Investment Newspaper organizes Workshop 'Leading large capital sources for green credit'

Speaking at the workshop, Editor-in-Chief of Investment Newspaper Le Trong Minh stated that sustainable development is increasingly becoming a global trend and circular economy and green growth are the models chosen by many countries. For Vietnam, green growth and sustainable development have an organic and close relationship with each other, being both a viewpoint and a consistent goal in the socio-economic development policies of the Party and State.

investment newspaper organizes a workshop on large capital sources for green credit picture 1 — Editor-in-Chief of Investment Newspaper Le Trong Minh speaks at the conference. Photo: TT

According to Mr. Le Trong Minh, the journey to realize Vietnam's green goals not only requires perfecting policy mechanisms, raising awareness, building a monitoring system capable of implementing commitments, but also requires a huge amount of resources.

According to the World Bank's estimate (2022), Vietnam needs to invest an additional 368 billion USD by 2040, equivalent to 6.8% of GDP/year to adapt to climate change. Of which, investment in resilience is about 254 billion USD and 114 billion USD for the decarbonization journey as committed to the international community.

Chief Economist of the Asian Development Bank Nguyen Ba Hung said that Vietnam is a developing country with rapid urbanization, increasing energy demand, and facing great pressure from natural disasters, environmental pollution (air, water resources) and climate change. Therefore, Vietnam needs a large amount of capital to invest in green areas such as renewable energy, energy conversion, waste treatment, etc. Recent estimates from the IFC show that investment in climate change-related activities in Vietnam could reach 757 billion USD by 2030. In particular, green credit capital from international organizations plays a role in creating momentum for market development.

At the workshop, delegates shared, commented and analyzed useful information from experts, leaders of banks and businesses with perspectives on green credit. These are also important contributions to Vietnam's green growth journey.

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