Improve the investment environment, promote green economy and sustainable growth

Speaking at the Annual Vietnam Business Forum Technical Session with the theme “The business community accompanies the Government of Vietnam in realizing green growth goals” taking place in Hanoi on the morning of March 17, 2023. , Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said, 2022 is a year facing many difficulties and challenges, while Vietnam with a highly open economy has suffered many impacts from customer factors. outside view.

However, with the support of international organizations and the efforts of the business community, Vietnam’s economy has achieved many positive results. In 2022, the scale of Vietnam’s economy exceeded the $ 400 billion mark for the first time with a growth rate of 8.02%, far exceeding the set target and the highest growth rate in the past 10 years.

Along with economic growth, investment and trade activities all had positive growth with total foreign direct investment (FDI) reaching nearly 30 billion USD, import-export turnover reaching 732.5 billion USD. , bringing Vietnam into the Top 20 countries with the largest commercial scale in the world.

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc: LOAs a developing country, Vietnam has always identified green growth and sustainable development as an inevitable global trend.

Despite being in the post-Covid-19 recovery development phase, the realized capital of the foreign investment sector still increased by 13.5% over the same period, once again affirming the attractiveness of Vietnam’s investment environment. South on the regional and global investment map,” said Deputy Minister Nguyen Thi Bich Ngoc.

Despite being a developing country, Deputy Minister Nguyen Thi Bich Ngoc affirmed that Vietnam has always determined that green growth and sustainable development are the inevitable trends that are central to many countries and territories and are global in nature. bridge.

As early as 2012, the Government of Vietnam issued the National Strategy on Green Growth for the 2011-2020 period, with a vision to 2050. Along with that, the National Assembly has issued, supplemented and amended a number of laws. related to green growth.

In order to reaffirm the importance of green growth, towards the aspiration of fast and sustainable development, the Ministry of Planning and Investment has advised the Prime Minister to issue the National Green Growth Strategy for the period of 2021 – 2030, with a vision. to 2050 and the National Green Growth Action Plan for the period of 2021 – 2030.

Targeted strategy and action plan to promote economic restructuring in association with growth model innovation, achieve economic prosperity, environmental sustainability and social equity, towards a sustainable economy. green economy, carbon neutrality and contribute to the goal of limiting global temperature rise.

With the green economy and green transformation identified as an important long-term growth engine, Vietnam is actively implementing a roadmap to amend and supplement the legal framework to mobilize green finance and technology. green and encourage green production and investment, implement green transition, energy transition, move to a circular economy, low carbon emissions.

In that context, the Government of Vietnam has always determined that the business community plays an important and active role in the implementation of green economic goals and sustainable growth. “The Government, ministries/sectors and localities will definitely accompany and create the best support conditions in terms of mechanisms and policies so that businesses can feel secure to continue investing and doing business,” said Deputy Minister Nguyen Thi Bich Ngoc. .

Desiring to accompany the Government of Vietnam in realizing the green growth goal, Mr. Søren Roed Pedersen – Co-Chairman of the Vietnam Business Forum Alliance said: Green economic development, green growth is the trend of all. weaknesses of many countries in the world today, including Vietnam.

However, to achieve this goal, Vietnam has to face many difficulties and challenges, “We hope that the Vietnamese Government and ministries/sectors will accompany businesses to boost the economy. circulation in Vietnam”- Mr. Soren Roed Pedersen expected.

Regarding green growth, Mr. John Rockhold- Head of the Electricity and Energy Working Group of the Vietnam Business Forum welcomed the positive results that Vietnam’s electricity industry has achieved in 2022, such as soon put into operation. Many power grid projects release the capacity of renewable energy sources and ensure a safe and reliable supply of electricity for daily life and increased production demand after the epidemic period.

In 2023, Vietnam has set four goals for the energy transition, including: No new development of new coal power plants after 2030; continue to sharply increase the proportion of renewable energy sources to take advantage of Vietnam’s strengths; learn, early access to technologies using primary energy sources such as green hydrogen, green ammonia; improve the transmission and distribution infrastructure of the national power system. “The Electricity and Energy Working Group stands ready to work with the Government to support this process,” said John Rockhol.

Representatives of environmental working groups, agriculture working groups, investment and trade working groups, digital economy working groups, infrastructure working groups, education and training working groups, working groups human resource partners, tourism working groups, mineral working groups have made recommendations to improve the business investment environment in Vietnam to promote green economy and sustainable growth; At the same time, he is committed to accompanying the Government of Vietnam to promote green economy and sustainable growth…

Deputy Minister Nguyen Thi Bich Ngoc said that opinions and recommendations from the business community, and feedback from representatives of ministries and sectors of the Government of Vietnam will be input for the report at the VBF Summit 2023 with the owner. The theme “Business community accompanies the Government of Vietnam in promoting green growth” took place on March 19, 2023. The forum is co-organized by the Ministry of Planning and Investment, the World Bank and the International Financial Organization.

Le Kim Lien


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