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According to Vice Chairman of Ho Chi Minh City People’s Committee Vo Van Hoan, the city recognizes that implementing green transformation is not ambitious to the point of being impossible. Vietnam in general and Ho Chi Minh City in particular have enough conditions to use alternative renewable energy.
Ho Chi Minh City and the World Economic Forum (WEF) signed a cooperation agreement to form the Industry 4.0 Center. This center, with the support of the World Bank, will help the city have space to research and propose mechanisms and policies on tasks related to trends. development, especially green growth.
GREEN GROWTH IS NOT ONE PERSON’S JOB
Speaking at the press conference concluding the Ho Chi Minh City Economic Forum on the afternoon of September 15, Vice Chairman of Ho Chi Minh City People’s Committee Vo Van Hoan emphasized that green growth is the work of everyone, every organization, every community, of each locality in a country.
According to Mr. Hoan, as a management agency, the state needs to soon build a policy framework, develop a set of criteria for measuring emissions, managing emissions, and reducing emissions. Authorities need to understand carbon emissions and energy usage levels of businesses…
Specifically, each industry group such as construction, transportation, agriculture, industry, tourism… must know the level of emissions. “This is an important set of criteria. If we cannot meet this set of criteria, we cannot develop a green economy because there is no basis for governance,” Mr. Hoan emphasized.
“Although Ho Chi Minh City has an action plan to implement the strategy sent to the Government, through the 2023 Economic Forum, the city’s action plan will be more specific, with many plans, in-depth and detailed. more detailed, not just overall,” Mr. Hoan said.
Also according to Mr. Hoan, to develop green growth, the city’s State agencies must take the lead in taking action. For example, with rooftop solar power, city leaders prioritize the use of electric cars, and prioritize consumer shopping that meets green criteria…
Besides, people need to consume responsibly, consume enough, save and consume green. At the same time, individuals also need to actively participate in regenerating the environment, participating in environmental sanitation, and participating in waste treatment.
For businesses, Vice Chairman of Ho Chi Minh City People’s Committee said that cognitive units need to determine that profits must come from improving science and technology and using energy appropriately. Currently, businesses still waste a lot of energy, and output quality products with the participation of science and technology are not many.
In order for green transformation to promote green economic development, Vice Chairman of Ho Chi Minh City People’s Committee commented that there needs to be synchronous action, from small to large, from low to high, from grassroots to city. .
From now until the end of the year, Ho Chi Minh City needs to have a plan to research and complete the policy framework and set of criteria to implement green growth. “With criteria like that, we can evaluate and make appropriate policies,” Mr. Hoan said.
At the same time, the city will try to have a set of evaluation criteria to manage emissions and energy use in 2024.
In the near future, the city will also research and consider the green growth factor in GDP, quantify the science and technology factor, and use technology to reduce emissions in economic development.
VIETNAMESE ENTERPRISES ACTIVELY INTEGRATE ESG
According to PwC’s report on the level of readiness to practice ESG in Vietnam in 2022, the rate of ESG commitment (Environment – environment, Social – society and Governance – corporate governance) of listed businesses is 93 %, exceeding Vietnam’s average of 80%. However, only 35% of listed companies have established an ESG plan, significantly lower than the average of 44%. More than half of listed businesses in Vietnam (58%) are and will be in the planning stage in the next 2-4 years.
