UNDP continues to support Vietnam in its green transition.

DNVN - The United Nations Development Programme (UNDP) will continue to support Vietnam in its green transition process. This includes mobilizing public and private capital as well as promoting international partnerships to achieve net-zero emissions by 2050.

In his opening remarks at the Vietnam Finance Forum 2024, themed "Financial Policies to Boost Aggregate Demand and Support Economic Development," on November 29th, Deputy Minister of Finance Bui Van Khang emphasized that the forum is an opportunity to exchange and discuss the global and Vietnamese economic and financial situation.

With the experience of experts, managers, scientists, and speakers from both domestic and international backgrounds, the forum will contribute many new and groundbreaking financial solutions to advise the Government on the development and management of fiscal policy. This will promote economic growth in the short term, as well as comprehensively reform the economy in the coming period.

Vietnam Financial Forum 2024.

Mr. Patrick Haverman, Deputy Resident Representative of UNDP in Vietnam, stated that UNDP has been supporting Vietnam in reforming fiscal policy, managing public finances, and promoting sustainable finance to create an inclusive and equitable financial system.

UNDP will continue to support Vietnam in its green transition, including mobilizing public and private capital, as well as promoting international partnerships to achieve net-zero emissions by 2050.

Speaking on behalf of the European Union, Gonzalo Serrano de la Rosa shared that the forum is an opportunity for the EU to share lessons learned in economic recovery and addressing challenges. The EU's experiences will offer fresh perspectives and enrich the discussions.

Dennis Quennet, Director of Sustainable Economic Development at the German Development Cooperation Organization (GIZ), emphasized that the forum is an opportunity to discuss financial policies that promote sustainable economic development in Vietnam.

“GIZ has 30 years of experience supporting Vietnam in the economic and financial sectors, including strengthening public financial management. We will continue to work closely with the Ministry of Finance and partners in policy development and sharing international experiences on effective public resource management, helping Vietnam achieve its economic goals and sustainable development,” said Dennis Quennet.

Against the backdrop of ongoing global economic uncertainty, this year's forum takes place at a particularly crucial time as the Vietnamese economy faces numerous difficulties and challenges. Although GDP growth in the first nine months of 2024 reached 6.82% and CPI increased by 3.88%, unfavorable factors from the global economy as well as slow domestic purchasing power have impacted the overall demand of the economy.

In addition, many domestic businesses are still facing difficulties, with the number of businesses withdrawing from the market in the first 10 months of 2024 increasing by 18.4% compared to the same period last year. However, the Vietnamese economy still recorded some positive signs such as a trade surplus of US$23.31 billion and realized foreign direct investment reaching US$19.58 billion, a slight increase compared to the previous year.

Ha Anh

Source: https://doanhnghiepvn.vn/kinh-te/chinh-sach/undp-tiep-tiep-tuc-dong-hanh-cung-viet-nam-trong-chuyen-doi-xanh/20241130083922632