Vietnam & Germany set basis for ‘Green’ future

21-Nov-2019 Intellasia | VN Economic Times | 6:02 AM Print This Post

The German Embassy in Vietnam announced on November 18 that the government negotiation session in Hanoi on German and Vietnamese development cooperation had just ended successfully and the two sides have decided to expand such cooperation in future-oriented fields such as vocational training, energy, and the environment.

The German Federal Ministry for Economic Cooperation and Development (BMZ) commits to supporting euro 213.4 million ($236.2 million) to Vietnam over the next two years, with which Germany hopes Vietnam will make its national strategies more environmentally and socially compatible.

The focus of the collaboration will be primarily on efficient energy supply, the marketability of renewable energies, coastal protection through reforestation of mangrove forests in the Mekong Delta, and sustainable forest management in northern and central Vietnam.

It was also agreed that support will be given for the sustainability of rice cultivation in the Mekong Delta as part of the “Green Innovation Centre” initiative. From this, small farms in the Delta, for example, will benefit from sustainable integration in value chains. In regard to vocational education, both countries want to mobilise Vietnamese and German companies to offer apprenticeships for young Vietnamese around the country.

Germany’s Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) has also delivered a further euro 30 million ($33.2 million) for the next round of funding for the International Climate Initiative, which promotes biodiversity and climate projects in Vietnam. BMU is also providing almost euro 11 million ($12.1 million) for a project to reduce plastic waste in the Mekong River area.

Both countries will be able to look back on 45 years of successful Vietnamese-German diplomatic cooperation in 2020. A milestone in this cooperation is the “Strategic Partnership” agreed between the two in 2011, in which development cooperation plays a key role.

This year’s intergovernmental negotiations took place at an important time, as the Vietnamese government is currently defining its economic and social objectives for the next decade as part of a new ten-year socioeconomic development strategy.

At the same time, the Federal government of Germany is comprehensively reforming its development strategies to better serve the changing realities in partner countries and its contribution to the implementation of the international agenda, particularly in the Implementation of the 2030 Agenda and the Paris Agreement’s goal of substantially reducing the risks and impacts of climate change.

http://vneconomictimes.com/article/vietnam-today/vietnam-germany-set-basis-for-green-future

 


Category: Economy, Vietnam

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