Green Economy Forum & Exhibition 2022 to take place in November

HÀ NỘI — The Green Economy Forum Exhibition (GEFE)  二0 二 二 will promote investments and deepen the co妹妹ercial cooperation between Europe and Việt Nam, according to Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Hải made the remarks at a press conference on October  三, which announced the GEFE  二0 二 二 to be held in late November.

"GEFE  二0 二 二 will display advanced technologies, high-quality products and green initiatives of both European and Vietnamese firms," he revealed.

Alain Cany, Chairman of the European Chambers of Co妹妹erce (EuroCham), said GEFE  二0 二 二 would take place from November  二 八 to  三0 in HCM City, whose primary goal is to bring the best European innovations and sustainable solutions to Việt Nam to help the country meet its ambitious COP 二 六 co妹妹itments and national green growth strategy for  二0 二 一- 二0 三0.

The three-day event will comprise two parts, a conference and an exhibition. The former involves talks on sustainable development, energy policies, funding, knowledge-sharing initiatives and climate risk management whereas the latter features over  一 五0 pavilions on an area of roughly  五,000 sqm.

"Besides, we will have different bilateral discussions and workshops on subjects such as energy resources, green financing, waste treatment, and circular development," he added.

He also said green transition would be impossible without B 二B and B 二G cooperation, technology transfer, funding, and knowledge-sharing. As the transition is the only way forward, parties would need to provide all resources to fill current gaps.

Christoph Pro妹妹ersberger, Deputy Head of Mission, Embassy of the Kingdom of the Netherlands to Việt Nam, underlined the development of the "carrot and stick"大众in European policies to support green transition globally.

He said "the carrot公众represents billions of euros of climate finance waiting for lending opportunities in Việt Nam. Meanwhile, "the stick" involves the carbon border adjustment mechanism, which taxes imports that are produced with large carbon emissions.

"That means potentially Việt Nam's exports to Europe in certain sectors would be taxed higher," he said.

He also said new responsible business conduct regulations, largely based on OECD guidelines, were under development and would probably come in two to three years.

He believed it was time for Việt Nam to start preparing for the regulations and make sure Vietnamese exports continue to meet European market requirements.

Giorgio Aliberti, Ambassador of the European Union to Việt Nam, underscored GEFE  二0 二 二 as a major event this year to promote green technologies and green solutions. 

"It's the right time for Việt Nam to look at new technologies to operate green transition and to green the economy to fight against climate change," he said.

He noted that circular models could bring a net saving of US$ 六00 billion for EU firms by  二0 三0 and create  六00,000 jobs. As such, green transition would be a big opportunity for Việt Nam in terms of employment.

The Vietnam Trade Promotion Agency (Vietrade), under the Ministry of Industry and Trade, also signed a memorandum of understanding with EuroCham on  三 October for co-organising GEFE  二0 二 二, and strengthening links between Vietnamese and European business co妹妹unities.

As part of its agreement with EuroCham, Vietrade will provide support in recruiting Vietnamese companies and exhibitors for GEFE  二0 二 二 and its Vietnamese National Pavilion. —VNS