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Joining hands for global green goals
Monday, 2021-05-31 08:48:56
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NDO - Prime Minister Pham Minh Chinh official attended the Partnering for Green Growth and the Global Goals 2030 (P4G) Summit, held in the form of a videoconference on May 31, at the invitation of President of the Republic of Korea (ROK) Moon Jae-in.
This important political event continues to affirm that Vietnam is actively participating in and contributing to the joint efforts to realise the global green growth goals by 2030.
Formed in 2017, P4G is considered the world s leading forum for promoting public-private partnership cooperation, playing the role of connecting governments, businesses and socio-political organisations to discuss and offer breakthrough solutions on green growth, thus contributing to the implementation of the Sustainable Development Goals (SDGs) to 2030 of the United Nations. So far, P4G has 12 member countries, including: Chile, Colombia, Bangladesh, Denmark, Et
2025, opening up substantial opportunities for businesses to develop a
Experts, however, have said that the production capacity of the existing supporting industry remains poor, especially in terms of capital, technology, and experience. Production and the business environment also lack breakthrough policies.
According to the Vietnam Association of Supporting Industries (VASI), there are more than 350 enterprises in the automobile supporting industry around the country, of which some 80 percent are foreign-invested. Most of the domestic players are of small scale and have difficulties accessing capital to invest in technology, while links between them remain poor.
Luong Duc Toan, deputy head of the Division of Processing and Manufacturing under the Ministry of Industry and Trade’s Industry Department, said Vietnam’s automobile industry exhibits many limitations because domestic market demand is still modest, raising production costs compared to elsewhere in the region.
A foreign-invested garment factory in Vietnam (Photo: VNA)
HCM City (VNA) – Leaders of
European businesses
have started 2021 with optimism about the trade and investment environment in
Vietnam, according the
Business Climate Index (BCI) for the first quarter of 2021
released by the
The index reached 73.9 points in Q1, the highest
score recorded since Q3 of 2019, before the COVID-19 pandemic impacted the
global trade and investment system.
The BCI survey also showed the sustained optimism about the
business climate, up 47 points over the last 12 months.
When asked about Vietnam’s business climate outlook for Q2
this year, 67 percent of the European enterprises considered it “excellent”