In Egypt, the Vietnam Embassy organized a hybrid workshop aimed at exchanging experiences in attracting green finance between the two nations. This workshop is part of the activities commemorating the 60th anniversary of diplomatic relations between Vietnam and Egypt, which began in 1963 to collaborate and learn from each other’s efforts in promoting sustainable finances.
Ambassador Nguyen Huy Dung on Tuesday emphasized the commitment of both the Vietnamese and Egyptian governments to prioritize green growth as a sustainable development path especially during the global economic recovery and changing international relations.
He also gave a detailed briefing on Vietnam’s national green growth strategy for 2011-2020, with a vision for 2050 and mentioned Vietnam’s commitment at COP26 to achieve net-zero emissions by 2050. The green transition and carbon reduction process are estimated to cost around 17 billion USD per year and require significant external resources.
Ambassador Nguyen Huy Dung yesterday emphasized the importance of climate diplomacy in attracting green financial resources for Vietnam and Egypt to fulfill their commitments to sustainability. By leveraging climate diplomacy, both countries can effectively engage with international partners and secure the necessary financial support for their green initiatives.
Advisor to the Egyptian Minister of Environment, Ambassador Rao’f Saad highlighted the vital role of climate diplomacy in attracting funds for green projects.
The Ambassador highlighted the opportunity for Vietnam and Egypt to strengthen their bilateral relations through climate diplomacy and technology cooperation so that they can embark on a new phase of collaboration, benefiting both countries in terms of sustainable development and mutual growth.
The speakers emphasized the significance of collaboration in developing domestic technologies to reduce reliance on developed nations. They also highlighted the importance of promoting green growth and technology self-sufficiency. Additionally, they discussed cooperation in banking, finance, and business startups to ensure the successful implementation of green growth policies in Vietnam and Egypt.
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