Further Gov’t support needed for foreign investors in green growth development
Difficulties in securing investment capital, advanced technologies and inadequate skilled labour resources are some of the challenges faced by Vietnam in the implementation of the National Strategy for Green Growth for the 2021-2023 period, with a vision to 2025, said Nguyen Van De, Vice Chairman of the People's Committee of Nghe An province at a seminar on Vietnam-Japan green growth cooperation in Hanoi on September 12.
Participants at the seminar "Vietnam-Japan cooperation towards green growth" in Hanoi on September 12. (Photo: VNA)
Hanoi (VNS/VNA) - Difficulties in securinginvestment capital, advanced technologies and inadequate skilled labourresources are some of the challenges faced by Vietnam in the implementation ofthe National Strategy for Green Growth for the 2021-2023 period, with a visionto 2025, said Nguyen Van De, Vice Chairman of the People's Committee of Nghe Anprovince at a seminar on Vietnam-Japan green growth cooperation in Hanoi onSeptember 12.
In addition, he said Vietnamese farmers also have to adapt to newrequirements set by international markets with stiff competition while dealingwith the adverse effects of increasingly frequent natural disasters.
De said foreign investors, especially Japanese investors andbusinesses, could play an important role in addressing the above-mentionedissues.
Foreign firms, however, have long voiced their concerns over alack of support for green growth projects in the Southeast Asian country.
While praising the Vietnamese government's initiative to improveresource management efficiency and to develop a circular economy, KinoshitaTadahiro, Director-General of Sojitz Vietnam, President of the Japanese Chamberof Commerce and Industry in Vietnam, said power supply remains a key concernamong foreign companies.
He said some Japanese firms have reported power shortages inrecent months in the northern regions of Vietnam. A solution, which has beenput into practice by some firms, was to install solar power on the rooftops oftheir factories, which according to the firms, could help cut down carbonemissions at the same time.
However, many said large-scale investments in solar panels remainchallenging as they have yet to be allowed a license or connection to thenational grid and, therefore, are unable to sell their excess power.
Ellen Van, an investment director from Mekong Capital, advised thegovernment to provide additional support to foreign investors and businesses asthey are well-positioned to help create positive impacts on the environment,the economy and Vietnamese society.
Vuong Thi Minh Hieu, deputy head of the Department of IndustrialZones under the Ministry of Planning and Investment (MPI), said the Vietnamesegovernment's top priorities in the coming years include pushing for greateradministrative reforms to support businesses, Vietnamese and foreign; buildinggreen agriculture infrastructure, applying advanced technologies and improvinghuman resources./.
Vietnam, one of countries that may be significantly affected by natural disasters and climate change, recognises that green growth is one of the crucial strategies to achieve rapid and sustainable development. This is especially the case as Vietnam is likely one of the countries that may be significantly impacted by natural disasters and climate change.
A seminar themed "Vietnam-Japan Cooperation Towards Green Growth", co-organised by Vietnam News, the country's English language daily newspaper, and the Ministry of Agriculture and Rural Development (MARD), is to take place on September 12 in Hanoi on the occasion of the 50th founding anniversary of diplomatic relations between the two countries.
Vietnam News, the English language daily newspaper under the Vietnam News Agency, and the Ministry of Agriculture and Rural Development (MARD) jointly organise a seminar themed "Vietnam-Japan cooperation toward green growth" in Hanoi on September 12 on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two countries.
Commemorating the 50th anniversary of diplomatic relations between the two nations, the Vietnam News Agency speaks with Nakajima Takeo, chief representative of the Japan External Trade Organisation (JETRO) Hanoi, to gain deeper insights into future advancements aligned with the global trend of green growth.
A seminar themed "Vietnam-Japan cooperation toward green growth" was held in Hanoi on September 12 on the occasion of the 50th anniversary of the establishment of diplomatic relations between the two countries.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Participants at the seminar "Vietnam-Japan cooperation towards green growth" in Hanoi on September 12. (Photo: VNA) 
