and Development (IBRD) to provide financing for projects on climate change-adaptive infrastructure, serving for sustainable development, with a total value of nearly $400 million.

Ms. Robyn McGuckin, P4G’s Executive Director, expressed her gratitude to the Vietnamese Government for successfully organizing the P4G and for inspiring leaders to take action against climate change, promoting multilateral cooperation, and coordinating policies towards sustainable and inclusive development.

She announced an additional US$4.7 million in support for 17 innovative startup partnerships and reaffirmed the commitment of the Government of South Korea to contribute $1.8 million to P4G.

At the summit, countries and international organizations made numerous commitments to supporting and contributing to the goals of green transition and sustainable development.

Specifically, South Korea is committed to providing financial support for P4G in the upcoming period while the UAE will provide $50 billion for renewable energy projects in 70 countries.

Besides, Japan will support multiple projects in 25 countries through a credit-sharing mechanism, contributing to the global carbon reduction target.

Countries also set targets for reducing greenhouse gas emissions and achieving carbon neutrality through their nationally determined contributions (NDCs).