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Wednesday, July 24, 2024

Seizing opportunities for sustainable growth

By Dung Nguyen

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Government officials, experts, and business executives gathered at the Green Economy Forum on August 18 to delve into Vietnam’s ambitious goal of achieving net zero emissions by 2050. The event spotlighted the considerable challenges facing the country on its path to sustainability, while also underscoring the promising opportunities that await local businesses committed to embracing a sustainable growth path. Business prospects Vietnam’s economy is yet to fully recover from the three-year impact of the Covid-19 pandemic. In the midst of mounting pressures, the global economic recession has added to the country’s uncertainties. As an active participant in the 26th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), Vietnam has showcased its commitment to attaining net zero emissions by 2050. This objective is acknowledged as a formidable task requiring unified action from both Vietnam and the international community. Yet, it also presents exceptional prospects for the nation to transition toward a low-carbon economy, mitigate the impacts of climate change, and foster sustainable development. Professor Dr. Jonathan Pincus, a senior international economist at the United Nations Development Program (UNDP), highlighted swift actions by governments, especially in the energy sector, in response to environmental concerns. Pham Phu […]
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