Monday, November 19 2018

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Việt Nam commits to green growth partnerships

Update: October, 21/2018 - 18:00
Group photo of countries’ representatives attending the event.— VNA/VNS Photos Thống Nhất
Viet Nam News

COPENHAGEN – Việt Nam is ready to foster public-private partnership (PPP) projects in green growth, saving energy, water resources and smart city development in order to put into practice initiatives of Partnering for Green Growth and the Global Goals 2030 (P4G), Prime Minister Nguyễn Xuân Phúc affirmed on Saturday while delivering a key note speech at the first ever P4G Summit in Copenhagen, Denmark.

 

“Việt Nam will join hands with P4G partner countries to reach the sustainable development goals (SDGs) by 2030,” Phúc said, believing that green growth’s P4G PPP projects would be soon set up and implemented, contributing to substantially boosting the process of realising global SDG targets.

 

As one of nine P4G partner countries, Việt Nam established the P4G National Platform in July this year with the chairmanship of Ministry of Planning and Investment, Vietnam Chamber of Commerce and Industry and the participation of domestic and foreign invested enterprises.

 

The PM believed that the Vietnamese business community would show their commitment together with the Government reaching SDG targets towards 2030. The Vietnamese Government has also made efforts in boosting sustainable development.

 

In September Việt Nam hosted an international conference on plastic waste which highlighted the urgent need to sort waste at home. The Government has listened to a number of proposals recommended by the business community at this conference and put them into practice, he said.

PM Nguyễn Xuân Phúc delivers a key note speech at the first ever P4G Summit. — VNA/VNS Photos Thống Nhất

Phúc spoke highly of P4G, especially the Danish Government, in promoting sustainable development through green growth strategies, and in particular, offering financial assistance to two Vietnamese start-ups within the framework of the programme.

 

These two partnership initiatives – a water loss reduction project and Viet Nam Materials Marketplace – received funding of US$100,000 each from P4G.

“Việt Nam wishes to continue receiving assistance and looks to further potential projects with the aim of helping Việt Nam’s P4G National Platform scale up co-operation activities in the sector,” he said.

 

P4G is a global initiative with the ambition of becoming the world’s leading forum for developing concrete PPP at a scale to deliver on SDGs and the Paris Climate Change Agreement. P4G was established last year with initial funding over five years from Denmark. The international partners include Chile, Denmark, Ethiopia, Kenya, the Republic of Korea, Mexico and Việt Nam.

 

About 30 leaders of Vietnamese enterprises in the sectors of clean energy, industry, investment and high technology attended the P4G Copenhagen Summit 2018.

The P4G Summit, which took place on Friday and Saturday, was attended by governments, global companies, entrepreneurs, academics, and civil society from 53 countries

 

Together with PM Phúc, other high-level leaders of P4G partner countries including Danish Prime Minister Lars Looke Rasmussen, President of the Republic of Korea Moon Jae-in, Ethiopia’s President Mulatu Teshome and Netherlands’ Prime Minister Mark Rutte also attended the session on Global Leadership for a sustainable future in which they agreed on the urgent need to respond to climate change and rising water levels. They believed that countries need to share experience and support each other to overcome climate change challenges.

 

The leaders appreciated initiatives launched at the summit which are considered to be a map for partner countries to roll out green growth policies and foster collaboration among nations.

 

The leaders committed to use raw materials until 2030 and to realise this target, they agreed that the efforts need to be made not only by the governments but also by business and civil society.

Participants have wrapped up the inaugural summit with the endorsement of the Copenhagen Commitment which aims to accelerate positive action on combating climate change and to speed up delivery of the UN SDGs. The new powerful alliance of global leaders have declared the commitment in recognition that the world needs concrete partnerships to get the job done.— VNS

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