Preparing the ecology for the green wave of FDI

DNHN - Mr Ta Dinh Thi, Vice Chairman of the National Assembly's Committee for Science, Technology, and the Environment, recently stated that after 35 years of economic innovation, Vietnam is a success tale emerging from underdevelopment.

To continue to grow rapidly and sustainably in the coming years, Vietnam must call for foreign investment but strongly mobilize and converge domestic and foreign resources for development as well as quickly transition to the "green growth" model. In this decade and the following decades, the trend of global competition will certainly be green competition. 

Mr Vo Van Hoan, Vice Chairman of Ho Chi Minh City People's Committee, said that to achieve the goal of economic recovery, rapid growth and sustainable development, Ho Chi Minh City needs to implement breakthrough programs in management innovation; breakthrough program on infrastructure development and breakthrough program on human resource development.

According to Mr. Hoan, the city focuses on developing the industry in the most depth, especially in the fields of high value-added science and technology based on the digital economy.

Simultaneously, gradually convert industrial parks and export processing zones that are based on outmoded technology to industrial parks and export processing zones that are based on high-tech, environmentally friendly, and labour-into labour-intensive.

Mr Hoan said: "We will focus on removing institutional obstacles and solving bottlenecks that hinder the city's development. This is also preparing the ecosystem to welcome a wave of green FDI to welcome investors. green to our sustainable city".

According to the  Ministry of Planning and Investment and World Bank estimates, implementing Vietnam's green growth goal by 2030 will require approximately US$30 billion, of which the state budget can fund only about 30%. Thus, if our economy is sluggish to embrace "green" industries, if enterprises are slow to make the "green transition" from operating models to production, investment, and trade procedures, we will miss out on numerous prospects for collaboration and progress.

 Quang Đao