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Friday, September 24 2021
Tiếng Việt
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Date 26/06/2020-17:00:00 PM
Climate Business Index Program announcement ceremony
(MPI) – The ceremony to announce the Climate Business Index (CBI) program was held on June 26th, 2020. Attending the ceremony was Deputy Minister of Planning and Investment Vu Dai Thang, United Nations Development Program Resident Chief Representative (UNDP) in Vietnam Caitlin Wiesen.
Deputy Minister delivered a speech at the ceremony. Photo: MPI

Speaking at the ceremony, Deputy Minister Vu Dai Thang said that, Vietnam had gained some early encouraging results in socio-economic development with efforts of the line ministries, business community and the companion of people over the years. The index of socio-economic development over the years has consistently achieved high results of around 7%.

To gain these outcomes, the perspectives, measures and sustainable development policy have received great interest from the Party and the Government of Vietnam in the past annual and 5-year socio-economic development plans and 10-year socio-economic development strategies along with the solutions and policies to promote economic growth. Sustainable development is both the goal and the mission that Vietnam has to fulfill to achieve the Millennium goals of the previous period, as well as efforts to participate in the sustainable Development Goals SDG 2030 initiated by the United Nations.

Deputy Minister Vu Dai Thang asserted that, the corporate sector played an important role, being the core element of investment activities, business production and having a large impact on the environment and climate change. Sustainable and environmentally-friendly development is currently the business trend in the world. Corporations in the world are increasingly committed to accelerating the shift to the green economy. In 2019, President of the global Unilever Group was committed to cutting 50% of raw plastic, while enhancing the recycled plastic component in the packaging production by 2025; Heineken gives the message to reuse or recycle up to 99.01% of its by-product and scrap. In companion with other enterprises in the world, Vietnamese enterprises have a positive transformation in awareness and action towards the sustainable development over the past time, typically Vinamilk, Century Fiber Joint-stock company, and so forth.

In addition, consumer trends are changing in a smarter, more sustainable direction. Consumers increasingly pay more interest to and ask for higher demand on environmental protection, creating an increasingly powerful tendency to use environmentally-friendly products. Those commitments and trends will contribute to the importance of ensuring a safer and better life for today and future generations, not only for the people of a country but for the common interest of the mankind, Deputy Minister Vu Dai Thang emphasized.

To raise businesses’ awareness, to encourage and support them to develop efficiently and sustainably, ensuring a tight, reasonable and harmonious combination between economic efficiency and social responsibility, protecting resources and the environment, the Prime Minister issued the Decision No. 1362/QD-TTg dated October 11th, 2019 approving the Plan for sustainable development of the private sector by 2025, vision to 2030. This route is also consistent to the Vietnam roadmap to complete the Sustainable Development Goals program SDG 2030.

With the task assigned by the Prime Minister of being the governing body to monitor and evaluate the Plan, the Ministry of Planning and Investment highly appreciated UNDP's initiative in Vietnam on building the Climate Business Index (CBI) and would closely coordinate with the development partners, especially the UNDP to jointly implement this initiative. He also hoped many businesses to know and participate in CBI to raise awareness and take practical action towards sustainable development. CBI is also a good tool for state management agencies such as Ministry of Planning and Investment to recognize and assess the situation of sustainable development of Vietnamese enterprises, so as to provide policy recommendations, contributing to the growth of green business models in Vietnam, enhancing corporate responsibility for community and society, towards fast and sustainable development.

UNDP Resident Chief Representative in Vietnam Caitlin Wiesen. Photo: MPI

Speaking at the ceremony, UNDP resident Chief Representative in Viet Nam Caitlin Wiesen said, CBI was a joint innovation initiative proposed by Ministry of Planning and Investment and the UNDP. The initiative was built within the framework of the UNDP Global Support program for National Determined Contributions (NDC). Ms. Caitlin Wiesen congratulated Vietnam on its impressive control of the Covid-19 pandemic and this success of Vietnam had been highly recognized and appreciated by the world, being one of the best example in terms of joint efforts between governments, businesses and the community in addressing a major challenge.

Viet Nam has had many successful experiences over the past decades, including the miraculous reform in the late 80s, poverty alleviation and hunger eradication and good progress in building and achieving sustainable development goals (SDG), indicators of green growth and climate change. However, Vietnam needed full participation, capital investment and innovation of private sector, especially small and medium enterprises in order to be able to leap into the next phase of economic development and to address environmental challenges effectively, Ms. Caitlin Wiesen emphasized.

Currently, there are more than 700 thousand enterprises in Vietnam, contributing nearly 40% of GDP and generating nearly 70% of sustainable jobs. Many businesses are greening investment activities, creating sustainable jobs, aiming to engage in and benefit from global green value chains, which reduce greenhouse gas emissions.

Ms. Caitlin Wiesen said that Vietnam would have new opportunities in attracting investment to develop the national economy, especially for small and medium-sized businesses in the post Covid-19 period. We should seize this opportunity to pursue the approaches which aim at restoring green economies with motivation being the government's stimulus package; converting to green products to meet the growing demands and requirements of green production and green products; contributing to the planet protection and mitigation of extreme weather and epidemic impact at a global scale.

Panorama of the ceremony. Photo: MPI

CBI’s general objective is to evaluate the action of the private sector against climate change; encouraging private sector businesses to act against climate change; creating opportunities to cooperate with the private sector in anti-climate change and environmental protection. This is a web-based self-assessment tool for businesses in Vietnam to check the level of business compatibility with Vietnam's climate change objectives in the NDCs, as well as the UN’s Sustainable Development Goals (SDGs). Through CBI, the system of business data, reports and reviews on their awareness, climate change action and environmental protection in Vietnam will be developed. The CBI program will then implement activities to acknowledge and encourage businesses to contribute positively to protecting the environment, reducing greenhouse gas emissions and combating climate change.

As of June 2020, 115 enterprises have enrolled in the CBI program. Registered enterprises include a number of global companies, branches of foreign enterprises, large local enterprises in the country, small and medium enterprises, micro enterprises, creative start-up enterprises. Through the data of CBI, the Ministry of Planning and Investment and UNDP in Vietnam will carry out several activities supporting enterprises to achieve CBI requirements. The support consists of training, counseling, investor connection, finance searching and some other support according to the actual needs of the businesses./.

Ministry of Planning and Investment

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