The Voice of Vietnam online paper (VOV Online) hosts a business forum in Hanoi on April 17 to seek ways to accelerate green economic development in Vietnam. Photo: VOV

Addressing VOV Online’s business forum in Hanoi on Wednesday  to seek ways to accelerate green growth in Vietnam, Mr. Sy, who is also member of the Party Central Committee, said that as Vietnam is entering a new stage of development associated with development goals until 2030, vision to 2045, it needs to innovate thinking and action.

He urged for efforts to effectively take advantage of the Fourth Industrial Revolution and extensive international integration to create opportunities for the future.

“In the face of climate change impacts, resources are being depleted, green transformation is inevitable for development. Businesses’ green production, green factories, green technology, clean materials, and green energy have created competitive edges. So, transformation is not only a challenge but also an opportunity to craft the most effective business development strategy."

Do Tien Sy, Member of the Party Central Committee and President of the Voice of Vietnam, addressing the forum. Photo: VOV

At the forum, experts analyzed the challenges facing green transformation in Vietnam and stressed coordination between central and local agencies, new financial mechanisms, especially the green bond and green credit market, and favorable conditions for the carbon credit market to thrive.