Vietnam, Egypt exchange experience in green finance attraction
The Vietnam Embassy in Egypt on October 31 held a hybrid workshop to exchange experience in attracting green finance between the two nations, as part of activities marking the 60th founding anniversary of their diplomatic relations (1963-2023).
Vietnamese Ambassador to Egypt Nguyen Huy Dung speaks at the event. (Photo: VNA)
Cairo (VNA) – The Vietnam Embassy in Egypt on October 31 held a hybrid workshop to exchange experience in attracting green finance between the two nations, as part of activities marking the 60th founding anniversary of their diplomatic relations (1963-2023).
Addressing the event, Vietnamese Ambassador Nguyen Huy Dung held that the Vietnamese and Egyptian Governments are committed to stepping up green growth, considering it a sustainable development path amid the global economic recovery following the COVID-19 pandemic and unexpected developments in international relations.
The diplomat briefed participants Vietnam's national green growth strategy for the 2011-2020 with a vision for 2050, adding that the country made a commitment at COP26 to achieve net-zero emissions by 2050. The cost of the green transition and carbon reduction process is estimated at around 17 billion USD per year and requires significant external resources, he noted.
Dung said to fulfill and meet their commitments to sustainability, it is crucial for Vietnam and Egypt to leverage climate diplomacy serving the attraction of green financial resources.
For his part, Ambassador Rao'f Saad, Advisor to the Egyptian Minister of Environment, highlighted the crucial role of climate diplomacy in mobilising funds for green projects.
He held that Vietnam and Egypt have a golden opportunity to initiate a new phase in their bilateral relations by enhancing climate diplomacy, strengthening cooperation in technology research and transfer for mutual benefits.
Showcasing theoretical and practical aspects of climate diplomacy, speakers stressed the importance of collaboration in developing domestic technologies to reduce dependence on those from developed nations, and promoting green growth and technology self-sufficiency. They also discussed cooperation in the fields of banking, finance, and business startup to ensure that the Vietnamese and Egyptian economies successfully carry out green growth policies./.
Egyptian President Abdel Fattah El-Sisi said he hoped Vietnam and Egypt will actively maintain the friendly and cooperative relations when he received the letter of credentials presented by newly-appointed Vietnamese Ambassador Nguyen Huy Dung in Cairo on March 31.
The Vietnam-Egypt relations have witnessed strong progress across all fields over the past six decades, stated Vietnamese Ambassador to Egypt Nguyen Huy Dung in a May 10 interview broadcast live on the state-owned Egyptian foreign language channel Nile TV.
The relations between Vietnam and Egypt have made continuous great strides over the past 60 years, affirmed Vietnamese Ambassador to Egypt Nguyen Huy Dung.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
Vietnamese Ambassador to Egypt Nguyen Huy Dung speaks at the event. (Photo: VNA) 
