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Friday, June 21, 2024

HCMC promotes green growth at investment conference

The Saigon Times

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HCMC – Phan Van Mai, chairman of the HCMC People’s Committee, has called for stronger cooperation between the public and private sectors to establish a circular economy that focuses on both environmental responsibility and economic prosperity in the southern city.

His statement was given at an investment conference on green growth held yesterday, January 24, in District 1 as part of green and sustainable growth development activities organized by the HCMC-World Bank Joint Working Group (HWG).

The conference served as a platform to unveil HCMC’s strategic roadmap for achieving its green vision. Department representatives outlined a comprehensive framework for the green economy, encompassing development plans and innovative financing mechanisms.

Truong Minh Huy Vu, deputy director of the HCMC Institute of Development Research, pointed out the potential of the city’s green and digital transformation agenda. He said this shift aims not only to navigate the challenges post pandemic but also to fundamentally reshape HCMC’s long-term growth model.

Truong Minh Huy Vu speaks during the event

The institute proposed a four-pronged collaboration model involving the city’s government, scientists, businesses and investors. This approach aligns with the World Bank’s vision and covers key projects such as smart urban governance, renewable energy development, and innovation ecosystem creation. 

Building upon Resolution 98 adopted by the National Assembly to bestow special policies and mechanisms on the city, HCMC has made considerable progress towards green growth. Efforts are underway to implement sustainable urban management practices and prioritize resource conservation and environmental protection.

The city is actively reaching out to potential partners and inviting investment for key projects. These include the low-carbon development program, the underground space development project in Thu Duc City, the eco-friendly transformation of Can Gio District, and the construction of HCMC’s traffic transportation backbones.

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