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On December 9, Prime Minister Pham Minh Chinh issued Directive 44/CT-TTg, outlining tasks and solutions for implementing the national green growth strategy for the period of 2021-2030 with a vision towards 2050. The ultimate goal of this strategy is to achieve carbon neutrality in Vietnam.
The directive emphasizes the importance of communication and raising awareness about green growth principles among the public. It also calls for better coordination and information sharing between ministries, sectors, and localities during the implementation of the strategy.
The Ministry of Planning and Investment has been tasked with developing a roadmap for implementing green growth initiatives that are aligned with long-term socio-economic development and the goal of carbon neutrality. The ministry is also responsible for institutionalizing and overseeing the adoption of new economic policies, models, and tools to restructure the economy towards green and sustainable growth.
The Ministry of Industry and Trade has been directed to promote innovation and science-technology in industrial sectors, attract investments in green industries such as renewable energy, hydrogen, and battery charging infrastructure, and prepare for the European Commission’s Carbon Border Adjustment Mechanism (CBAM).
The Ministry of Finance has been assigned to complete the project on establishing and developing a carbon market in Vietnam, while the State Bank of Vietnam is responsible for reviewing and improving banking and credit regulations in line with green growth targets.
This directive highlights the government’s commitment to promoting green growth and achieving carbon neutrality in Vietnam. It also reflects the country’s efforts to align with global trends and initiatives towards a more sustainable future. The successful implementation of this strategy will have a significant impact on Vietnam’s economy, environment, and overall development.