FDI enterprises commit to accompanying the implementation of green growth goals

With strengths in capital and technology, FDI enterprises play a leading role, accompanying domestic enterprises in implementing the goals of the National Strategy on Green Growth.

This year's Green Growth theme is a continuation of the 2023 event. This is the first time this important annual Forum has been combined with the Prime Minister's Conference to meet the FDI business community. And that is why the role of FDI enterprises in implementing green growth and sustainable development is further emphasized in the event.

According to a report by the World Bank (WB), Vietnam lost 3.2% of its GDP in 2020 due to the impact of climate change. And this figure could reach 12 - 14.5% of GDP by 2050. Therefore, we need to accelerate efforts to cope with climate change and reduce emissions.

With strengths in capital, technology, management, network, and market, FDI enterprises play a pioneering role, leading and accompanying domestic enterprises in implementing the goals of the National Strategy on Green Growth. At the forum, enterprises also shared their commitments, roadmaps, and policy proposals for Vietnam.

Mr. Gabor Fluit - Chairman of the European Chamber of Commerce in Vietnam (EuroCham) said: "Today, European businesses have committed to investing 15-20 billion USD in Vietnam. The Vietnamese Government has very quickly set goals and action strategies for green growth and we are willing to accompany. We hope that the Vietnamese Government, with new fields such as semiconductor chips, needs to have legal regulations on sustainable production so that they can comply with both production and environmental protection factors."

"Currently, there are about 10,000 Korean enterprises investing in Vietnam and this number is increasing. They have also gradually converted their production lines to green, such as using renewable energy. However, Korean enterprises also want to have solar power supply contracts from Vietnamese partners to optimize production costs," said Mr. Hong Sun - Chairman of the Korean Business Association in Vietnam (KoCham).

Mr. Stuart Livesey - Vice Chairman of the Green Development Subcommittee, EuroCham said: "Vietnam has a lot of potential to become a sustainable supplier in the green supply chain of FDI enterprises because we see that the application of ESG practices in Vietnamese enterprises is becoming clearer and more effective. The Vietnamese Government can have incentives on capital and interest rates for pioneering enterprises in green transformation to improve the competitiveness of enterprises".

In his speech at the conference, the Prime Minister called on FDI enterprises and foreign investors to join Vietnam in implementing green transformation and sustainable development in the spirit of "three pioneers". First, pioneering in awareness, thinking and action on green growth. Second, pioneering in technology transfer, promoting research and development, innovation to serve green growth. Third, pioneering in implementing green growth projects.

Prime Minister Pham Minh Chinh also affirmed that Vietnam is committed to "three guarantees", promoting "three breakthroughs" and implementing "three enhancements" so that investors can feel secure in their operations and development.

Doanh nghiệp FDI cam kết đồng hành thực hiện mục tiêu tăng trưởng xanh - Ảnh 1.

Prime Minister Pham Minh Chinh emphasized: The first guarantee is to ensure the legitimate and legal rights and interests of enterprises. The second is to ensure political stability, social order and safety, independence, sovereignty, and territorial integrity so that you can feel secure in long-term investment. The third is to stabilize energy towards green transformation, green ecosystem, green transformation, digital transformation development, and digital economy.

"03 boosts" are to boost institutional breakthroughs, infrastructure breakthroughs, and especially infrastructure for green transformation and digital transformation so that you have the conditions to develop, reduce costs, and increase competitiveness. The third breakthrough is a breakthrough in administrative reform and training of high-quality human resources.

"3 enhancements" include enhancing trust between businesses in general, FDI enterprises with the Government and authorities at all levels. Enhancing publicity, transparency, equality, preventing and combating corruption and negativity. Enhancing support for businesses to develop rapidly and sustainably towards green growth, digital transformation, public-private partnership, and enhancing risk management for businesses.

According to VTV

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