Vietnam may have to mobilise a colossal amount of funding to fulfil its international commitment to achieve net-zero emissions by 2050, with a hallmark new strategy on climate change response soon to be enacted.
With the right mix of policies and strategies, Vietnam can leverage its decarbonization efforts to advance development objectives so that achieving net zero emissions does not reduce GDP growth.
Vietnam’s economy will feature bright colors in 2022 despite still being affected by the COVID-19 epidemic Vietnam is among the countries with the highest vaccine coverage in the world. In addition, the policy of safe, flexible adaptation and effective disease control is in effect. These are considered important foundations for economic recovery. In a regular supplement to the Asian Development Outlook (ADO), the Asian Development Bank (ADB) kept its economic growth forecast for Vietnam in 2022 unchanged at 6.5%. ADB believes that exports will continue to be the driving force for growth. Mr. Nguyen Minh Cuong, Chief Economist at ADB in Vietnam, said that the trade agreements have opened up a lot of opportunities for Vietnam’s market access. The opportunities are expected to facilitate the development of domestic production from agriculture and industry to services. According to HSBC, Vietnam’s economy can regain its GDP growth rate of 6.8% in 2022, mainly thanks to the return o
Vietnam’s economy will feature bright colors in 2022 despite still being affected by the COVID-19 epidemic Vietnam is among the countries with the highest vaccine coverage in the world. In addition, the policy of safe, flexible adaptation and effective disease control is in effect. These are considered important foundations for economic recovery. In a regular supplement to the Asian Development Outlook (ADO), the Asian Development Bank (ADB) kept its economic growth forecast for Vietnam in 2022 unchanged at 6.5%. ADB believes that exports will continue to be the driving force for growth. Mr. Nguyen Minh Cuong, Chief Economist at ADB in Vietnam, said that the trade agreements have opened up a lot of opportunities for Vietnam’s market access. The opportunities are expected to facilitate the development of domestic production from agriculture and industry to services. According to HSBC, Vietnam’s economy can regain its GDP growth rate of 6.8% in 2022, mainly thanks to the return o