Gov’t leader orders acceleration of national green growth strategy

Prime Minister Pham Minh Chinh has assigned tasks and solutions to ministries, sectors and localities to implement the national green growth strategy for the 2021 - 2030 period with a vision to 2050 towards the ultimate goal of carbon neutrality.

Directive 44/CT-TTg dated December 9 underscored the need for ministers, heads of ministerial-level and government-attached agencies, and chairpersons of provincial-level People’s Committees to step up communications work, embed green growth principles into national consciousness, while improving the effectiveness of information sharing between ministries, sectors and localities during the implementation of the strategy.

Acceleration of national green growth strategy

The PM ordered the Ministry of Planning and Investment to work out a roadmap to carry out green growth initiatives that are linked to long-term socio-economic development and the ultimate goal of carbon neutrality and in charge of institutionalizing and overseeing the adaptation and application of new economic policies, models and tools to restructure the economy towards green and sustainability.

The Ministry of Industry and Trade must upgrade industrial sectors based on innovation and science - technology, attract investments to green industries such as renewable energy, hydrogen and battery charging infrastructure, as well as bring into full play measures for adapting to the European Commission’s Carbon Border Adjustment Mechanism (CBAM).

The Ministry of Finance was assigned to exert efforts to complete the project on the establishment and development of a carbon market in Vietnam while the State Bank of Vietnam was tasked to continue reviewing and perfecting banking and credit regulations in line with green growth targets.

By: VLLF

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