Vietnam’s is seeking investment in clean energy as part of its scheme to develop a carbon market in order to achieve net zero emissions by 2050.

The recently issued National Power Development Plan VIII is considered a breakthrough in the energy sector as it shows Vietnam’s determination to gradually eliminate coal and gas-fired power generation and promote renewable energy to achieve the target of net zero emissions by 2050.

The 45th anniversary of the Vietnam-United Nations Development Programme (UNDP) partnership for sustainable development was held on June 2 evening in Hanoi.

Vietnam wants Canada to continue sharing experience with and support Vietnam in green and sustainable development, and cutting emissions to net-zero, Deputy Prime Minister Tran Hong Ha told Canadian Ambassador to Vietnam Shawn Perry Steil at a meeting on May 23.

Green growth has become an inevitable choice and a goal that every country is aiming for.

VOV.VN - Prime Minister Pham Minh Chinh received executives of several major Japanese economic corporations on May 20 in Hiroshima in Japan as part of his attendance at the expanded G7 summit.

The engagement of the private sector in green and sustainable growth is crucial for Vietnam to complete its target of achieving net-zero emission and raising the green economy scale to US$300 billion in the total national GDP value in 2050, according to experts.

The Ho Chi Minh City Economic Forum (HEF) 2023 will be held from September 13-17 under the theme “Green growth - the journey to zero emissions,” the municipal People’s Committee announced at a press conference on May 11.

The Just Energy Transition Partnership (JETP) provides important financial and technological solutions and should also be a target for the implementation of Power Development Plan VIII, Deputy Prime Minister Tran Hong Ha has said.

VOV.VN - Domestic and foreign firms have so far poured nearly US$9 billion into green growth projects, including investments in renewable energy and equipment procurement for the green economy.