On November 5 (local time), Deputy Prime Minister Tran Hong Ha led the Vietnamese delegation to attend the opening ceremony of the 6th China International Import Expo (CIIE) in Shanghai, China and delivered an important speech at the Forum "Developing Green Investment and Trade - Building Global Ecological Civilization Together".
Deputy Prime Minister Tran Hong Ha speaks at the Forum "Developing green investment and trade - Building global ecological civilization together".
Speaking at the Forum "Developing green investment and trade - Building global ecological civilization together", Deputy Prime Minister Tran Hong Ha highly appreciated the initiative to organize the 6th China International Import Expo.
According to the Deputy Prime Minister, in the context of the world's profound transformation with the strong development of science and technology and trends of digital transformation, green transformation, development based on technology and knowledge; this is a historic moment for the world to quickly innovate, transform the economy from brown to green and share three major cooperation orientations.
Specifically, it is necessary to strengthen international cooperation and solidarity to build an ecosystem for green investment and trade. The Deputy Prime Minister emphasized that responding to global challenges requires global efforts and upholding multilateralism. Multilateral institutions such as the World Trade Organization (WTO), UNCTAD, UNDP, and the United Nations Environment Programme (UNEP) need to promote their role in strengthening connectivity and building global policies to promote green and sustainable trade and investment.
According to the Deputy Prime Minister, the greening process of investment and trade needs to ensure fairness.
Second, according to the Deputy Prime Minister, the greening of investment and trade needs to ensure fairness. Countries need to act together to achieve common goals while taking into account differences in development levels, economic scale and adaptability. Developed countries need to provide financial, technological and human resource support to developing countries to catch up with global green standards and norms.
Third, science and technology are the "vaccine" in the journey to respond to climate change and green transformation. The Deputy Prime Minister suggested that developed countries need to take the lead in inventing and developing science and technology to produce green products such as green hydrogen, low-emission, environmentally friendly storage, transportation and production infrastructure. International organizations need to contribute to ensuring the equitable allocation of resources and transfer of green technology from developed to developing countries.
The Deputy Prime Minister emphasized that if developed and developing countries cooperate together, take advantage of and effectively exploit natural resources for energy conversion, they can turn the impossible into possible to work towards the highest goal of sustainable development and global ecological civilization. "Vietnam is ready to join developed countries in establishing a model of cooperation between developed and developing countries for green conversion," the Deputy Prime Minister affirmed.
"Vietnam is ready to join developed countries in establishing a cooperation model between developed and developing countries for green transformation," the Deputy Prime Minister affirmed.
The Deputy Prime Minister also emphasized that as one of the three countries implementing the Just Energy Transition Agreement (JETP) with the G7 countries and international partners, Vietnam promotes a green finance mobilization mechanism, in which capital from the Government plays a leading role, directing private investment sources to realize the goals of emission reduction, green transition and sustainable development.
More than 200 representatives of Governments, businesses, experts, scholars from various countries and international organizations attending the Forum focused on discussing disarmament, promoting trade and investment to increase finance for development as well as developing green technology towards building a global ecological civilization.
The opening ceremony of CIIE 6 was attended by leaders and representatives from 150 countries and territories, international organizations, and hundreds of the world's leading corporations and enterprises. This is one of the four largest annual multilateral diplomatic activities of the Chinese Government under the initiative of Chinese President Xi Jinping since 2018.
The 6th CIIE, themed "New Era, Shared Future", attracted more than 150 countries and international organizations and 3,400 enterprises to attend. The fair was held with the aim of enhancing China's role in the global supply chain, affirming China's two-way trade policy, and being ready to open up its huge market to contribute to the recovery and growth of global trade and economy.
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