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HCM City business union proposes measures to speed up green growth

The Ho Chi Minh City Union of Business Associations (HUBA) has proposed a number of measures to help businesses overcome challenges and foster green growth and digital transformation this year.
HCM City business union proposes measures to speed up green growth ảnh 1Vo Van Hoan, Vice Chairman of the city People’s Committee, speaks at a review meeting of the HCM City Union of Business Associations. (Photo: Courtesy of HUBA)
HCM City (VNS/VNA) - The Ho Chi Minh City Union ofBusiness Associations (HUBA) has proposed a number of measures to helpbusinesses overcome challenges and foster green growth and digitaltransformation this year.

Speaking at a meeting held on January 17 to review theassociation’s performance last year and set tasks for 2024, its vicechairman Nguyen Phuoc Hung called on the city’s administration to providefinancial, legal and technological support to firms registering for greentransformation.  

He exhorted the central government to start a programme for reducinggreenhouse emissions with a specific road map, build a green index, establish acarbon credit market and develop rooftop solar power, helping businsses improvetheir competitiveness and participate in the global supply chain.

He urged the city to have solutions to attract new FDI inflows andreform long-standing industrial parks and export processing zones, speed uppublic investment, and enable businesses to bid for public projects and borrowfrom the city’s stimulus programme.

Vice Chairman of the municipal People’s Committee Vo Van Hoanpraised HUBA’s contributions, saying it has played an important role inconnecting the municipal administration and businesses, helped the cityadministration improve the investment environment and promoted administrativereform.

Considering the challenges this year, it is again expected to makea significant contribution to the economy and business sector, he said.

Hoan noted that the city has set two important tasks for thebusiness community this year: adopting green growth and fostering digitaltransformation so that they could expand their international market share.

“Green growth is an inevitable development trend,and businesses must embrace it to meet requirements, especially infastidious markets.”

He said the city would focus on three pillars this year: policiesto help adopt green transformation, criteria to measure emissions by businessesand industries so that they could find ways to reduce them and creating a goodrole model for green growth.

It also plans to establish a centre for supporting digitaltransformation, he said.

The city is welcoming a wave of foreign investment insemiconductors and artificial intelligence, and it is also an opportunity forbusinesses, he said.

They need to take advantage of this wave and participate in thesupply chains of leading corporations, he said.

The city has sufficient resources in all aspects like land,industrial parks and high-quality human resources to meet the needs of thesehigh-tech industries, he assured.

HUBA Chairman Nguyen Ngoc Hoa said last year it took a number ofmeasures to help business overcome difficulties.

It passed on to authorities various recommendations made bybusinesses to remove hurdles they faced in many areas such as real estate andcorporate bonds, and this helped eliminate many long-standing bottlenecks, hesaid.

This year it would organise programmes such as the HCM CityEconomic Forum, HCM City’s ‘Exemplary Products and Services’ and GreenBusiness Awards, ‘Business Café’, trade promotions at home and abroad, andtrade fairs to showcase Vietnamese goods, he said.

Also at the event, the association launched the new interface ofits website, huba.vn./.
VNA

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