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People-centred green development

Viet Nam President Nam Nguyen Xuan Phuc

10 November 2021

President of Viet Nam Nguyen Xuan Phuc called on all economies to respond collectively to the challenges presented by climate change, he said in his address to the APEC CEO Summit today.

As leader of one of the countries most likely to be affected by climate change, President Phuc said, “Time is not on our side, for these challenges continue to worsen with every passing day. Thus we need to work closely together to overcome such hardships.”

He said that responding to climate change requires innovative and effective international co-operation, enhanced assistance in providing more resources and new technologies, and capacity building for developing countries.

 Introduced to the Summit by Mitchell Pham Co-founder and Director of CodeHQ, President Phuc remarked that, “To fulfil the APEC Putrajaya Vision 2040 APEC Leaders are joining hands and setting aside differences to spearhead more robust and concerted efforts to stay ahead of challenges and risks.”

He added, “We pledge to take bold action to transition to a green growth model and comprehensive response to climate change.

“At COP26 Viet Nam made a strong commitment to achieving net zero emissions by 2050 increasing the share of renewable energy to more than 30% in the total primary energy supply, and ensuring a stable forest coverage rate of 43%.”

Viet Nam is pursuing a people-centred green development, President Phuc said.

The country’s policies together with our market of 100 million people and vast networks of ratified 14 FTAs will open up opportunities for foreign investors to work with Viet Nam and together share the fruits of sustainable development.

“You success is also our success,” he told the Summit. “I am confident that given our unity and resolve, we will overcome all challenges and together ensure peace, prosperity and sustainable development in the Asia-Pacific.”