Vietnam calls for financial guarantee for UN development activities

VOV.VN - Vietnam called on the international community to ensure financial support for the UN’s development activities at a meeting of the Economic and Financial Committee of the United Nations General Assembly’s 77th session on October 14.

Vietnam called for a comprehensive approach in addressing challenges relating to climate change, environment and bio-diversity,

Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam at the UN, suggested that ahead of the upcoming relevant meetings of the UN, countries should work to ensure pragmatic progress in the implementation of international commitments.

During the debate, countries highly appreciated the important role of the United Nations Development System in promoting sustainable development, and expressed concern that development activities have not received as much attention as other UN development activities.

To enhance the role of the development system, countries call for securing funding for the UN Development System, which can assist countries in realizing the Sustainable Development Goals (SDGs).

On the other hand, many argue that the UN Development System also needs to improve the efficiency of the use of resources to meet the needs, priorities and plans of each country.

In her speech, Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam at the UN,

In her speech, Le Thi Minh Thoa, Deputy Permanent Representative of Vietnam at the UN, applauded the support of the UN Development System over the past 45 years and highlighted the important role the development system plays in implementing the 2030 Agenda for sustainable development and addressing global challenges.

The Vietnamese representative emphasized that in order to intensify development activities, it is necessary to provide an adequate and stable budget as a way of ensuring a balance between the regular and mobilized budgets.

She underlined the need to strengthen partnerships with financial institutions, development partners and the private sector to carry out SDGs.

Development partners need to increase their contributions to the regular budget to ensure that UN development activities are neutral, voluntary, universal and multilateral.

Thoa expressed Vietnam's support for the process of reforming the UN Development System to increase efficiency, coherence, and better support for national efforts to meet the needs, priorities and strategies of each country.

The representative of Vietnam shared the UN Secretary-General's assessment that UN agencies also need to strengthen skills, expertise and institutions

The representative of Vietnam shared the UN Secretary-General's assessment that UN agencies also need to strengthen skills, expertise and institutions to better support countries in their energy transition, food system and digital transformation, poverty eradication, promotion of social welfare, education, health insurance and climate change adaptation.

Regional cooperation needs to be strengthened to optimize expertise aimed at supporting coordinators and UN agencies at the national level, she added.