Vietnam calls for G20’s financial, technological support for developing countries

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(VOVWORLD) - Vietnamese Prime Minister Nguyen Xuan Phuc has expressed his hope that the G20 countries will provide financial and technological support to developing countries to achieve their sustainable development goals through their effective participation in global supply chains, market access, and concessional loans and to promote cooperation in response to climate change and environmental pollution.

Vietnam calls for G20’s financial, technological support for developing countries - ảnh 1Vietnamese Prime Minister Nguyen Xuan Phuc speaks at the second session of the G20 Summit on November 22, 2020 (Photo: VNA)

The Prime Minister addressed the second session of the G20 Summit themed "Building a sustainable, inclusive and resilient future” virtually held by Saudi Arabia on Sunday. He said, “In order to successfully implement the UN's goals for sustainable development SDGs 2030 and the Paris commitment to respond to climate change, countries need high political will and efforts to integrate the SDGs and climate commitments into each country's development plans.”

The Prime Minister affirmed Vietnam's commitment to implementing the Paris Agreement in an effort to reduce total greenhouse gas emissions by 9% by 2030 using domestic resources and can reduce by up to 27% if Vietnam receives additional international assistance.

He urged “the G20, together with the cooperation of the United Nations, the World Bank, the United Nations Monetary Fund, and the World Trade Organization to actively create new development platforms, such as transforming the digital economy, circular economy, and green growth to overcome challenges and narrow the development gap between countries.”

Prime Minister Phuc said peace, stability, cooperation for joint development are pre-conditions for sustainable and inclusive development and this is only available when international relations are maintained through the law-based multilateral systems and mutual respect, understanding, cooperation and trust among the countries.