On August 22, Deputy Prime Minister Ho Duc Phoc attended and delivered a speech at the 12th Vietnam Sustainable Development Enterprises (VCSF) forum with the theme "Sustainable development in the new era: Turning aspirations into action".
Speaking at the forum, Deputy Prime Minister Ho Duc Phoc emphasized that after more than a decade of organization, the forum has become a leading policy dialogue channel for the Government and the business community, where important initiatives and recommendations on sustainable development have been and are being institutionalized by ministries and branches into specific policies and action programs.
The Deputy Prime Minister called on the Vietnamese business community to be proactive, courageous and pioneering on the journey of development and building sustainable values.
First of all, businesses need to promote innovation, apply high technology, digital technology, artificial intelligence, invest heavily in developing core technology, source technology in a green and sustainable direction to be able to participate more deeply in the global value chain that is increasingly applying strict "green" standards.
Next, sustainable development needs to go hand in hand with social responsibility, environmental protection and effective governance, thereby building trust with domestic and international investors, partners, and consumers.
At the same time, it is necessary to strongly promote the circular economic model, equitable energy transition, contributing to the implementation of Vietnam's commitment at COP26 to achieve net emissions of "0" by 2050.
Finally, businesses need to make more effective use of new-generation FTAs, quickly expanding to new markets in addition to large and traditional markets.
Emphasizing that Vietnam cannot succeed if it goes alone, through this forum, the Deputy Prime Minister called on and hoped that development partners, international organizations and the international business community will continue to accompany Vietnam in sharing experiences, transferring technology, enhancing technical assistance and creating conditions for fair access to financial resources at reasonable costs.
Vietnam is committed to continuing to be a trusted partner, a responsible member of the international community. Ready to create a favorable, transparent and stable environment, without discrimination between foreign and domestic investors.
To create a solid foundation for the transformation process to enter the new era, the Vietnamese Government affirms:
First, it will continue to improve favorable and transparent institutions, policies and legal frameworks, focusing on reforming administrative procedures, digitalizing public services to ensure the legitimate rights of investors and businesses.
Second, it will focus on investing in modern, synchronous and sustainable infrastructure. Especially transport infrastructure, energy infrastructure, digital and telecommunications infrastructure, logistics infrastructure, green, sustainable and environmentally friendly industry.
Third, the Government will promote the development of financial instruments such as green credit, green bonds, and green investment funds to effectively support capital for sustainable development projects.
Fourth, the Government will increase the mobilization of social and international resources to support businesses in innovating technology, improving labor skills, and transferring techniques. The Government is committed to accompanying businesses practically and effectively in every step of the transformation process.
