Vietnam to mobilise $360 billion for sustainable development targets

Vietnam needs to mobilise $360 billion for implementing its green and sustainable development targets by 2030.

According to Nguyen Thi Bich Ngoc, Deputy Minister of Planning and Investment, Vietnam needs to mobilise $360 billion for implementing its green and sustainable development targets by 2030, 50 per cent of which will come from the private sector.

On August 16, the State Bank of Vietnam (SBV), in collaboration with the Banking Working Group (BWG), organised a conference in Hanoi to discuss measures to attract resources for the implementation of green growth and sustainable development targets.

Within the framework of the conference, participants agreed that Vietnam needs to start implementing effective adaptation and mitigation strategies to contain the challenges as climate impacts are quickly becoming stronger and more unpredictable.

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VIR