(MPI) - With the theme “FDI enterprises pioneer in implementing Green Growth Strategies”, the Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum (VBF) was held in Hanoi on March 19 under the co-chairing of Minister of Planning and Investment Nguyen Chi Dung, Country Director for Vietnam of the World Bank Carolyn Turk and Country Manager for Vietnam of the International Finance Corporation Thomas Jacob. Prime Minister Pham Minh Chinh attended the meeting.

Minister of Planning and Investment Nguyen Chi Dung speaks at the meeting. Photo: MPI

Speaking at the meeting, Minister Nguyen Chi Dung spoke highly of the business community’s contribution over the past time, adding that enterprises, including FDI ones, will be both object and subject that actively participating in implementing the Party and the State’s guidelines and policies, especially in building and perfecting institutions towards a rapid and sustainable development in the new period.

FDI enterprises are being the pioneer and taking the lead in realising the Green Growth Strategy for the 2021-2030 period with a vision to 2050, including applying ESG (Environmental, Social and Governance) in business production.

With its potential and position in the global supply chain, Vietnam sees huge opportunity in realising green growth goals and having ability to transform, catch up, move forward, surpass and make a leap in economic, social and environmental development. Green growth is the key to ensuring the successful implementation of the Socio-Economic Development Strategy for the 2021-2030 period, creating opportunities for Vietnam to speed up transformation towards an efficiency and innovation-driven growth model that promoting the quality and sustainability of the entire economy as well as enterprise.

IFC Country Manager for Vietnam Thomas Jacob hailed Vietnam for its pioneering in implementing green growth, adding this played an important role in the context that the world is moving towards a sustainable, green and carbon-neutral future. Thomas said that to achieve dual goals by 2045 and net-zero emissions by 2050, Vietnam needs to improve resilience to adapt to climate change, reduce carbon emissions and increase sustainability. He also put emphasis on the role of FDI enterprises having new technologies, new ideas and new methods.

For both domestic and FDI enterprises, green growth is associated with effective ESG management and sustainable development, creating jobs towards inclusive growth. These targets must be performed by all participants, in which the Government, banks and partners have significant role. IFC is committed to continuing coordinate with Vietnam to realise its green growth strategies.

Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum. Photo: MPI

The Prime Minister’s meeting with FDI enterprises and Annual Vietnam Business Forum includes three session. The first session, named FDI’s role in the new context, will hear recommendations to improve the investment environment in Vietnam from the British Chamber of Commerce Vietnam (BritCham), American Chamber of Commerce in Vietnam (AmCham), Korea Chamber of Business in Vietnam (KoCham), Japanese Chamber of Commerce and Industry in Vietnam (JCCI), European Chamber of Commerce in Vietnam (EuroCham), representative of Associate Chambers (SingCham) and a number of important partners such as Samsung, Bosch and Intel Vietnam.

The second session is FDI enterprises pioneer in implementing green growth strategies. Participants at this session will discuss issues related to develop a workforce aligned with green growth, sustainable infrastructure, ESG financing and examples of businesses implementing green growth and ESG strategies.

The third session is Government responses, including those of Ministry of Industry and Trade, Ministry of Natural Resources and Environment, etc.

On this occasion, twelve foreign business chambers of the VBF were granted the Minister of Planning and Investment’s certificates of merit for their contribution and achievement in foreign investment attraction in Vietnam./.

Bao Linh

Ministry of Planning and Investment